The company has made a major oilfield discovery of Huizhou 19-6 in the deep and ultra-deep plays of the South China Sea, which adds over a hundred million tons of oil equivalent in place.
The agreement concerns the construction of new biorefineries, the conversion of traditional refineries into biorefineries and generally, the development of new initiatives by Eni in the field of industrial transformation.
The second phase of the Northern Lights development will increase the project transport and storage capacity from 1.5 million to more than 5 million tons of CO2 per year from 2028.
TechnipFMC will design, manufacture, and install subsea production systems, umbilicals, and rigid pipe that will tie new templates into the existing Johan Sverdrup field center.
The consortium will continue the operations to fulfill the well’s drilling project up to the planned final depth and characterize the conditions of the reservoirs found.