Carbon Capture, Utilization, and Storage

Carbon Capture, Utilization, and Storage (CCUS) is a process through which carbon dioxide emissions from manmade or anthropogenic point sources can be effectively re-used productively or stored so that they do not enter the atmosphere. CCUS is often reliant upon the identification and characterization of geological structures appropriate for use as carbon stores, as well as determining the potential injectivity and long-term monitoring of these stores. Geophysical technology, including surveying, processing, and modeling, is essential to the identification and long-term maintenance of these geological structures.

IAGC recognizes that multiple nations have set ambitious greenhouse gas emission reduction targets, often as part of their commitment to the Paris Agreement. Numerous countries and private entities have identified CCUS as an important aspect of their broader emissions reduction strategy. Hydrocarbons will be a necessary part of global energy production for decades to come, and CCUS allows for the use of traditional fuels while still meeting reduction targets.

IAGC’s members are well-positioned, and indeed essential, to the development and success of CCUS projects. The geophysical and exploration industry continues to provide essential services to meet current and future energy demand, as well as support emission reduction goals in the coming decades.

References:

OGA Strategy Review Consultation Net Zero Letter