Commitment to standardization enables accelerated, de-risked subsea CO2₂ injection delivery

HOUSTON, June 25, 2025 — SLB (NYSE: SLB) today announced the award of an engineering, procurement and construction (EPC) contract by Equinor (Technical Service Provider) to its OneSubsea™ joint venture for a CO₂ subsea injection system for the Northern Lights phase two project offshore Norway.

The final investment decision for phase two was made by the Northern Lights’ owners TotalEnergies, Shell and Equinor following a commercial agreement with an end-use customer, marking a decisive milestone for the adoption of carbon capture and storage (CCS) at scale. The SLB OneSubsea scope includes two new satellite subsea CO₂ injection systems with associated tie-in equipment. Work has already commenced, with first deliveries expected in 2026.

The award follows the successful delivery of two subsea injection systems for the first phase of this project in 2023. Northern Lights is part of the world’s first open-source, full-scale value chain for CO₂ capture, transport, and storage services. Phase two will increase the current capacity from 1.5 million to a minimum of 5 million tonnes of CO₂ per year. Northern Lights phase two is also enabled by a grant from the Connecting Europe Facility for Energy (CEF Energy) funding scheme.

“Equinor’s enduring commitment to subsea standardization is now yielding substantial benefits across new offshore value chains, including CO₂ storage. By utilizing standardized components, we achieve reduced risk and economies of scale, which enhance both traditional and innovative subsea projects,” said Mads Hjelmeland, CEO of SLB OneSubsea. “The Northern Lights project is pivotal for Europe’s path toward net-zero emissions, and it is well aligned with our own strategy to expand the frontiers of subsea for a sustainable energy future.”

In May 2025, Northern Lights received confirmation that all the required permits are in place to start injecting and storing CO₂ in the Aurora CCS license in the North Sea. Phase one development of Northern Lights is completed, fully booked and ready to receive CO₂ from industrial customers. Operations are scheduled to begin in the second half of 2025.

About SLB
SLB (NYSE: SLB) is a global technology company that drives energy innovation for a balanced planet. With a global footprint in more than 100 countries and employees representing almost twice as many nationalities, we work each day on innovating oil and gas, delivering digital at scale, decarbonizing industries, and developing and scaling new energy systems that accelerate the energy transition. Find out more at slb.com.

About SLB OneSubsea
SLB OneSubsea is driving the new subsea era that leverages digital and technology innovation to optimize our customers’ oil and gas production, decarbonize subsea operations, and unlock the large potential of subsea solutions to accelerate the energy transition. SLB OneSubsea is a joint venture backed by SLB, Aker Solutions, and Subsea7 headquartered in Oslo and Houston, with 10,000 employees across the world. Find out more at onesubsea.slb.com. 

About Northern Lights
Northern Lights has developed the world’s first open-source CO₂ transport and storage infrastructure. Northern Lights is owned by Equinor, Shell and TotalEnergies. Northern Lights is part of the Norwegian full-scale CCS project called “Longship”. The full-scale project includes capture of CO₂ from industrial sources and shipping of liquid CO₂ to an onshore terminal on the Norwegian west coast. From there, the liquified CO₂ will be transported by pipeline to an offshore storage location subsea in the North Sea, for permanent storage.

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