Schlumberger secures carbon storage contract for North Sea project
NEW YORK (dpa)The US energy company Schlumberger has secured a technologies and services contract for a carbon storage site development in the North Sea, the company announced on Tuesday.The infrastructure is set to transport and permanently store up to an initial 4 million metric tons of carbon dioxide (CO2) per year, with start-up expected in 2028.The contract, agreed with the Northern Endurance Partnership (NEP), includes drilling, measurement, cementing, fluids, completions, wireline, and pumping services.Schlumberger, noew rebranded as SLB, will use its Sequestri carbon storage solutions portfolio featuring technologies designed for carbon storage site development to build six carbon storage wells.NEP is a joint venture formed by BP, Equinor, and TotalEnergies. It is developing both onshore and offshore infrastructure to transport CO2 from carbon capture projects in Teesside and the Humber, together called the East Coast Cluster, for permanent storage under the North Sea.
Schlumberger shares were 0.34% higher on Tuesday at $33.66 on the New York Stock Exchange.
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