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Home›Business & Finance›ABL company to evaluate Norwegian CO2 storage license
Business & Finance

May 13, 2024 · about 2 years ago

ABL company to evaluate Norwegian CO2 storage license

AGR, part of energy and marine consultancy group ABL Group, has been appointed to perform an independent third-party storage evaluation of Wintershall Dea and Altera Infrastructure’s CO2 storage license offshore Norway. The two companies were awarded the carbon capture and storage (CCS) license to d

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ABL company to evaluate Norwegian CO2 storage license

AGR, part of energy and marine consultancy group ABL Group, has been appointed to perform an independent third-party storage evaluation of Wintershall Dea and Altera Infrastructure’s CO2 storage license offshore Norway.

The two companies were awarded the carbon capture and storage (CCS) license to develop the Havstjerne CO2 storage site in the North Sea in late March by the Norwegian Ministry of Energy.

AGR’s scope of work includes CO2 storage site screening and characterization for potential CO2 storage, independent third-party storage evaluations, and geological assessment and mitigation of the risks associated with CO2 leakage. The contract value has not been disclosed.

“This project represents a step forward in the global battle against climate change, and we are proud to be involved in such a meaningful project. AGR has previously been involved in two other North Sea flagship projects – the Northern Lights and Greensand in Denmark – and we will utilise this know-how to support Altera Infrastructure and Wintershall Dea on Havstjerne,” said Erik Lorange , Vice President Reservoir Management at AGR.

The Havstjerne reservoir, anticipated to be in operation in 2027, envisions injecting CO2 transported by shuttle tankers and pipeline from multiple carbon capture hubs across mainland Europe.

The CO2 storage site, with an annual capacity estimated at 7 million tonnes per annum (Mtpa), is located 100 kilometers southwest of Egersund, Norway.

AGR has also supported the Norwegian Offshore Directorate in compiling the CO2 Atlas of the Norwegian Continental Shelf (NCS) which documents potential carbon storage sites including storage capacity volumes and site characterizations.

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