CGG signs MoU with Baker Hughes to jointly offer CCS solutions

published by
Emilie Thomas,
Associate Editor

Oilfield Technology,
Wednesday May 8, 24

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, Managing Director 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 customers with unparalleled support to de-risk technical and economic challenges, from strategy to CO.”₂ construction of storage sites and life monitoring,” said 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. »

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