CGG Forms Strategic Alliance with Baker Hughes to Enhance Carbon Capture and Storage Solutions

On May 8, 2024, CGG announced a new alliance with Baker Hughes during the 2024 Offshore Technology Conference in Houston. Both companies have entered a Memorandum of Understanding to collaborate on carbon capture and storage (CCS) solutions. This partnership aims to support the increasing number of CCS projects globally by offering integrated end-to-end solutions for potential carbon storage sites.

Peter Whiting, EVP of Geoscience at CGG, highlighted the commitment of both companies to support low-carbon markets through innovative technologies in CCS. He noted that the collaboration combines the expertise and technologies of CGG and Baker Hughes, promising more effective and economical solutions for operators in the CCS market. Ahmed Eldemerdash, Vice President of New Energies at Baker Hughes, emphasized the technical and economic support provided by this alliance throughout the CCS value chain, from planning to site construction and ongoing monitoring.