Neptune Energy, partners apply for carbon capture and storage license in Norwegian North Sea
(WO) — Neptune Energy has partnered with Sval Energi and Storegga on an application for a CO2 storage license in the Norwegian North Sea. Securing the license would enable the companies to proceed with the Trudvang project which has the potential to store up to nine million tonnes of CO2 per year, equivalent to about 20% of Norway’s total annual emissions.
The Trudvang project comprises carbon capture by multiple industrial emitters in Northern Europe and the UK, shipping of liquid CO2 from export terminals to an onshore receiving terminal in the south-west of Norway and transport via a purpose-built pipeline to the Trudvang location for injection and permanent storage.
The Trudvang storage license is located in the Norwegian North Sea, to the east of the Sleipner field and about 200 km from the coast.
The storage reservoir is at a depth of approximately 850 m, in the Utsira formation.
Neptune Energy’s Global Head of Subsurface, New Energy, Pål Haremo, said, "The North Sea has great potential as a hub for carbon storage given the availability and proximity of existing infrastructure, depleted reservoirs and saline aquifers. In addition to our CCS projects in Norway, Neptune is working on potential projects in the Netherlands and UK, as we aim to build a portfolio for carbon storage linked to our core areas in the North Sea.