Three oil majors have signed a partnership agreement to mature the development of carbon storage on the Norwegian continental shelf (NCS). The project is part of the Norwegian authorities’ efforts to develop full-scale carbon capture and storage (CCS) in Norway.
Statoil agreed a deal for the first phase of the project in June with Gassnova. Now Norske Shell and Total E&P Norge are joining as equal partners while Statoil will lead the project.
In a joint statement the three oil majors said that all of them will contribute people, experience, and financial support.
The first phase of this CO2 project could reach a capacity of approximately 1.5 million ton per year. The project will be designed to accommodate additional CO2 volumes aiming to stimulate new commercial carbon capture projects in Norway, Europe and more globally across the world.
“Statoil believes that without carbon capture and storage, it is not realistic to meet the global climate target as defined in the Paris Agreement. A massive scale up of number of CCS projects are needed and collaboration and sharing of knowledge are essential to accelerating the development. We are very pleased to have Shell and Total as partners and believe their experience and capabilities will further strengthen this project” says Irene Rummelhoff, Statoil’s executive vice president for New Energy Solutions.
“Shell sees CCS as a transformative technology that can significantly reduce emissions from those industrial sectors that will continue to rely on hydrocarbons for decades to come. Shellhas significant experience of working with governments and other experts to support the development and wide-scale deployment of CCS and are pleased to be joining forces with our joint venture partners”, says Monika Hausenblas, Shell’s executive vice president for Environment and Safety.
“Total is integrating the climate challenge into its strategy. Total’s involvement in this first commercial-scale storage project, is thus fully aligned with our low carbon roadmap and our strategy to ultimately become a global CCUS leader” said Philippe Sauquet, President, Gas, Renewables & Power and President, Strategy-Innovation at Total.
The storage project will store CO2 captured from onshore industrial facilities in Eastern Norway. This CO2 will be transported by ship from the capture facilities to a receiving terminal located onshore on the west-coast of Norway. At the receiving terminal CO2 will be transferred from the ship to intermediate storage tanks, prior to being sent through a pipeline on the seabed to injection wells east of the Troll field on the NCS. There are three possible locations for the receiving terminal; a final selection will be made later this year.