The company Exalo Drilling S.A. has signed a contract to drill a well in Denmark. As part of the ongoing project, innovative carbon dioxide (CO2) capture technology will be applied in the rock formation, presenting not only a challenge but also an opportunity to utilize our experience and knowledge in a novel way.
The plan is to drill one well with the option to expand cooperation for further activities in the future. The drilling is scheduled to commence at the turn of the third and fourth quarters of 2024.