Equinor Receives New Licenses To Advance North Sea Storage Project

Equinor Receives New Licenses To Advance North Sea Storage Project - Carbon Herald

Equinor has been given approval by the Norwegian Ocean Industry Authority (Havtil) for multiple drilling and development projects, allowing it to advance its carbon storage plans.

The new licenses granted to Equinor demonstrate a significant step forward in the company’s commitment to reducing carbon emissions and contributing to the energy transition.

One of the greenlighted licenses is for a proposal to drill three appraisal wells in blocks 32/4 and 32/7 located in the North Sea as a component of Equinor’s Smeaheia carbon capture and storage project, which will connect European businesses to a North Sea storage site via the CO2 Highway Europe pipeline. 

The scheme includes plans for drilling three wells: 32/7-1 (Gamma), 32/7-U-1 (Gamma Pilot), and 32/4-4 (Alpha), all to be completed at a water depth of approximately 300 meters.

Relevant: Denmark Awards Equinor With CO2 Storage Exploration Permit

A separate approval allows the company to move forward with the development of the Eirin field, which is located in the central Norwegian North Sea. 

The project will involve connecting two wells to the existing Gina Krog platform through subsea tiebacks, with production set to begin in 2025. This development aligns with Equinor’s efforts to expand its presence in the region and capitalize on the potential of the North Sea resources.

Equinor has also been granted permission to begin utilizing the different structures of the newly constructed Johan Castberg FPSO in the Barents Sea, including the accommodations, helicopter landing areas, safety equipment, and cranes. 

Read more: Equinor And GRTgaz Collaborate On New CO2 Transport System Development

Located 100 km northwest of the Snøhvit field at water depths of 370 m, the FPSO will be connected to 18 horizontal production wells and 12 injectors to receive production from the Skrugard, Havis, and Drivis discoveries. 

Equinor plans for the first oil production from this project to commence in Q4 of this year.

These licenses will enable Equinor to further solidify its position as a leader in the oil and gas industry. With this significant progress, the company can continue to innovate and invest in new technologies and infrastructure to support their long-term growth and success in the North Sea region.

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