Friday, October 7, 2022

Guyana offshore driller Stena enters major partnership for decarbonization exploration

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Stena Drilling, the company that operates the Stena Carron rig currently exploring for hydrocarbons offshore Guyana, has entered into a strategic framework agreement for decarbonisation exploration with UK based dCarbonX to support the development of offshore “geoenergy” resources.

Both parties are interested in offshore decarbonisation exploration drilling as a new, innovative, and sustainable enabler of the energy transition, Stena said on Wednesday.

The companies will work together to engineer solutions to discover and develop subsurface assets for combinations of geothermal energy, molecular energy storage, and carbon sequestration.

Erik Ronsberg, CEO of Stena Drilling said: “We’re pleased to sign an agreement with dCarbonX to advance our journey in the Energy Transition. This innovative partnership dovetails well with the work Stena is doing in sustainability, research into cleaner fuels and emissions reduction. By employing the skills that our company has built up over the years and utilising our drilling units to explore for geothermal energy, CO2 and other gas storage locations which dCarbonX have identified, we will be able to play a positive part as the first “Decarbonisation Exploration Driller” working towards a low carbon future.”

Tony O’Reilly, CEO of dCarbonX said: “Stena Drilling is the obvious strategic partner for our future offshore Decarbonisation Exploration activities given its world class fleet of modern drillships and semi-submersible offshore drilling units. Stena’s corporate commitment and demonstrated track record in safety, environmental stewardship and innovation are further compelling reasons for this partnership. We look forward to working with Stena on delivering our exciting forward programme of GeoEnergy projects.”

The Stena Carron drillship is currently conducting an exploration campaign at the Bulletwood-1 prospect in the Canje block offshore Guyana and the Stena DrillMAX is set to join the ExxonMobil Guyana fleet this year. Stena is on contract with ExxonMobil to provide services in the Guyana deepwater basin.

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