The Norwegian Ministry of Energy has received applications from eight companies in connection with the announcement of two areas in the North Sea for potential storage of CO2 on the Norwegian shelf.

The Ministry is processing the applications received and plans to award exploration licences in the second half of 2024.

The Ministry has been contacted by commercial players who are interested in securing the award of specific acreage for CO2 storage.

These areas, which are located in the North Sea, were announced on 6 March pursuant to the (Norwegian) CO2 Storage Regulations. When the deadline expired on 24 April, the following companies had submitted applications:

• Aker BP ASA
• Equinor Low Carbon Solutions AS
• Lime Petroleum AS
• Northern Lights JV DA
• OMV (Norge) AS
• PGNiG Upstream Norway AS
• Vår Energi ASA
• Wintershall Dea Norge AS

KeyFacts Energy Industry Directory: Norwegian Offshore Directorate   l   KeyFacts Energy news: Carbon Capture and Storage