Sval Energi AS selects CMG’s integrated CCS workflow for Trudvang CO2 storage project

CALGARY, Alberta, Aug. 1, 2024 (GLOBE NEWSWIRE) — Computer Modelling Group Ltd. (“CMG” or the “Company”) (TSX: CMG) is pleased to announce that its comprehensive carbon capture and storage (CCS) solution has been selected by Sval Energi AS to support the Trudvang project, located in the Norwegian North Sea.

The Trudvang project involves capturing CO₂ from various industrial emissions sources in Northern Europe and transport it, via ships or pipelines, to the Trudvang storage facility for injection and permanent storage under the seabed. The project has the potential to store nine million tonnes of CO₂ annually and aims to store CO₂ and 2029.

Sval Energi AS, as operator of the Trudvang exploration license, manages and supervises all aspects of CO₂ transport and storage in cooperation with license partners Vår Energi ASA and Storegga Norge AS. The success of the project depends on integrating every facet of the CCS value chain, from subsurface to surface, to deliver reliable, risk-free CO₂ storage and operational excellence. This requires a comprehensive solution that can address both short-term issues, such as well start-up, and long-term challenges such as predicting CO2 emissions.₂ injection conditions for permanent storage.

The integrated CCS workflow, powered by CMG’s CoFlow^TMCO2LINK and GEM^TMand Kongsberg Digital’s LedaFlow®, combines reservoir simulation, geochemistry and geomechanics, steady-state and transient wellbore analysis and surface pipeline network simulation into one comprehensive, interactive CO₂ model. This integrated approach provides a holistic view of the entire CO₂ storage process, allowing operators to optimize the design and operation of storage sites and ensure that CO₂ is safely injected and permanently stored. It also helps to mitigate risk, improve efficiency and reduce costs by enabling better planning and decision-making throughout the project lifecycle.

“We are pleased to support Sval Energi AS in this important project,” said Pramod Jain, CEO of CMG. “An integrated model during the early planning stages will make the project successful. In the long term, CMG’s CCS workflow solution can continue to support optimal project execution, reduce costs and risks, and ensure the project continues with its vision of contributing to a more sustainable future.”

The Trudvang project is the first to benefit from the joint industrial project led by CMG and Kongsberg Digital, which resulted in the development of CO2LINK. CO2LINK is now a key part of the CMG CCS workflow, integrating Kongsberg’s advanced transient multiphase flow simulation with CMG’s leading software for complex subsurface carbon storage.

More information about the Trudvang Project can be found here.

About CMG

CMG (TSX: CMG) is a global software and consulting company that combines science and technology with deep industry expertise to solve complex subsurface and surface challenges for the new energy sector around the world. CMG is headquartered in Calgary, AB, with offices in Houston, Oxford, Dubai, Bogota, Rio de Janeiro, Bengaluru and Kuala Lumpur. For more information, visit www.cmgl.ca.

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