– The Northern Lights project could be the first step towards developing a carbon capture and storage (CCS) value chain, needed to reach the global climate goals of the Paris Agreement. Development of CCS projects will also lead to new activities and industrial opportunities for Norwegian and European industry, says Anders Opedal, Executive Vice President for Technology, Projects and Drilling in a press release from Equinor.
Equinor and its partners Shell and Total have now decided to invest in Northern Lights in Norway’s first utilization permit for CO2 storage on the Norwegian continental shelf. The plan for development and operation (PDO) has been submitted to the Ministry of Petroleum and Energy.
In March this year, the licensing partners completed drilling of the well to investigate whether the Johansen formation in the North Sea was suitable as future CO2 storage. The results were positive.
The Northern Lights project thus includes the capture, transportation, and storage of CO2
Development phase 1 is planned with a capacity of 1.5 million tonnes of CO2 per year from late autumn 2023, and with an operating period of 25 years. Development phase 2 is planned with a capacity of up to 5 million tonnes of CO2 per year. However, this is dependent on the necessary supply of CO2.
Read more about Northern Lights in these articles:
Borer for å bekrefte CO2-lager
