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The partnership

Trudvang CCS ANS (Trudvang) was established after Sval Energi AS, Storegga Norge AS and Vår Energi Norge ASA received the CO₂ storage license award in September 2023. Sval is the operator of Trudvang and carries out and oversees the day-to-day management of Trudvang’s activities. Vår Energi and Storegga participate with personnel to Trudvang’s project organisation.

Sval Energi AS – Operating Partner (40%)

Sval Energi is an exploration and production (E&P) company with activity on the Norwegian Continental Shelf. Sval has positioned itself as one of the top producers in Norway and operate as a full cycle E&P company through exploration, development, production, and decommissioning.

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Storegga Norge AS – Partner (30%)

Storegga has been active in the UK CCS realm since 2007 and have been leveraging experience from the offshore oil and gas sector to screen, identify and develop geological storage for industrial CO₂ emissions.

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Vår Energi Norge ASA – Partner (30%)

Vår Energi is founded on more than 50 years of operations on the Norwegian Continental Shelf, a robust and diversified asset portfolio with ongoing development projects centered around hubs, and a strong exploration track record.

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Trudvang project benefits from:

  • Solid owners with strong financial backing.
  • Extensive knowledge and experience with CO₂ storage and injection.
  • Strong track record in developing, building and operating large complex offshore oil and gas projects.
  • Highly skilled in project development, business development and financing.
  • Nimble and decisive organisation.