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HomeOil and GasCGG, Baker Hughes Join Forces for Carbon Capture and Storage Solutions

CGG, Baker Hughes Join Forces for Carbon Capture and Storage Solutions

5/9/2024

(P&GJ) — CGG has signed a memorandum of understanding with Baker Hughes at the 2024 Offshore Technology Conference (OTC) in Houston to facilitate the parties exploring jointly offered carbon capture and storage (CCS) solutions.

Baker Hughes and CGG sign Memorandum of Understanding: From left to right, back row: Ole Engels, Director – Energy Transition, Reservoir Technical Services, Baker Hughes; Chris Page, Vice President Geoscience, CGG; Ahmed Eldemerdash, Vice President – New Energy, Oilfield Services and Equipment, Baker Hughes; Malcolm Kent, Global Strategy Head – Carbon Storage, CGG; Maria Munera, Sr. Product Marketing Manager – New Energy & Integrated Solutions; front row: Alejandro Duran, Vice President – Reservoir and Consulting Services, Baker Hughes; Peter Whiting, Executive Vice President Geoscience, CGG

“CCS is a high-growth market that is expected to play an important role in dealing with CO2 emissions,” Peter Whiting, EVP of Geoscience at CGG, said. “By combining the considerable expertise and complementary technologies of the two companies in the CCS arena, operators will benefit from more efficient and cost-effective solutions from two trusted market leaders.”

The collaboration and proposed commercial alliance intend to support the rapid increase of CCS projects that is underway by providing high-quality and fully integrated end-to-end solutions to screen, select, characterize and monitor potential carbon storage sites worldwide.

“The combination of Baker Hughes and CGG subsurface and surface capabilities will provide our customers in CCS an unmatched support to de-risk technical and economic challenges from strategy to CO2 storage site construction, and lifetime monitoring,” Ahmed Eldemerdash, vice president of oilfield services and equipment, new energies at Baker Hughes, said. “This alliance brings to bear fully complimentary skillsets throughout the CCS value chain.”

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