CGG: CGG Delivers New Multi-Client Screening Study for CO2 Storage Sites in UK and Norway Northern North Sea

Rhea-AI Summary

CGG has launched a new GeoVerse™ Carbon Storage screening study aimed at aiding CCUS operators in identifying viable CO₂ storage sites. This comprehensive study covers potential carbon storage plays within the Northern North Sea, utilizing CGG’s North Viking Graben 3D seismic dataset across both UK and Norwegian waters. CEO Sophie Zurquiyah emphasized that this product leverages CGG’s extensive geoscience and data science expertise, contributing to energy transition efforts and expanding the company's offerings in geothermal resource assessment and carbon sequestration.

Positive

• Launch of new GeoVerse Carbon Storage screening study to identify viable CO2 storage sites.
• Utilizes CGG's extensive 3D seismic dataset, enhancing data offerings.
• Supports energy transition with a focus on carbon sequestration and geothermal resource assessment.

Negative

• None.

CGG Delivers New Multi-Client Screening Study for CO₂ Storage Sites in UK and Norway Northern North Sea

Paris, France – November 25, 2021

CGG has released a new GeoVerse™ Carbon Storage screening study to support CCUS operators in quickly identifying suitable CO₂ storage sites. This Northern North Sea study, available for license, provides an in-depth review of potential CO₂ storage plays in a region extending over CGG’s North Viking Graben 3D seismic dataset, including areas in both UK and Norwegian waters.

Sophie Zurquiyah, CEO, CGG, said: “Our GeoVerse Carbon Storage screening study is part of a new suite of products that will support the energy transition through capitalizing on CGG’s wealth of geoscience know-how and data science expertise, which includes over 130 geothermal projects and support for the Sleipner, Troll, Weyburn, Pembina and Gorgon CCUS projects. These new GeoVerse products will address a wide spectrum of applications, from geothermal resource assessment, through critical mineral exploration, and carbon sequestration.”

Leveraging CGG’s unique well, seismic and interpretation products, the GeoVerse Carbon Storage screening study applies a proprietary play-scale screening methodology developed by CGG’s CCUS experts and data scientists to identify and de-risk potential carbon storage sites. The resulting Storage Play Quality Index maps are delivered through the GeoVerse platform and provide key information for the evaluation of capacity, injectivity and containment at play scale.

About CGG

CGG (www.cgg.com) is a global geoscience technology leader. Employing around 3,700 people worldwide, CGG provides a comprehensive range of data, products, services and solutions that support our clients to more efficiently and responsibly solve complex natural resource, environmental and infrastructure challenges. CGG is listed on the Euronext Paris SA (ISIN: 0013181864).

Contacts

Group Communications & Investor Relations Christophe Barnini Tel: + 33 1 64 47 38 11 E-Mail: christophe.barnini@cgg.com

Attachment

• CGG - Press Release pdf version

FAQ

What is the purpose of CGG's new GeoVerse Carbon Storage screening study?

The study aims to help CCUS operators quickly identify suitable CO2 storage sites in the Northern North Sea.

When was the GeoVerse Carbon Storage screening study released?

The study was released on November 25, 2021.

What geographic areas does CGG's CO2 storage study cover?

It covers areas within the Northern North Sea, including UK and Norwegian waters.

Who is the CEO of CGG and what did they say about the new study?

Sophie Zurquiyah is the CEO, and she mentioned that the study supports energy transition efforts through CGG's geoscience expertise.

What technology does CGG's GeoVerse platform use for the carbon storage study?

The GeoVerse platform applies a proprietary play-scale screening methodology developed by CGG's CCUS experts.