Statoil to Evaluate New CO2 Storage Project on NCS

Gassnova has assigned Statoil to evaluate the development of carbon storage on the Norwegian continental shelf (NCS).

This will be the first storage site in the world receiving CO2 from several industrial sources, the company noted.

The storage project is part of Norwegian authorities’ efforts to develop full-scale carbon capture and storage in Norway. It will capture CO2 from three onshore industrial facilities in Eastern Norway and transport CO2 by ship from the capture area to a receiving plant onshore located on the west-coast of Norway.

At the receiving plant CO2 will be pumped over from the ship to tanks onshore, prior to being sent through pipelines on the seabed to several injection wells east of the Troll field on the NCS.

There are several possible locations for the receiving plant, and the final choice will be based on criteria such as safety, costs and expansion flexibility, Statoil explained.

Gassnova has previously been awarded the assignments for carbon capture and transportation in the project.

The storage solution to be evaluated by Statoil will have the potential to receive CO2 from both Norwegian and European emission sources.

“Carbon capture and storage (CCS) is an important tool to reduce carbon emissions and to achieve the global climate targets as defined in the Paris Agreement. The CCS project that has been assigned to us will require an entirely new collaboration model with carbon capture from several industrial sources, carbon transportation by ships, and carbon storage 1000-2000 meters below the seabed. In addition, this may be the start of the world’s first CCS network across national borders. Much work remains, but if we are successful, this may open new business opportunities both for Statoil, our collaboration partners and Norwegian industry,” said Irene Rummelhoff, Statoil’s executive vice president for New Energy Solutions.

The results of studies performed in 2016 show that it is technically feasible to realize a carbon capture and storage chain in Norway. The next phase of the project, which Statoil has been assigned to perform, will involve concept and pre-engineering studies in order to evaluate the possibilities in more detail, and to get accurate cost estimates towards a possible investment decision.

An investment decision for project implementation is expected to be made by the Norwegian Parliament in 2019.

“The next big tasks are developing technology, regulations and general commercial conditions that may stimulate an extensive roll-out of CCS,” Rummelhoff said.

The Norwegian CCS project will be a collaboration project between onshore industry, government authorities and companies with offshore expertise, such as Statoil.

“Collaboration and sharing of knowledge are essential to accelerating the development of a market for carbon capture and storage. It is therefore important that we collaborate with other industrial players that can and will help implement projects and qualify CCS as an important climate tool,” Rummelhoff added.

Share this article

Follow Subsea World News

Events>

<< Nov 2017 >>
MTWTFSS
30 31 1 2 3 4 5
6 7 8 9 10 11 12
13 14 15 16 17 18 19
20 21 22 23 24 25 26
27 28 29 30 1 2 3

Underwater Intervention 2018

UI 2018 will draw the industry’s leaders from across the country and around the globe to gather for 3 days of networking…

read more >

OFFSHORE DECOMMISSIONING CONFERENCE 2017

The conference will build upon previous sell-out events and will encompass numerous keynote sessions all focused on the latest decommissioning…

read more >

Subsea Connect Americas

Subsea Connect Americas is the annual gathering for the submarine communications industry operating in North, South & Central America…

read more >

Future Energy Asia Exhibition & Conference (FEA) 2018

The transformation and development of Thailand is a major priority for the government which creates incredible business opportunities…

read more >