TGS has sold one of its seismic datasets to Oil and Gas Climate Initiative (OGCI) Climate Investments’ Net Zero Teesside carbon capture, utilisation and storage (CCUS) initiative.
The multi-client seismic data sale is the first sale of TGS for use in a carbon capture project. OGCI planned the Net Zero Teesside project for the North East of England.
TGS’ data will be used to verify the feasibility of storing carbon dioxide (CO2) in offshore reservoirs in the Southern North Sea’s Permian Gas Basin. The project is backed by oil and gas industry majors such as BP , Eni , Equinor , Occidental Petroleum , Shell, and Total.
Net Zero Teesside project director Colin McGill said: “To be able to remove carbon dioxide emissions and store them deep underground, preventing them from being released into the atmosphere, means we need to be 100% sure that the reservoir chosen is fit-for-purpose.
“Our agreement with TGS allows us to carefully analyse the geology of the reservoirs and make the correct decisions that will sustain our CCUS operations for millennia to come.”
OGCI Climate Investments is working with the UK Government along with its partners on a supportive policy framework to allow the UK to export CCUS technologies worldwide.
TGS Europe and Russia executive vice-president Fredrik Amundsen said: “The use of seismic data from TGS in the development of this landmark UK CCUS project is an important initiative for us as it marks the start of what could become a growing business area in the coming years.
“We recognise the need to actively engage in projects that support the energy transition and working with Net Zero Teesside is a recognition that our data can and will be used in new ways in the future.”