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Norwegian Carbon Capture and Storage Projects Helge Lund, President & CEO Capital Markets Update 8 June 2005 Tor Fjæran, Senior Vice President Corporate HSE, Statoil 1st International Conference on Clean Development Mechanisms Riyadh, Saudi Arabia 19-21. September 2006
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2 Carbon Capture and Storage Projects Sleipner Snøhvit Norway Halten CO 2
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3 The Sleipner experience – our starting point Started in 1996 separating and injecting 1 mill. tons CO 2 annually Storing in saline aquifer above reservoir Global demostration case 199619992001
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5 Sleipner CO 2 dissolution model After 25 yrs After 400 yrs After 600 yrsAfter 3000 yrsAfter 5000 yrs Source: Gemini No. 1, 2004 (NTNU and Sintef)
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6 Snøhvit LNG – offshore piped and stored CO 2 Starts in 2007 Piped CO 2 from onshore LNG plant Storing 700.000 tons CO 2 annually Injecting below reservoir
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7 Snøhvit – Gas and CO 2 flow OFFSHORE CO 2 Wellstream ONSHORE
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8 Reinjecting 700.000 tons CO 2 /year
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9 The Halten CO 2 Project
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10 Halten CO 2 value chain principles Power plant 2011/12 Heidrun 2018/24 Gas EOR Oil CO2 Capture 2011/12 CO 2 quotas Draugen 2011/12 Electricity Heat Electricity CO 2 Oil Gas
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11 An Industrial Solution A win-win-win for: Industry – Large-scale CO 2 for EOR – Improved security of supply Environment – Reduction of CO 2 and NOx emissions through offshore electrification – Industrial utilisation of greener fossil fuel technologies with a global market potential Society – Prolonged field life and increased oil recovery – National electricity grid benefits Society Environment Industry
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12 R&D key to future solutions TRUSTTRUST COSTCOST Storage Capture OK! Transport - Pipeline - Ship SACS CASTOR-S CO 2 STORE CO 2 SINK CO 2 ReMoVe ? Dynamis ? ENCAP CASTOR-C Hypogen Coal? Hypogen Gas? 2005 CO 2 NET GESTCO
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13 Summary and conclusions CCS technically proven Enormous potential Value chain approach Financial mechanisms key to initiate projects Key element in meeting the global climate challenge
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