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Seismic Surveyor PGS Net Another

PGS, the Norwegian seismic data company best known for offshore oil and gas exploration services, is expanding into the field of carbon capture and storage, with a second carbon storage survey agreement announced in a few days. increase.

in short, The day after the company announced that it had won a contract with BP for carbon capture and storage (“CCS”).) PGS, a 3D seismological exploration in the United Kingdom, has signed an seismic exploration contract for CO2 storage off the coast of Norway.

This agreement was awarded by Equinor on behalf of the Northern Lights joint venture with Equinor and Shell. The survey is scheduled to begin in the second quarter of 2022 and will last approximately one month. PGS did not share financial details.

Rune Olaf Pedersen, PGS President and CEO said: Annual data sales for the development of CO2 storage projects. We are very pleased that we are now taking a new step towards winning this data acquisition agreement for Northern Lights. “

Pedersen said Tuesday that the acquisition of an earthquake aimed at CCS is likely to constitute “a new market of importance to our industry” in connection with BP’s trading.

Notably, another company best known for oil and gas exploration work, Transocean, also signed a deal with the Northern Lights Consortium this week. Offshore oil rig project.

That is, Norwegian oil company Equinor used a transocean enabler’s semi-underwater drilling unit to drill carbon injection wells and another carbon injection drilled in early 2020 to support the Northern Lights Carbon Recovery and Storage Project. I plan to use the well side track. read more

Aurora Project It consists of transporting, receiving and permanently storing CO2 in a reservoir in the northern North Sea and is open to third parties. The project will initially include the recovery of CO2 from Norwegian industrial recovery sources.

The project is the first cross-border open source CO2 transport and storage infrastructure network to provide European industrial emitters with the opportunity to permanently store CO2 underground. Once CO2 is recovered on land, it will be transported by a newly designed vessel, injected and permanently stored 2,600 meters below the seafloor of the North Sea.

Phase 1 of the project is expected to be completed in mid-2024 and can process up to 1.5 million tonnes of CO2 annually.

https://www.oedigital.com/news/493615-decarbonization-seismic-surveyor-pgs-nets-another-co2-storage-survey-gig Seismic Surveyor PGS Net Another

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