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    Total-Eni partnership in offshore gas drilling

    Gulf of Mexico Drilling Rights Bids Fetch $263.8 mln To US

    Atlas Petroleum, partners advance Venus oil discovery offshore Equatorial Guinea

    DeepOcean charters offshore support vessel to strengthen customers oil and gas, renewables assets

    DeepOcean charters offshore support vessel to strengthen customers oil and gas, renewables assets

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    UN Condemns Energy Giants For Ignoring Science of All Things

    Global oil and gas projects pipeline at US$4 trn

    BP begins gas production at West Nile Delta project

    BP begins gas production at West Nile Delta project

    Bechtel and Cheniere Deliver LNG Ahead of Schedule on US Gulf Coast

    Bechtel and Cheniere Deliver LNG Ahead of Schedule on US Gulf Coast

    ABB wins $79m order for Bab onshore project in Abu Dhabi

    Phillips 66 and Bridger Pipeline LLC Announce Open Season for Rockies and Bakken Crude Oil Pipeline System

    Phillips 66 and Bridger Pipeline LLC Announce Open Season for Rockies and Bakken Crude Oil Pipeline System

    BHP successful in bids for blocks in the offshore Orphan Basin in Eastern Canada

    Operational excellence and safety continue to be a key driver in oil and gas sector

    Gazprom plans to carry forward cost efficient in 2018

    TGS announces new seismic project in the Anadarko basin

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    Santos receives major approval for oil and gas development offshore Western Australia

    Eni, Repsol press Maduro for more control to increase oil production from Venezuelan oil fields

    chevron invests in carbon capture and removal technology company, svante

    bp looks to further developments at Tangguh with PSC extension

    Falcon Oil & Gas completes successful drilling operations in Australia

    N’GENIUS solution on the horizon for oil, gas and LNG industry

    QatarEnergy, GE to develop carbon capture roadmap

    QatarEnergy, GE to develop carbon capture roadmap

    Equinor Energy

    Transocean secures offshore drilling rig contract from Wintershall and OMV

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    CNOOC Limited Announces Caofeidian 11-1/11-6 Oilfield Comprehensive Adjustment Project Commences Production

    Vital Energy acquires oil production assets in Permian basin for $128 million

    INPEX sells Eagle Ford tight oil production and development assets to Repsol

    Matador Resources acquires Delaware basin assets for $1.6 billion

    Funding For Oil And Gas Industry Is Evolving Dramatically

    Marathon Oil Completes Eagle Ford Acquisition

    Neptune Energy producing natural gas from Merakes project in Indonesia

    Fresh Gas Supply Need Is Created By Australian Energy Crisis

    Chevron Announces $15 Billion Capital and Exploratory Budget for 2022

    Chevron Announces $15 Billion Capital and Exploratory Budget for 2022

    Aramco announces second quarter and half-year 2021 results

    Aramco announces second quarter and half-year 2021 results

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3 Permits Awarded For Full Scale CO2 Storage In Denmark

venkat by venkat
February 7, 2023
in News, Upstream
0

In what was the first round of tenders when it comes to the storage of CO2 in the Danish North Sea, a total of three permits have been awarded- 1 to Wintershall Dea and INEOS E&P consortium and 2 to TotalEnergies EP Danmark.

The applications were reviewed by the Danish Energy Agency, post which technical as well as financial capacity was assessed of the work programs that the companies had shown.

The permits covered areas across old spent oil and gas fields and also the previously undiscovered saline porous sand layers, which were located at a depth of 1-2 km under the seabed. It is said they contain all the geological structures that are a must when it comes to future permanent CO2 storage locations.

The licence allocation takes place after a report is submitted to the Norwegian parliament by the Danish Minister for Climate, Energy, and Utilities seeking which permits he intends to issue. The design as well as the timing of the final concrete CO2 storage facilities will be based on investigation and research work in the future. Before their establishment, the concrete projects have to be approved by the Danish Energy Agency.

Permits can be granted initially for discovery for up to six years, during which the company that is exploring gets exclusive rights to the area. If in case, a suitable site is found for CO2 storage, there is a provision for an extension of the permit for up to 30 years in terms of storage. There is an estimation made by the Geological Survey of Denmark and Greenland that the underground elements in Denmark may contain almost DKK 22bn tonnes of CO2, which is as good as 500 to 1000 years of Danish emissions when we talk of the current levels.

Apparently, the Danish Energy Agency granted its first-ever CO2 storage permit to INEOS E&P and Wintershall Dea at the end of 2022.

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