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CGG announces alliance with Baker Hughes

Monday, May 13, 2024

CGG announces alliance with Baker Hughes offering carbon capture & storage solutions

Paris, France - May 8, 2024

CGG has signed a Memorandum of Understanding with Baker Hughes, an energy technology
company, at the 2024 Offshore Technology Conference (OTC) in Houston to facilitate the
parties exploring jointly offered carbon capture & storage (CCS) solutions. The collaboration
and proposed commercial alliance intends to support the rapid increase of CCS projects that is
underway by providing high-quality and fully integrated end-to-end solutions to screen, select,
characterize and monitor potential carbon storage sites worldwide.

Peter Whiting, EVP, Geoscience, CGG, said: '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. CCS is a high-growth market that is expected to play an
important role in dealing with CO2 emissions. By combining the considerable expertise and
complementary technologies of the two companies in the CCS arena, operators will benefit
from more efficient and cost-effective solutions from two trusted market leaders.'

'The combination of Baker Hughes and CGG subsurface and surface capabilities will provide
our customers in CCS an unmatched support to de-risk technical and economic challenges
from strategy to CO2 storage site construction, and lifetime monitoring', said Ahmed
Eldemerdash, Vice President of Oilfield Services and Equipment, New Energies at Baker
Hughes. 'This alliance brings to bear fully complimentary skillsets throughout the CCS value
chain.'

Associated Companies
» CGG
» Baker Hughes (BHGE)

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