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Norwegian Government proposes state contribution for funding of CCS exploration well

11th April 2019

As part of the Norwegian full-scale carbon capture and storage-project (CCS),the Norwegian Government will propose to the Parliament that the Norwegian state contributes with funds for an exploration well for CO2-storage on the Norwegian Continental Shelf (NCS).

Pending the Parliament's consent, the Norwegian state will fund most of the cost for the exploration well. The total estimated costs are NOK 535 million. The state's share of the costs will be 75 per cent, with an upward limit of NOK 345 million.

Read the full press release here. 

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