March 27 (Reuters) - U.S. oilfield services provider SLB

said on Wednesday it will combine its carbon capture

business with Norway's Aker Carbon Capture to speed up

the deployment of carbon capture technologies.

SLB, which will own 80% of the combined business, will pay

4.12 billion Norwegian crowns ($381.49 million) in cash for Aker

Carbon Capture Holding AS (ACCH), which holds the business of

the carbon capture technology provider.

SLB may also make additional payments of up to 1.36 billion

Norwegian crowns over the next three years based on the

performance of the business.

"We are excited to create this business with ACC (Aker) to

accelerate the deployment of carbon capture technologies that

will shift the economics of carbon capture across high-emitting

industrial sectors," said SLB Chief Executive Officer Olivier Le

Peuch.

ACCH will pay $50 million to purchase SLB's carbon capture

business, Aker said in a separate statement.

Aker Carbon Capture has a technology to enable carbon

emission reductions in hard-to-abate sectors such as waste

incineration, bioenergy, cement and gas-to-power.

($1 = 10.7997 Norwegian crowns)

(Reporting by Surbhi Misra and Shivani Tanna in Bengaluru;

Editing by Krishna Chandra Eluri and Subhranshu Sahu)