OSLO, Norway – Norway’s Ministry of Petroleum and Energy has signed an agreement with Statoil on a feasibility study regarding CO2 storage on the Norwegian continental shelf (NCS). The study will include various development concepts for storing CO2 at three different locations on the NCS. It is to be completed by June 1 and is budgeted at about NOK 35 million ($4 million).
Tord Lien, Norway’s Minister of Petroleum and Energy, said: “Carbon capture and storage (CCS) will be an important measure in order to mitigate climate change and meet the emission targets under the Paris Agreement.
“We are pleased that we have reached an agreement with Statoil on conducting a feasibility study regarding CO2 storage. After nearly 20 years of experience with such storage from the Sleipner field, Statoil is well equipped for conducting these studies.”
The ministry said its CCS strategy contains a range of activities aimed at developing technologies for capturing, transporting, and storing CO2, noting that the feasibility study is an important step in developing full-scale CCS.
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