Equinor has signed a Framework Agreement with IFPEN for provision of superior R&D providers in oil & fuel applied sciences, renewable energies and low carbon options for a interval of 4 years.

The earlier settlement, signed in 2013, first centered on joint tasks within the fields of the Enhanced Oil Recovery and water administration, then was progressively prolonged to different thematics together with specifically wind power and geothermal actions. This renewal displays the willingness of each organizations to maintain the R&D actions to be able to develop progressive and aggressive options for a extra environment friendly and sustainable power transition.

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“We are extraordinarily blissful to signal this settlement because it reinforces already current ties with our associate, significantly within the space of power transition. As an energetic participant on this area, this shut working partnership with a broad power firm reminiscent of Equinor is essential to us. Our groups will proceed to be dedicated to offering superior R&D providers with the very prime quality stage anticipated by our associate” declared Catherine Rivière, Director of the IFPEN Energy Resources Business Unit.

“Equinor is dedicated to long run worth creation with a low carbon footprint; renewable power is a key a part of our portfolio. Research and know-how improvement are key to serving to us attain our targets. We are very happy to signal this settlement and look ahead to proceed working with IFPEN to search out new and improved options to grease, fuel and renewable power challenges” mentioned Elisabeth Birkeland, VP Technology Management at Equinor.

A Steering Committee will meet twice a 12 months to evaluation on-going tasks and to establish new potential joint alternatives for this strategic partnership.

Source: www.worldoil.com

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