The Norwegian Ministry of Energy has awarded four new exploration licenses related to carbon capture and storage (CCS) on Norway’s continental shelf. All the awarded licenses are located in the North Sea. Two of the licences were offered to the Norwegian oil and gas company Equinor. One licence was awarded to a group consisting of Vår Energi, OMV and Lime Petroleum, while another was offered to a group consisting of Aker BP and PGNiG Upstream Norway.
Equinor’s two licenses are referred to as Albondigas and Kinno, and are each expected to have the capacity to store around 5 MtCO2/year once in operation. Vår Energi’s licence, named Iroko, has the potential to store up to 7.5 MtCO2/year for at least 30 years.
In addition, Equinor has been awarded its first CCS exploration permit in Denmark as operator, together with partners Ørsted and Nordsøfonden. The partners were awarded permit holders by the Danish authorities for the project named CO2 Storage Kalundborg, with a potential capacity to store up to 12 MtCO2/year. Commissioning is expected in early 2026.
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