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. The study is to be completed by 1 June 2016 and is budgeted at about NOK 35 million (US$4 million).
"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," says Minister of Petroleum and Energy, Tord Lien.
The Norwegian Government's strategy on CCS contains a broad range of activities aimed at developing technologies for capturing, transporting and storing CO2. This feasibility study is an important step in the strategy's actions aimed at developing full-scale CCS.
The Norwegian Government is pursuing broad measures to develop technology for capture and storage of CO2, and has decided to develop a CCS strategy.
The Norwegian government’s ambition is to realize at least one full-scale CCS demonstration project by 2020.
Norway is already home to the Sleipner project. Started in 1996, the Sleipner project was the world’s first demonstration of carbon dioxide capture and underground storage.
According to the Global CCS Institute, Around 15.5 million tonne of CO2 have been injected since inception to June 2015.
Since 2008, at Melyoka, CO2 is also extracted from gas from the Snohvit field in the Barents Sea, where it is then reinjected into a sandstone formation.
Statoil has also mapped potential storage sites in the Norwegian sector of the North Sea, based on geologic compatibility and location in relation to Norwegian and European sources of CO2.
However, a report by Gassanova said: "Deploying a full scale CCS project by 2020 will be very challenging. These are very complex industrial projects, involving a large number of risks and uncertainties."
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