Neptune, Horisont Energi team up for Norwegian Errai carbon capture development

Offshore staff

STAVANGER, Norway — Neptune Energy has signed a memorandum of understanding with Horisont Energi to develop the Errai carbon capture and storage (CCS) project in Norway.

This could store 4 MM to 8 MM metric tons per year of CO₂ annually, possibly more in later phases. Planned facilities include an onshore terminal for intermediate CO₂ storage, with the CO₂ stored permanently in an offshore reservoir.

The terminal would receive CO₂ from Norwegian and European clients, including from the planned CO₂ terminal at the Port of Rotterdam. Various onshore locations in southern Norway are under evaluation for the terminal.

Neptune Energy will bring its subsurface and CCS experience to the project, having reinjected CO₂ in the K12-B gas field in the Dutch North Sea for the past 14 years.

In addition, the company is a partner in the Snøhvit Field in the Barents Sea, which has been reinjecting CO₂ since 2008.

Horisont initiated the Errai project in 2021.

08.30.2022