Vår Energi Enters Carbon Capture and Storage Partnership with NCCS

Vår Energi has entered into a partnership with the Norwegian Carbon Capture & Storage Research Centre (NCCS) to enable fast track CCS technology development and deployment.

The agreement has a total value of NOK 30 million over a six-year period.

“This partnership complements Vår Energi’s research and development portfolio. The company is committed to reduce the emissions of greenhouse gases through CCS technology development,” said Oddvar Ims, R&D manager in Vår Energi.

Vår Energi will contribute by investing NOK 5 million every year for a period of six years. The joint industry project started in 2017 and will continue until 2025.

“It is a proud moment for NCCS to welcome Vår Energi to one of the largest CCS R&D efforts worldwide. Personally, I am sure Vår Energi will bring enlarged momentum to the centre,” said Mona J. Mølnvik, NCCS director and Research Director at SINTEF.

CCS is considered to be one of the most promising solutions to effectively reduce emissions of greenhouse gases on a global scale, as a means of limiting atmospheric CO2 emissions.

The NCCS consortium comprises several oil and gas companies, CCS technology vendors and users in the private and commercial sector. The joint industry project also consists of institutions such as SINTEF, NTNU, UiO, NGI and others.

“Our objective is to further minimize environmental impact in our operations, and reducing greenhouse gas emissions is a key element in our mission. The Vår Energi-operated Goliat field in the Barents Sea demonstrates this commitment by being mainly electrified with power from shore, making it one of the lowest CO2 emitting fields on the Norwegian continental shelf. All initiatives to reduce the carbon footprint are positive, and CCS deployment is an effective measure. We hope that our contribution in addition to others, will further enable NCCS’ progress”, Ims added.

“Supported by the Research Council of Norway and the partnership, NCCS will contribute to the development of cost and energy efficient CCS technologies, smart business models, and CCS deployment at large scale in Norway, Europe and globally”, Mølnvik said.