RISK management services provider DNV is developing a standard methodology for characterising, selecting and qualifying proper sites for geological storage of CO2 – both offshore and onshore.
This work is being carried out together with Norwegian authorities and more than 10 of the world’s key oil, gas and coal players assembled for this critical joint-industry project.
Partners assembled so far by DNV comprise Gassnova SF – responsible for managing the Norwegian state’s involvement in CCS activities; Gassco; IEA Greenhouse Gas R&D Programme; StatoilHydro; BP; Shell; Petrobras; RWE Dea; Schlumberger; Vattenfall; BG Group, and DONG Energy.
The JIP will focus on:
Providing guidance on the proper management of risks and geological uncertainties.
Providing guidance in deploying concurrent best engineering practices.
Providing open references to ensure the confidence and trust of stakeholders and the public.
Simplifying demonstrations of compliance with legal and regulatory requirements in legislation, directives, conventions and harmonising implementation.
Explaining how to obtain emission reduction credits.
The framework developed by the JIP should also provide a protocol to assist operators, authorities, verifiers and other stakeholders to, for example, manage storage sites in accordance with a transparent, consistent and cost-effective process that meets the expectations of the authorities, stakeholders and general public.