Eni and Santos have joined forces to identify potential new areas of collaboration in the development of carbon capture and storage or utilisation facilities in the Darwin area, Australia.
The companies announced the strengthened cooperation on Monday (3rd May), as part of a wider agreement which also includes the development of offshore fields, synergies and sharing of infrastructure.
Focusing on the carbon capture aspect of the deal, Eni and Santos said they will explore the potential join development of such facilities, serving not only assets owned by them, but open to any interested third-party project in the Darwin area.
Taking the above into consideration, the duo has a long-term objective of facilitating the creation of a CO2 management hub in the Northern Territory.
... to continue reading you must be subscribed
