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Reuters Statoil wins prize for burying CO2 under North Sea

Date: 09-Aug-02
Country: NORWAY

Statoil said that it would collect a 2002 technology prize
at the World Petroleum Congress in Rio de Janeiro next month.
Since 1996, Statoil has been injecting carbon dioxide
produced by the Sleipner West natural gas field in the North Sea
into formations about 1,000 metres (3,3001 ft) deep.

It said that emissions of carbon dioxide have been cut by
about one million tonnes per year. Statoil is now studying to
see if the gases stay put or leach upwards.

Statoil is also planning to use the technology at the
Snoehvit field off northern Norway. Carbon dioxide is the main
gas targeted by the international Kyoto pact aimed at helping
reduce emissions of gases blamed by many scientists for pushing
up global temperatures.

© Thomson Reuters 2002 All rights reserved