Petrofac has signed a memorandum of understanding with clean energy outfit Storegga Geotechnologies to develop low carbon projects in the UK.
The MoU outlines collaboration between Petrofac and Storegga on potential business development and project initiatives in carbon capture, use and storage (CCS), hydrogen and other low carbon projects.
The agreement initially covers the UK Continental Shelf and north-west Europe, with scope for the parties to work together internationally.
Petrofac was recently awarded a project management office support contract for the Acorn project with Pale Blue Dot, of which Storegga is the holding company.
Petrofac engineering and production services chief operating officer and global corporate development officer John Pearson said: “Like our existing offshore wind portfolio, CCS, hydrogen and other low carbon technologies require the complex engineering, project management and asset management capability we have developed in oil and gas.
“We very much look forward to having the opportunity to leverage our experience – from concept to commissioning – to work with Storegga to bring viable projects through to fruition and help drive the UK’s Energy Transition.”
Storegga Geotechnologies chief executive Nick Cooper added: “There is great value in Storegga working with companies such as Petrofac to bolster our engineering and project management capability.
“This will enable Storegga to accelerate the delivery of our CCS and hydrogen projects in support of the energy transition. We very much look forward to collaborating on future opportunities.”