Norway Invites Bids for Storing Carbon Dioxide on its Continental Shelf
Norway has invited companies to submit bids to use subsea reservoirs to store carbon dioxide near the country’s largest oil and gas field, Troll.
Norway on 5 July invited companies to submit bids to use subsea reservoirs to store carbon dioxide (CO2) near the country’s largest oil and gas field, Troll.
The Nordic country aims to develop a full-scale carbon capture and storage by 2022 as part of its commitment to slow climate change after dropping such a project at its Mongstad refinery in 2013.
Norway’s oil and energy ministry said it planned to award permits to inject and store CO2 in the fourth-quarter of this year.
It will be the first project in the world to store CO2 offshore from other sources than petroleum production, a spokesman for the ministry said.
The government has already asked Norway’s largest oil and gas firm Equinor to investigate the possibilities and potential costs of offshore storage.