TotalEnergies looks at CO2 stockage sites off Denmark
by AFP Staff Writers
Paris (AFP) Feb 6, 2023

Oil and gas firm TotalEnergies said Monday it had won two Danish permits to explore creating sites for carbon dioxide storage under the North Sea.

The objective is to find and develop locations that could store as much as five million tonnes of CO2 per year by 2030.

The North Sea is particularly suitable for carbon storage as exhausted oil and gas wells, connected by pipelines, can be used and some undersea aquifers could potentially serve the purpose.

The TotalEnergies permits cover an area of 2,000 square kilometres (770 square miles) some 250 kilometres (150 miles) off the Danish coast -- an area that includes the Harald gas field operated by the firm as well as aquifers.

Polluting industries are looking at carbon capture and storage projects as a way to help reduce their environmental impact, but so far the costs have not been viable.

TotalEnergies did not provide any information on the cost or financing of the project, in which it will hold an 80 percent stake and be operator.

A state-owned Danish firm, Nordsofonden, will hold the remaining 20 percent stake.

Another Danish project managed by INEOS and Wintershall DEA aims to develop a site capable of stocking 13 million tonnes of CO2 per year.

This will be TotalEnergies' fourth such project in the North Sea, with it already involved in similar projects in British, Dutch and Norwegian waters.

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TotalEnergies

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