Press release | Date: 08/06/2022 | Ministry of Petroleum and Energy
The Norwegian Ministry of Petroleum and Energy has received applications from three companies that want to be allocated areas for future storage of CO2 on the Norwegian continental shelf.
- There is considerable industrial interest in projects that include commercial storage of CO2 on the Norwegian Continental Shelf. Further allocations of area will strengthen the development of an important climate measure and contribute to a new, commercial industry on the Norwegian shelf, says Minister of Petroleum and Energy Terje Aasland.
Carbon capture and storage (CCS) is important to the Government, because it creates employment and cuts emissions. Allocation of area is a prerequisite for succeeding with CCS.
The Ministry has received inquiries from commercial actors with a desire to be allocated a specific area for CO2 storage. The area is located in the North Sea and was announced on April 8 in accordance with the storage regulations.
- Companies that have the will and ability, and have matured projects that include storage of CO2, will be able to apply for a storage permit. I am happy to receive more requests to announce additional area for CO2 storage, Aasland continues.
By the application deadline of June 1st, the Ministry had received applications from three companies. The Ministry will process the applications received and aims to allocate areas in accordance with the storage regulations during the second half of 2022.
List of companies that have applied:
TotalEnergies EP Norge AS
Wintershall Dea Norge AS