Norway’s Ministry of Petroleum and Energy announces two areas for applications related to injection and storage of CO2 on the Norwegian continental shelf. The announcement takes place in accordance with the CO2 Storage Regulations, on the basis of interest from several players in the industry. Capture and storage of CO2 is an area where Norway has a unique opportunity to really make a difference on the way to a global low-emission society. Norway have unique experience and expertise from the Sleipner and Snøhvit-fields and not least the test center at Mongstad. Several players in the industry have approached the ministry with a desire to be allocated two specific areas they consider interesting for CO2 storage. One is in the North Sea, the other in the Barents Sea. The Ministry is making this announcement on the basis of this interest.As described in the White Paper Putting Energy to Work, which was presented before the summer, exploration and utilization permits are announced and allocated after individual announcements and needs. The process is initiated by players that want a permit in accordance with the CO2 Storage Regulations. They can apply when they believe there is a sufficiently good basis for an application.Activities aimed at exploration and exploration for subsea reservoirs for CO2 storage, as well as utilization, transport and storage of CO2 in such reservoirs on the Norwegian continental shelf are regulated the CO2 Storage Regulations from 2014. The regulations deal with the utilization of subsea reservoirs on the continental shelf for storage of CO2 and on the transport of CO2 on the continental shelf.Anyone who wants to engange in this activity needs a permit in accordance with the storage regulations. In addition, on 20 February 2020, the Petroleum Safety Authority Norway laid down regulations on safety and the working environment for the transport and storage of CO2 on the continental shelf.The White Paper Putting Energy to Work provides a description of the strategy for further development of CO2 storage on the Norwegian shelf. The Ministry will facilitate economically profitable CO 2storage on the Norwegian shelf. The allocation of acreage is an important part of this.
Norway’s Ministry of Petroleum and Energy announces two areas for applications related to injection and storage of CO2 on the Norwegian continental shelf. The announcement takes place in accordance with the CO2 Storage Regulations, on the basis of interest from several players in the industry. Capture and storage of CO2 is an area where Norway has a unique opportunity to really make a difference on the way to a global low-emission society. Norway have unique experience and expertise from the Sleipner and Snøhvit-fields and not least the test center at Mongstad. Several players in the industry have approached the ministry with a desire to be allocated two specific areas they consider interesting for CO2 storage. One is in the North Sea, the other in the Barents Sea. The Ministry is making this announcement on the basis of this interest.As described in the White Paper Putting Energy to Work, which was presented before the summer, exploration and utilization permits are announced and allocated after individual announcements and needs. The process is initiated by players that want a permit in accordance with the CO2 Storage Regulations. They can apply when they believe there is a sufficiently good basis for an application.Activities aimed at exploration and exploration for subsea reservoirs for CO2 storage, as well as utilization, transport and storage of CO2 in such reservoirs on the Norwegian continental shelf are regulated the CO2 Storage Regulations from 2014. The regulations deal with the utilization of subsea reservoirs on the continental shelf for storage of CO2 and on the transport of CO2 on the continental shelf.Anyone who wants to engange in this activity needs a permit in accordance with the storage regulations. In addition, on 20 February 2020, the Petroleum Safety Authority Norway laid down regulations on safety and the working environment for the transport and storage of CO2 on the continental shelf.The White Paper Putting Energy to Work provides a description of the strategy for further development of CO2 storage on the Norwegian shelf. The Ministry will facilitate economically profitable CO 2storage on the Norwegian shelf. The allocation of acreage is an important part of this.
