TotalEnergies has won two licenses to study the Danish North Sea’s capacity for CO2 storage.
The licenses are located 250 kilometers off the west coast of Denmark and cover an area of 2,118 km2.
The acreage includes the Harald gas fields, which are currently operated by TotalEnergies, and a saline aquifer that could increase CO2 storage volumes and offer a competitive solution to the market. The company is already evaluating CO2 storage opportunities for Harald gas fields as part of the Bifrost project.
Future operators of the offshore CO2 storage permits will be TotalEnergies (80%) and the state-owned Nordsfonden (20%). The Company will implement evaluation and appraisal work to develop a project that could ultimately transport and permanently store more than 5 Mt CO2/year, by repurposing existing infrastructure in the Danish North Sea and building new facilities.
“TotalEnergies is pleased to have been awarded these two CO2 storage licenses in Denmark. With its large geological storage potential and its proximity to major industrial emitters in Central Europe, Denmark can play a leading role in carbon capture and storage on the continent,” said Arnaud Le Foll, Senior Vice President New Business – Carbon Neutrality at TotalEnergies. “With the Northern Lights project under construction in Norway and projects under development in the Netherlands and the UK, the North Sea area will be the main contributor to our objective of 10 Mt/y of CO2 storage by 2030 and to the decarbonization of the European economy.”