London-based energy company Storegga Geotechnologies has strengthened an agreement with Petrofac that the companies hope will lead to the speedier delivery of lower-carbon projects.
The companies have signed a so-called technical delivery alliance — or TDA — which builds on a memorandum of understanding from last year.
Under the new alliance, Petrofac will provide “capabilities, people, processes and systems” to help support the technical development and management of Storegga’s growing project portfolio.
The companies said the TDA marries Petrofac’s engineering, project delivery and operational expertise to Storegga’s project development capability and will both “accelerate and de-risk” low-carbon initiatives.
Nick Cooper, Storegga chief executive, said: “Storegga has greatly benefited from close co-operation with Petrofac to date.
“These collaborative working practices are essential to fast-track delivery of critical net zero (emissions) infrastructure.
“The alliance will progress net zero projects from initial concept, through development, to full operations. Storegga’s mission is to rapidly deliver world scale carbon reduction and carbon removal projects at the pace so urgently needed.”
John Pearson, chief operating officer of new energy services at Petrofac, said: “Achievement of the UK’s net-zero ambition is very much contingent on the supply chain’s ability to fast track project delivery.
“Through this innovative industry alliance, we will have the strengths and capabilities required to execute those projects and drive the transition. By developing capacity early, and anchoring jobs to the UK, the alliance will ultimately support future export potential.
“We are thrilled to build on our existing relationship with Storegga, in support of each company’s stated growth ambitions in the new energy sector.”
London-based Storegga recently started design and engineering work on a groundbreaking 500,000 to 1 million tonnes per annum direct air capture (DAC) plant destined to be built in Scotland, UK.
Storegga — operator of the Acorn carbon capture and storage and hydrogen project in north-east Scotland — is working with Canadian player Carbon Engineering (CE) on the project, with the duo aiming to bring the facility online in 2026.
