CGG and PGS have signed an agreement with a view to developing multi-client data aimed at the carbon capture utilization and storage (CCUS) industry.
CGG and PGS have signed an agreement with a view to developing multi-client data aimed at the carbon capture utilization and storage (CCUS) industry. The ambition is to unlock the value of existing seismic data for carbon storage evaluation. The companies intend to explore, conceptualize and create new derivative data products using existing seismic data to facilitate screening and evaluation of carbon storage sites.
Dechun Lin, EVP, Multi-Client, CGG, said: ‘CGG is constantly seeking ways to leverage its vast Earth library, technology and expertize. This MoU with PGS is consistent with our strategy to advance our data and geoscience offering to support the energy transition through accelerating the development and commercialization of CCUS, hydrogen and ammonia storage, and geothermal energy. The initiative will benefit from the experience of both companies at delivering large-scale high-end seismic products. It will also capitalize on CGG’s 15 years of experience in CCUS projects and the expertize of our CCS & Energy Storage group, across storage evaluation, reservoir characterization, engineering, instrumentation and monitoring.’
Berit Osnes, executive vice-president, PGS New Energy, said: ‘Our comprehensive worldwide multi-client data library and geophysical competence will be valuable resources in addition to our acquisition services for optimal CCUS site derisking. PGS looks forward to working closely with CGG to offer modern, high-quality data products to support the identification and classification of CO2 storage reservoirs.’
