SLB annouced that the company has recently entered into an agreement with Aramco and Linde that paves the way for the development of a carbon capture and storage (CCS) hub in Jubail, Saudi Arabia, that is expected to become one of the largest globally.
The first phase of the project is expected to capture and store up to nine million metric tons of CO2 annually, with construction completed by end of 2027. Later phases are expected to further expand its capacity.
The captured CO2 will be transported through a pipeline network and stored below ground in a saline aquifer sink, leveraging the Kingdom’s significant geological potential for CO2 storage.
The project supports Aramco’s ambition to achieve net-zero Scope 1 and Scope 2 greenhouse gas emissions across its wholly-owned operated assets by 2050, and its interim target of reducing upstream carbon intensity by 15% by 2035.
