Subsidiaries of Aker Solutions ASA and Dril-Quip Inc. have entered into a collaboration agreement. This is to offer subsea injection systems for carbon capture, utilization, and storage projects.
The agreement focuses on the strengths of both organizations to deliver an optimum solution for carbon capture and storage. Also, it aligns with each parties’ strategic goals of collaboration and partnerships to unlock value for customers.
About Aker Solutions and Dril-Quip Inc.
Aker Solutions, founded in Oslo, Norway; delivers integrated solutions, products, and services to the global energy industry. They enable low-carbon oil and gas production and develop renewable solutions to meet future energy needs.
On the other hand, Dril-Quip Inc. is a leading manufacturer. They produce offshore drilling and production equipment that is apt for use in deepwater applications. Its headquarters are located in Houston, Texas. In addition, they have manufacturing facilities in the U.S., Brazil, Scotland, and Singapore.
The collaboration agreement
Firstly, Dril-Quip will provide Aker Solutions with CO2 injection Xmas trees and wellheads under the agreement. These will fully integrate into a more extensive subsea injection system in order to provide customers with market-leading technology.
In fact, this technology will be purposely designed to inject and store CO2. Accordingly, the arrangement will leverage Aker Solution’s position as an integrated supplier of CCUS systems. It will also include the company’s control systems and electrification components.
Secondly, under this agreement, Aker Solutions and Dril-Quip will work together to target the Northern Endurance Project in the U.K. Consequently, this will maximize local content from both organizations.
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Northern Endurance Partnership
The Northern Endurance Partnership (NEP) enables the net-zero vision. It provides the common infrastructure needed to capture and transport CO2 from carbon-emitting projects to secure offshore storage in the North Sea. In October 2021, The Northern Endurance Partnership’s East Coast Cluster was selected as a priority cluster in phase-1 of the UK Government’s Carbon Capture, Usage, and Storage cluster sequencing process.
