PGS wins survey for offshore carbon capture and storage project

Norwegian offshore seismic acquisition specialist PGS has won a carbon capture and storage (CCS) 3D survey contract from BP over the Endurance reservoir, located about 145 km off the coast from Teesside and around 85 km from the Humber coast. 

Seismic acquisition is scheduled to start during April 2022 and complete in June.

“PGS has a history of pioneering the marine 3D seismic market and the Endurance survey is one of the industry’s first publicised awards of a 3D acquisition contract in North Sea specifically designed to address CCS project development challenge. In the second half of 2021 we announced a sale of MultiClient data for CCS purposes and now we are very pleased to announce the award of an acquisition contract. This further strengthens our leading market position and is an important step in expanding our contribution to net-zero transition.

“Numerous research reports estimate a significant need for CCS storage going forward. Even in the more conservative projections, seismic acquisition for CCS purposes is likely to constitute a significant new market for our industry,” said Rune Olav Pedersen, president and CEO of PGS.

Adis Ajdin

Adis is an experienced news reporter with a background in finance, media and education. He has written across the spectrum of offshore energy and ocean industries for many years and is a member of International Federation of Journalists. Previously he had written for Navingo media group titles including Offshore Energy, Subsea World News and Marine Energy.
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