Energean Selects Halliburton for Carbon Storage Subsurface Study in Greece
Halliburton Company (NYSE: HAL) announced a collaboration with Energean to conduct a carbon storage potential study for the Prinos basin in Greece. The study will involve long-term plume modeling and a conceptual development plan using Halliburton's DecisionSpace 365® cloud applications. This partnership marks the first end-to-end carbon capture and storage evaluation collaboration between an operator and energy service provider in Europe. The project could accommodate emissions equivalent to the Greek manufacturing sector for a decade starting 2025, demonstrating a commitment to energy transition.
- Collaboration with Energean enhances Halliburton's role in carbon capture and storage.
- Potential to store CO2 emissions equivalent to the Greek manufacturing sector for 10 years.
- First end-to-end CCS evaluation collaboration in Europe showcases innovation.
- None.
Study to deliver comprehensive subsurface review for suitability of Carbon Capture Storage
Halliburton carbon capture, utilization and storage (CCUS) experts will collaborate with Energean to evaluate the Prinos area’s carbon dioxide (CO2) storage complex. The scope of work will include long-term plume modeling, characterizing the storage complex, and a conceptual development plan with performance modelling. Additionally, Halliburton will deploy a fully integrated CO2 storage workflow leveraging DecisionSpace 365® cloud applications including Permedia® CO2 software, the
“We are excited to build on our strong relationship with Energean and to collaborate on this exciting carbon storage subsurface study where we will utilize Energean’s deep local understanding of the Prinos areas and Halliburton’s comprehensive carbon storage knowledge,” said
“We are excited to collaborate in this landmark project with Halliburton,” said
The work on the Prinos carbon storage subsurface study began in early March.
ABOUT HALLIBURTON
Founded in 1919, Halliburton is one of the world's largest providers of products and services to the energy industry. With more than 40,000 employees, representing 130 nationalities in more than 70 countries, the company helps its customers maximize value throughout the lifecycle of the reservoir – from locating hydrocarbons and managing geological data, to drilling and formation evaluation, well construction and completion, and optimizing production throughout the life of the asset. Visit the Company’s website at www.halliburton.com. Connect with Halliburton on Facebook, Twitter, LinkedIn, Instagram and YouTube.
ABOUT ENERGEAN
Established in 2007, Energean is a London Premium Listed FTSE 250 and Tel Aviv Listed E&P company with operations in eight countries across the Mediterranean and
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