Three oil and gas companies have confirmed the award of new CO2 storage licenses in the North Sea as part of the sixth call for CO2 storage on the Norwegian Continental Shelf (NCS) launched by Norway’s Ministry of Energy. Two of these firms will be on the same CO2 storage team as both won stakes in the same license, turning them into partners.
The first storage license, named Atlas , was awarded to a group comprising Aker BP and PGNiG Upstream Norway . This license is located in the Norwegian sector of the North Sea, near the Yggdrasil area, where Aker BP operates the Yggdrasil field development project. The firm explained that it is looking into CO2 storage options on the NCS as a potential new business venture and part of its decarbonization agenda.