NPD Received Two Applications Proposing Acreage for CO2 Storage

Source: www.gulfoilandgas.com 9/29/2023, Location: Europe

Four companies have submitted applications with proposed acreage for storing CO2 in the North Sea. The green circles in the map show the relevant areas.

The applications were submitted to the authorities pursuant to the Regulations relating to exploitation of subsea reservoirs on the continental shelf for storage of CO2 and relating to transportation of CO2 on the continental shelf (the CO2 Storage Regulations).

This publication is in accordance with Proposition No. 97 S to the Storting (2022-2023), which e.g. states the following:

"Moving forward, the Ministry will make suitable announcements when applications are received for proposed acreage for CO2 storage. This will facilitate an improved process surrounding potential announcements of areas being considered by various stakeholders."


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