Sval Energi has been awarded operatorship for a CO2 storage license in the Norwegian North Sea. The Trudvang license, granted by the Norwegian Ministry of Petroleum and Energy to Sval and partners Storegga and Neptune Energy, has the potential to store 9 million tons/year of CO2 for at least 25 years, the operator said in a release Aug. 18.
Sval chief executive officer Nikolai Lyngø said the company has spent 2 years working on the license opportunity with the aim of capturing and storing CO2 to reduce greenhouse gas emissions, and it has identified an area under the seabed suitable for safe and efficient storage of CO2.
The Trudvang license lies east of the Sleipner East field and about 165 km from the Norwegian coast, according to regulators. The storage reservoir is at a depth of about 850 m, in the Utsira formation.
The Trudvang project involves capturing CO2 from several emission sources in northwest Europe and then transporting the CO2 to export terminals. From there, the CO2 will be transported either via ship or pipe to Trudvang for injection and storage, the company said.
Phase 1 of the work program, expected to take 2 years, requires the operator to acquire 3D seismic covering the storage complex and overlying stratigraphy, and various studies including 3D geo- and reservoir modeling and studies to evaluate leakage risk and injection strategy, according to regulators.
The goal is to be able to store the first CO2 in the license towards the end of this decade, Lyngø said.
Sval is operator with 40% interest. Storegga and Neptune Energy each own 30%.
