Common use of Timeline of development activities Clause in Contracts

Timeline of development activities. The durations of the various stages in the development of CO2 stores is largely based on the experience from the ROAD Project. 1. Feasibility stage 2. FEED 3. Contracting & procurement 4. Construction & commissioning Year 6 Year 5 Year 4 Year 3 Year 2 Year 1 Stage/milestone Figure 7-1 Stylized planning scheme for store development inspired by the ROAD project; durations may be extended or shortened due to for example synergy effects in clustering activities for several reservoirs or specific engineering or construction challenges for platforms or ▇▇▇▇▇. In practice the extension of durations may result in partly overlapping stages.

Timeline of development activities. The durations of the various stages in the development of CO2 stores is largely based on the experience from the ROAD Project. Project are summarised in Figure 7-1. Stage/milestone Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 1. Feasibility stage stage EIA procedure Storage permit procedure 2. FEED FEED FID 3. Contracting & procurement procurement 4. Construction & commissioning Year 6 Year 5 Year 4 Year 3 Year 2 Year 1 Stage/milestone Figure 7-1 Stylized planning scheme for store development inspired by the ROAD project; durations may be extended or shortened due to for example synergy effects in clustering activities for several reservoirs or specific engineering or construction challenges for platforms or ▇▇▇▇▇. In practice the extension of durations may result in partly overlapping stages.Start operation