The deal will give ADNOC a share of the liquified natural gas output from the concession, which has a combined capacity of over 25 million metric tons per pear, the company said in a statement.
Storegga has a portfolio of carbon capture projects in the UK, the USA, and Norway, including the Acorn CCS project, which is expected to store up to 10 mt.
The two companies have signed an agreement targeting low carbon energy supply chains and the advancement of carbon neutral solutions across the energy sect.