A deal that aims to advance carbon capture and storage (CCS) in the Dutch North Sea was signed today (20th June) through a Cooperation Agreement.
The agreement aims to take the L10 CCS development to the concept select stage and have the project FEED-ready by the end of the year (2022).
Neptune Energy, ExxonMobil Subsidiary XTO Netherlands, Ltd., Rosewood Exploration Ltd., and EBN Capital B.V. intend to combine their respective expertise within the energy industry to develop the L10 project.
Stating that CCS is crucial for achieving Dutch climate goals for 2030, Lex de Groot, Managing Director in the Netherlands, Neptune Energy, added, “This next important step will enable us to jointly develop one of the largest CCS facilities in the North Sea.”
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