The Norwegian Ministry of Petroleum and Energy has awarded the Trudvang license to Sval and its two partners, Storegga and Neptune Energy. Trudvang can store nine million tons of CO2 annually for at least 25 years.
The Trudvang license is located in the Norwegian North Sea. The reservoir itself is located in the Utsira Formation.
The Trudvang project involves capturing CO2 from several emission sources in North-West Europe and then transporting the CO2 to export terminals. From there, the CO2 will be transported either via ship or pipe to the Trudvang location for injection and permanent storage under the seabed.
