Norway said it has awarded two licences to explore for carbon dioxide (CO2) storage sites in the North Sea - one to Aker BP and a partner, and another to Germany's Wintershall Dea (WINT.UL) and its partner.
It is the second time that Wintershall Dea has been awarded a CO2 storage licence in Norway, while it is the first licence for Norway's second-largest listed oil and gas firm Aker BP.
Aker BP, which has a 60% stake in the licence called Poseidon, said the site could store more than 5 million tonnes of CO2 per year under the seabed. Wintershall Dea has partnered with Altera Infrastructure Group through its subsidiary Stella Maris CCS AS to explore for another CO2 storage site in the North Sea.
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