Petrofac & Storegga to Fast Track Net Zero Infrastructure
Net Zero InfrastructurePetrofac

Petrofac & Storegga to Fast Track Net Zero Infrastructure

Petrofac, the leading international service provider to the energy sectors, has entered a global Technical Delivery Alliance with Storegga, an independent UK

Petrofac, the leading international service provider to the energy sectors, has entered a global Technical Delivery Alliance with Storegga, an independent UK company pioneering carbon reduction and removal for a net zero world. Under the Alliance, Petrofac will provide capabilities, people, processes and systems to reinforce the technical development and management of Storegga’s growing portfolio. This support will both accelerate and de-risk Storegga’s low carbon initiatives.

The TDA enables Petrofac and Storegga to combine their respective strengths; Petrofac as an established global engineering, project delivery and operations company providing life-of-asset solutions, and Storegga as a well-funded independent with proven, entrepreneurial development skills.

Today’s announcement builds on a previous Memorandum of Understanding, which positioned Petrofac and Storegga to collaborate on areas of business development. The strategic TDA enables infrastructure development, execution and operation; reinforcing Storegga’s operating capability and ambition to expand its portfolio in the fast-moving low carbon energy transition.

With an extendable multi-year term and global remit, this partnership is anticipated to make a major contribution to delivering the 2030 and 2050 emission reduction targets here in the UK and internationally.Petrofac, the leading international service provider to the energy sectors, has entered a global Technical Delivery Alliance with Storegga, an independent UK company pioneering carbon reduction and removal for a net zero world. Under the Alliance, Petrofac will provide capabilities, people, processes and systems to reinforce the technical development and management of Storegga’s growing portfolio. This support will both accelerate and de-risk Storegga’s low carbon initiatives.

The TDA enables Petrofac and Storegga to combine their respective strengths; Petrofac as an established global engineering, project delivery and operations company providing life-of-asset solutions, and Storegga as a well-funded independent with proven, entrepreneurial development skills.

Today’s announcement builds on a previous Memorandum of Understanding, which positioned Petrofac and Storegga to collaborate on areas of business development. The strategic TDA enables infrastructure development, execution and operation; reinforcing Storegga’s operating capability and ambition to expand its portfolio in the fast-moving low carbon energy transition.

With an extendable multi-year term and global remit, this partnership is anticipated to make a major contribution to delivering the 2030 and 2050 emission reduction targets here in the UK and internationally.

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