France-headed multi-energy major TotalEnergies SE has announced that it has been awarded two licenses to explore carbon dioxide storage potential in the Danish North Sea.
The licenses are located 250 kilometers off the west coast of Denmark and cover an area of 2 118 km2.
The area includes the Harald gas fields, currently operated by TotalEnergies, for which it is already assessing carbon dioxide (CO2) storage opportunities within the framework of the Bifrost project, as well as a saline aquifer that could increase CO2 storage volumes and bring a competitive solution to the market.
Alongside state-owned Nordsøfonden (20 percent), TotalEnergies (80 percent) will be the future operator of the offshore CO2 storage licenses.
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, SVP of New Business – Carbon Neutrality at TotalEnergies.
The company will carry out evaluation and appraisal work to develop a project that could ultimately transport and permanently store more than five million tonnes of CO2 per annum, by repurposing existing infrastructure in the Danish North Sea and building new facilities.
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 ten million tonnes per year of CO2 storage by 2030 and to the decarbonization of the European economy, ended Arnaud Le Foll.
