SLB CCUS End-to-End Strategy, 1 M Ton/yr Capacity, Northern Endurance Partnership Contract, and 7 Installations (2025)

Full-Cycle CCUS Projects, SLB Launches 2 Business Lines to De-Risk Adoption

In 2025, SLB executed a decisive strategic pivot to become an end-to-end integrator for Carbon Capture, Utilization, and Storage (CCUS) projects, moving beyond its traditional role as an oilfield services provider. This strategy is built on two new, distinct commercial pillars: the SLB Capturi business for modular point-source capture and the Sequestri™ portfolio for comprehensive carbon storage solutions. By creating an integrated offering that covers the entire value chain, SLB aims to de-risk complex decarbonization projects for industrial clients, simplifying project management and reducing financial uncertainty.

SLB Capturi Commercialization

The commercialization of SLB‘s capture technology accelerated significantly in 2025, demonstrating its readiness for industrial-scale deployment. This modular approach is designed to make carbon capture more accessible and economically viable for hard-to-abate sectors.

• In January 2025, the first SLB Capturi modular carbon-capture plant became operational, a key milestone validating the technology’s application in real-world conditions.
• The company confirmed that a total of seven technology installations were underway, collectively targeting a capture capacity of up to 1 million tons of CO₂ per year across industries like cement and waste-to-energy.
• This commercial momentum was reinforced by the award of an Engineering, Procurement, Construction, Installation & Commissioning (EPCIC) contract for the Hafslund Celsio waste-to-energy facility in Europe, a project central to building a complete regional CCS value chain.

Sequestri™ Storage Portfolio Launch

To complement its capture capabilities, SLB launched a dedicated carbon storage business to address the critical subsurface challenges of sequestration. The Sequestri™ portfolio leverages SLB‘s deep geological and well-engineering expertise to streamline the development of secure, permanent storage sites.

• Introduced on June 16, 2025, the Sequestri™ portfolio offers integrated technologies and services designed to manage the complexities of site selection, characterization, well design, and long-term monitoring.
• The offering builds upon SLB‘s extensive experience from over 150 previous CCUS projects, packaging this expertise into a standardized, de-risked solution for customers.
• The credibility of the Sequestri™ portfolio was immediately validated with a major contract award for the Northern Endurance Partnership project in the UK, one of Europe’s largest and most significant CCS initiatives.

SLB Secures 2 Key Contracts for European and UK Market Entry (2025)

In 2025, SLB secured pivotal contracts that validated its end-to-end CCUS strategy and established a strong commercial foothold in the strategic European market. These agreements demonstrated market confidence in both the SLB Capturi (capture) and Sequestri™ (storage) business lines, proving their viability shortly after launch.

Northern Endurance Partnership Contract

The contract for the Northern Endurance Partnership project marks a significant commercial victory for SLB‘s newly launched storage portfolio. This initiative is a critical component of the UK’s industrial decarbonization plans.

• Awarded in July 2025, the contract involves the deployment of the Sequestri™ carbon storage portfolio to develop the offshore CO₂ transport and storage system for the East Coast Cluster.
• This project solidifies SLB‘s role as a key technology and service provider in one of Europe’s most advanced CCS hubs, which is also led by major operators like BP and Equinor.

Hafslund Celsio EPCIC Award

The contract at the Hafslund Celsio facility demonstrates the commercial application of SLB‘s modular capture technology in the hard-to-abate waste-to-energy sector. This project is a cornerstone of Europe’s efforts to create a fully integrated CCS value chain.

• Announced in January 2025, the EPCIC contract was awarded to a partnership including SLB Capturi and Aker Solutions to deliver a carbon capture solution in Oslo, Norway.
• The project showcases SLB‘s strategy of deploying modular plants at industrial sites to provide a standardized, scalable method for emissions reduction.

Table: SLB Strategic CCUS Partnerships and Contracts (2025)

Europe and US Markets, SLB’s Targeted CCUS Commercialization Strategy

In 2025, SLB focused its CCUS commercial activities primarily on Europe and the United States, implementing a tailored strategy for each region. The approach leverages Europe’s strong regulatory frameworks and industrial clusters while capitalizing on powerful financial incentives in the U.S. to drive adoption.

European Industrial Hub Strategy

SLB is embedding its technology within Europe’s developing industrial decarbonization hubs. This strategy relies on forming partnerships to build complete value chains connecting emissions sources to permanent storage sites.

• Key projects like the Northern Endurance Partnership in the UK and the Hafslund Celsio plant in Norway position SLB as an essential technology partner within large-scale, cross-industry decarbonization ecosystems.
• The company’s first complete value chain for carbon capture and storage became operational in Europe in June 2025, highlighting the region’s rapid pace of deployment and SLB‘s role in it.

US Market Driven by 45 Q Incentives

In the United States, SLB‘s strategy is heavily supported by a favorable policy environment. The Inflation Reduction Act’s enhancements to the Section 45 Q tax credit create a compelling business case for industrial emitters to invest in CCS technology.

• The 45 Q tax credit, which in 2025 offers up to $85 per tonne for CO₂ captured from industrial sources and permanently stored, is a critical market driver stimulating project investment.
• This financial incentive makes SLB’s modular capture and integrated storage solutions economically attractive to a wide range of U.S. industries seeking to decarbonize their operations.

CCUS Market to Skyrocket 11x by 2035, Driven by Capture Technologies
The Global Carbon Capture, Utilization, and Storage (CCUS) market is projected to surge from $6.74 billion in 2025 to $75.92 billion by 2035, reflecting an impressive 27.4% CAGR. The ‘Capture” segment consistently represents the largest portion of this market.

Capture Dominance Highlights Core Decarbonization Investment
The sustained dominance of the ‘Capture” segment underscores its foundational role in industrial decarbonization. This growth is critical for achieving net-zero goals, as industries face escalating pressure and incentives to invest in direct emissions reduction, signaling robust demand for advanced capture solutions.

(Source: EVOLVANCE MARKET RESEARCH — via Carbon Capture and Storage Market Size, Forecast 2025-2034)

1 M Ton/yr Capacity, SLB Validates Modular Capture Technology at Scale

In 2025, SLB‘s carbon capture technology transitioned from pilot-phase validation to full commercial maturity, demonstrated by operational deployments and confirmed cost-competitiveness. The company’s strategic shift toward standardized, proprietary solutions for both capture and storage was validated by the successful operation of its modular systems at an industrial scale.

SLB Capturi’s Modular Approach

The SLB Capturi business line is centered on a modular, repeatable deployment model to lower costs and shorten project timelines. This productized approach marks a significant evolution from customized, one-off engineering projects.

• The first SLB Capturi modular plant became operational in January 2025, serving as a critical proof point for the technology’s readiness and reliability in an industrial setting.
• With seven installations underway targeting a combined capacity of 1 million tons per year, SLB is demonstrating the scalability of its standardized design.
• Benchmarking data from November 2025 showed the cost for SLB Capturi‘s amine absorption technology is expected to be between €60 and €140 per ton of CO₂, confirming its competitive position in the market.

Sequestri™ Integrated Storage System

The launch of Sequestri™ represents the maturation of SLB‘s decades of subsurface expertise into a commercially packaged and integrated service portfolio. This move productizes the complex process of developing and operating carbon storage sites.

• Launched in June 2025, the Sequestri™ portfolio combines site characterization, well design, construction, and monitoring into a single, cohesive offering.
• This integrated system is designed to accelerate the development of carbon storage facilities by leveraging qualified technologies and established workflows, reducing project risk for operators.

SWOT Analysis, SLB’s 2025 CCUS Strategic Repositioning

The SWOT analysis for SLB‘s 2025 CCUS initiatives shows that the company successfully leveraged its core strengths in subsurface engineering to create a differentiated, end-to-end market offering. While this positions SLB to lead the industrial decarbonization sector, its growth is dependent on the pace of market development and its ability to execute complex, large-scale projects.

Table: SWOT Analysis for SLB’s CCUS Initiatives (2025)

SLB’s 7+ CCUS Installations, Modular Rollout Signals Market Adoption

The primary signal to monitor for SLB in the year ahead is the successful execution and delivery of its seven in-progress modular capture plants. The timely completion of these projects will serve as the ultimate validation of its standardized, product-based model and its potential to accelerate CCUS adoption across industrial sectors.

• If this happens: SLB successfully brings its committed modular capture units online within the projected timelines and budget, proving the economic and operational advantages of its standardized approach.
• Watch this: Announcements of new contracts for SLB Capturi or Sequestri™ in industries beyond the initial targets, such as steel or chemicals, or in new geographic markets like Asia or the Middle East, where partners like Saudi Aramco are also active.
• These could be happening: Industrial clients may increasingly consolidate their decarbonization efforts around single-source providers like SLB to mitigate integration risk. This could lead to a market preference for end-to-end service providers over procuring technology from multiple vendors, strengthening SLB‘s competitive position.

The questions your competitors are already asking

This report covers one angle of SLB’s commercial strategy for carbon capture. The questions that matter most depend on your work.

• SLB carbon capture competitors
• Northern Endurance Partnership project timeline
• US carbon capture tax credit for industrial projects
• European waste to energy carbon capture projects

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