Denmark: TotalEnergies Obtains Two CO2 Storage Licenses in the Danish North Sea

Paris, February 6, 2023 - TotalEnergies has been awarded two licenses to explore CO2 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 acreage includes the Harald gas fields, currently operated by TotalEnergies, for which the Company is already assessing 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%), TotalEnergies (80%) will be the future operator of the offshore CO2 storage licenses. The Company will carry out 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.”

Read the full press release in the attachment and on the TotalEnergies website

 

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 About TotalEnergies 

 

TotalEnergies is a global multi-energy company that produces and markets energies on a global scale: oil and biofuels, natural gas and green gases, renewables and electricity. Our 100,000 employees are committed to energy that is ever more affordable, cleaner, more reliable and accessible to as many people as possible. Active in more than 130 countries, TotalEnergies puts sustainable development in all its dimensions at the heart of its projects and operations to contribute to the well-being of people. 

 

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