Sval Energi awarded Trudvang CO2 storage license in North Sea

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%.