The Norwegian Ministry of Energy has announced four new exploration licenses related to CO2 storage on the Norwegian continental shelf in the North Sea.
Two are offered to Equinor ASA, one to a group consisting of Vår Energi ASA, OMV (Norge) AS and Lime Petroleum AS, and one licence to a group consisting of Aker BP ASA and PGNiG Upstream Norway AS.
Terje Aasland, Minister of Energy, said the government is committed to ensuring that CO2 storage can become a commercially profitable and sustainable ocean industry in Norway.
He said, “For the players to succeed with their ambitious plans, the storage part of the value chain must also be in place. Today’s awards are therefore a new, important step towards establishing Norway as a leading player in large-scale commercial CO2 storage for European emission sources.”
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