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CGG and Baker Hughes have signed a memorandum of understanding at this year’s Offshore Technology Conference to explore jointly offered carbon capture and sequestration (CCS) solutions, the companies said in a May 8 press release.
The proposed commercial alliance will provide fully integrated end-to-end solutions to select and monitor carbon storage sites.
The companies plan to combine complimentary skillsets across the CCS value chain, said Ahmed Eldemerdash, vice president of oilfield services and equipment, in the press release.
The alliance taps into what Peter Whiting, executive vice president of geoscience for CGG, called a “high-growth market.”
“CGG shares a strong commitment with Baker Hughes to actively support low-carbon markets with new technologies and business capabilities in carbon capture and storage,” Whiting said.
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