Statoil, Shell, and Total have signed a partnership agreement to stimulate the required development of carbon capture storage (CCS) so that long-term climate targets can be reached in Norway and the European Union (EU).
On October 2, 2017, the three partners entered into an agreement to develop full-scale CCS on the Norwegian continental shelf (NCS), as a part of the Norwegian authorities’ efforts to come into compliance with the Paris Agreement. The Agreement states that low-emissions technologies, including CCS, will require “rapid and extensive deployment” to reach the ambitious temperature target goal of less than 35.6°F (2°C) and to balance emissions.
Norske Shell and Total E&P will participate as equal partners, while Statoil, awarded the contract by Gassnova in June 2017, will lead it. The storage project will store carbon dioxide (CO2) captured from onshore industrial facilities in Eastern Norway. The CO2 will be transported by ship to capture facilities to a receiving terminal where the CO2 will be transferred to a storage tank. Afterward it will be sent through a seabed pipeline to the injection wells on the NCS. There are three possible locations for the receiving terminal, which will be determined later this year.
The first phase of the CO2 project could reach 1.5 million tons (1.3 million tonnes) per year, will be designed to house more CO2 volumes, and will stimulate new CCS projects globally. The project has the potential to be the first storage site in the world receiving CO2 from industrial sources in several countries.