Sval-led partnership gain North Sea Trudvang carbon capture license
Aug. 18, 2023
The Norwegian Ministry of Petroleum and Energy has awarded the Trudvang carbon capture and storage license in the North Sea to Sval Energi (operator) and partners Storegga and Neptune Energy.
Analysis suggests the site could store 9 MMt per year of CO2e to 20% of Norway’s total current annual emissions for a period of up to 25 years, or about 225 MM t. But the potential figure could be higher, according to Sval.
Trudvang is 165 km offshore and west of the Equinor-operated Sleipner Field, which is Norway’s longest-serving CO2 offshore storage center. The Trudvang reservoir is at depth of about 850 m in the Utsira Formation.
Courtesy Sval Energi
The planned development involves capturing CO2 from several emission sources in northwest Europe, which would be delivered to export terminals. From these, the CO2 would be shipped or piped to the Trudvang location for injection and permanent storage beneath the seabed.
Sval CEO Nikolai Lyngø said the company had been working on this opportunity for two years.
Neptune Energy’s managing director in Norway and the UK, Odin Estensen, said, "The North Sea has great potential to become a hub for carbon storage, given the proximity to CO2 emitters and the geology which is suitable for CO2 storage. Neptune Energy was recently awarded three CO2 storage licenses in the UK, and we continue to progress our L10 carbon storage project in the Netherlands. Our ambition is to build a portfolio of carbon stores linked to our core areas in the North Sea.”
