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January 27, 2020

Adnoc and Eni sign carbon capture agreement

By MEED   

Adnoc and Eni will jointly explore opportunities for collaboration in geomechanical and geochemical workflows for carbon capture programmes

Abu Dhabi National Oil Company (Adnoc) has signed a strategic framework agreement with Italian energy company Eni to explore new opportunities for collaboration in carbon capture utilisation and storage (CCUS).

The two companies have also agreed to work on additional strategic opportunities in research and development (R&D) across the oil and gas value chain.

Adnoc Group CEO Sultan al-Jaber and Eni CEO Claudio Descalzi signed the framework agreement.

Adnoc said in a statement that this agreement “builds on Adnoc’s recently announced sustainability goals, particularly its commitment to decreasing its greenhouse gas (GHG) intensity by 25% by 2030.”

Under the terms of the agreement, Adnoc and Eni will jointly explore opportunities for collaboration related to innovative geomechanical and geochemical workflows for CCUS programmes, as well as in advanced analysis and modelling of thermally induced fractures in oil and gas reservoirs.

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Adnoc’s CCUS programme has seen the company establish the Al-Reyadah facility, the first commercial-scale CCUS facility in the Middle East.

Currently, the facility has the capacity to capture 800,000 tonnes of carbon dioxide (CO2) annually. Adnoc plans to expand this capacity to 5 million tonnes of CO2 a year by 2030 by capturing CO2 from its own gas plants.

The planned capacity by 2030 is equivalent to the annual carbon capture capacity of more than 5 million acres of forest.

This article is published by MEED, the world’s leading source of business intelligence about the Middle East. MEED provides exclusive news, data and analysis on the Middle East every day. For access to MEED’s Middle East business intelligence, subscribe here

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