PGS and CGG have signed a Memorandum of Understanding (MoU) with a view to combining their seismic MultiClient products and technical capabilities applied to the Carbon Capture Utilization and Storage (CCUS) industry. The ambition is to join forces and unlock the value of existing seismic data for carbon storage evaluation. Together the companies intend to explore, conceptualize and create new derivative data products using existing seismic data to facilitate screening and evaluation of carbon storage sites.

The initiative will benefit from the experience of both companies at delivering large-scale high-end seismic products. It will also capitalize on CGG's fifteen years of experience in CCUS projects and the expertise of CCS & Energy Storage group, across storage evaluation, reservoir characterization, engineering, instrumentation and monitoring.