CGG announces alliance with Baker Hughes to provide carbon capture and storage solutions

Paris, France – May 8, 2024

CGG signed a memorandum of understanding with Baker Hughes, an energy technology company, at the Offshore Technology Conference (OTC) 2024 in Houston to facilitate the parties’ exploration of jointly proposed solutions for carbon capture and storage. carbon (CCS). The collaboration and proposed commercial alliance aims to support the rapid scale-up of ongoing CCS projects by providing high-quality, fully integrated end-to-end solutions to screen, select, characterize and monitor potential carbon storage sites in the whole world.

Peter Whiting, Senior Vice President of Geosciences at CGG, said: “CGG shares a strong commitment with Baker Hughes to actively support low-carbon markets with new technologies and commercial capabilities in carbon capture and storage. CCS is a high-growth market that is expected to play an important role in CO management₂ emissions. By combining the two companies’ considerable expertise and complementary technologies in the CCS space, operators will benefit from more efficient and cost-effective solutions from two trusted market leaders.

“The combination of Baker Hughes and CGG’s underground and surface capabilities will provide our CCS clients with unparalleled support to reduce technical and economic risks, from strategy to CO.₂ construction of storage sites and monitoring of lifespansaid Ahmed Eldemerdash, vice president of petroleum services and equipment, new energy at Baker Hughes. “This alliance leverages completely complementary skills throughout the CCS value chain..”

About CGG

CGG (www.cgg.com) is a global technology and HPC leader providing data, products, services and solutions in the areas of earth science, data science, sensing and monitoring. Our unique portfolio helps our clients efficiently and responsibly solve complex challenges related to digital, energy transition, natural resources, environment and infrastructure for a more sustainable future. CGG employs approximately 3,400 people worldwide and is listed on Euronext Paris SA (ISIN: 0013181864).

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