General – CO2 Storage
The Norwegian Ministry of Energy has announced two areas for CO2 storage comprising defined blocks in the North Sea off Norway.
This is the sixth time that acreage is being announced for CO2 storage on the Norwegian Continental Shelf (NCS).
Several commercial companies have made inquiries to the ministry with a desire regarding awards of one or more specific storage areas. These inquiries form the basis for the areas now being announced.
Announcement and possible allocation of area for a storage permit will take place after individual application. The permitting process is initiated by companies by applying for permits according to the storage regulations, after having established that they have a sufficiently good basis for applying. The application deadline is 24 April 2024.
Minister of Energy, Terje Aasland, said: “I am very pleased that several companies want storage areas for commercial storage of CO2 on the Norwegian continental shelf. We have developed a system that provides good access to promising areas.”
