The Norwegian energy company Sval, alongside its partners Storegga and Neptune Energy, has applied for an up to 225 MtCO2 storage license in the Norwegian North Sea. The Trudvang carbon capture and storage (CCS) project will have the capacity to store about 9 MtCO2/year for a period of 25 to 30 years, with the ability to increase this capacity over time. The Trudvang project will be located east of the Sleipner field and about 165 km from the Norwegian coast, with the storage reservoir located in the Utsira formation. The project is expected to become operational by 2029. Sval is the proposed operator of Trudvang with a 40% ownership, while Storegga and Neptune Energy will each own a 30% stake.
The application comes after the Norwegian Ministry of Petroleum and Energy announced a new area in the North Sea for applications related to injection and storage of CO2 in early January 2023. During the same month, the Norwegian energy company Horisont Energi selected a site in Gismarvik, Norway, to build the Errai large-scale CCS project, which will be able to store between 4 and 8 MtCO2/year.