SLB Awarded Carbon Storage Contract for Northern Endurance Partnership Project in UK

SLB
September 18, 2025
SLB has been awarded a technologies and services contract for carbon storage site development in the North Sea by the Northern Endurance Partnership (NEP). NEP is a joint venture developing infrastructure to transport CO2 from the East Coast Cluster to secure storage under the North Sea. Under the contract, SLB will deploy its Sequestri carbon storage solutions portfolio to construct six carbon storage wells. The scope of work includes drilling, measurement, cementing, fluids, completions, wireline, and pumping services, all specifically engineered for carbon storage sites. The NEP infrastructure is crucial for achieving net-zero targets in the UK’s most carbon-intensive industrial regions, with plans to transport and permanently store up to an initial 4 million metric tons of CO2 per year. Start-up of the project is expected in 2028, highlighting SLB's role in large-scale decarbonization efforts. The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.