SLB has been awarded a technologies and services contract by the Northern Endurance Partnership (NEP) for carbon storage site development in the North Sea.
NEP, a joint venture between energy giants bp, Equinor and TotalEnergies, is tasked with developing the necessary infrastructure to transport CO₂ from capture sites across Teesside and the Humber to secure storage under the North Sea.
This initiative is part of the broader East Coast Cluster, aimed at reducing the carbon footprint of these heavily industrialised areas.
SLB will utilise its Sequestri carbon storage solutions portfolio to construct six carbon storage wells.
The comprehensive project scope includes a suite of services such as cementing, completions, drilling, fluids, measurement, pumping and wireline.
SLB industrial decarbonisation senior vice-president Katherine Rojas said: “Technologies and services tailored for carbon storage will play a critical role in shifting the economics and safeguarding the integrity of carbon storage projects before and after the FID [final investment decision].
“We are excited to be a part of this groundbreaking CCS [carbon capture and storage] project in the UK, leveraging the proven carbon storage technologies in our Sequestri portfolio and our extensive expertise delivering complex CCS projects around the world.”
The NEP's infrastructure will play a pivotal role in the UK's transition to net zero, particularly in its most carbon-intensive regions.
The Endurance saline aquifer and adjacent stores offer a substantial storage capacity of up to one billion tonnes of CO₂.
Initially, the infrastructure aims to transport and permanently store up to four million tonnes of CO₂ per year, with operations expected to commence in 2028.
This development comes on the heels of SLB's recent acquisition of ChampionX, which was first announced in April of the previous year.
Following final regulatory approval from UK authorities, ChampionX shareholders received 0.735 shares of SLB common stock for each ChampionX share they held.
