CGG, a global technology and high-performance computing (HPC) leader, and Paragon Geophysical Services, Inc., a leading seismic acquisition company based in Wichita, Kansas and offering subsurface mapping services across the United States, have signed a Memorandum of Understanding (MoU) to combine their respective capabilities in support of energy transition customers and, more specifically, add value to the development, operation, and monitoring of carbon sequestration sites in North America.
CGG said it can draw on its subsurface imaging leadership, proven geoscience expertise, high-tech Sercel solutions for acquiring subsurface information, and more than 15 years of experience supporting high-profile carbon sequestration projects globally in areas such as storage site characterization, selection of optimal geophysical technologies for monitoring, and operational monitoring best practices, to optimize the design, development and operation of carbon sequestration sites.
Paragon has 30 years of experience in geophysical data acquisition and project execution for oil and gas, and carbon capture storage applications, including, more recently, participation in the world’s largest carbon capture and storage project under development in the Midwestern United States. Its crews are equipped with the very latest Sercel technology to deliver the highest-resolution, most accurate geophysical data available in the industry.
Together, the two companies will support key forward-thinking energy transition customers in North America to explore, develop and execute technically demanding carbon sequestration projects to efficiently and effectively operate storage sites and optimize operational monitoring of the CO2 in the subsurface.
“With our combined strengths in this key area for achieving net-zero targets, we will provide clients with critical insight, enabling them to optimize their storage and monitoring plans, reduce costs and have greater confidence in site conformance for improved operations and public acceptance,” said Peter Whiting, executive vice president, geoscience, for CGG.
“We see significant opportunity to add substantial value to our customers through enhanced integration of data acquisition and subsurface imaging to facilitate cost-effective carbon sequestration project development and operational monitoring,” said Aaron Bateman, president of operations for Paragon.