PGNiG WN has submitted an application to the Norwegian energy minister regarding CO2 storage on the Norwegian shelf

The Norwegian Ministry of Energy has received applications from PGNiG Wydobycie Norwegia (Upstream Norway) and seven other companies in connection with the declaration of two areas in the North Sea for potential CO2 storage on the Norwegian shelf, the Norwegian Offshore Directorate said in a press release.

In addition to PGNiG Mining Norway, seven more entities – Aker BP ASA, Equinor Low Carbon Solutions AS, Lime Petroleum AS, Northern Lights JV DA, OMV (Norge) AS, Var Energi ASA and Wintershall Dea Norge AS – have submitted applications.

The release indicated that the ministry is reviewing the applications received and plans to award exploration licences in the second half of 2024.

In accordance with the regulations for the transport and storage of CO2 to subsea reservoirs on the continental shelf, the Norwegian Ministry of Energy normally expects exploration licences to be granted before an exploitation licence is granted in an area. If a licence is granted to several companies, the ministry will generally appoint one of them as operator.

The award of exploration concessions usually includes a work programme with one binding phase and subsequent conditional phases with decision points for continuation or relinquishment of the area.

Source: PortalMorski.pl