Energy

Schlumberger Introduces Novel Solution Fostering Carbon Storage Projects

Published August 30, 2024

Schlumberger Limited SLB, a leading oilfield services company with a worldwide presence and executive offices in Paris, Houston, London, and The Hague, has developed a groundbreaking well integrity assessment solution tailored to enhance the viability and safety of carbon storage endeavors. This innovative approach comes at a critical time when companies across the globe are increasingly seeking sustainable ways to mitigate environmental impacts while complying with stricter regulations.

Importance of Well Integrity in Carbon Storage

Carbon storage projects play a significant role in global efforts to reduce greenhouse gas emissions. These projects involve capturing carbon dioxide and safely storing it underground in geological formations. SLB's solution arrives as a pivotal tool, designed to detect risks associated with wells at the initial stages of such projects. It basically evaluates the wells' conditions and their potential to retain carbon dioxide without leakage, which is crucial for the project's success and environmental compliance.

The strides made by SLB resonate with the activities of other industry peers like TechnipFMC plc FTI, which specializes in various oil and gas services and holds its headquarters in London, UK. Similarly, SM Energy Company SM, an independent energy company operating out of Denver, Colorado, focuses on the exploration and production of oil and natural gas and could also benefit from advancements in carbon storage technology. Furthermore, MPLX LP MPLX, which owns and operates key energy infrastructure in the United States, and CorEnergy Infrastructure Trust, Inc. CRBO, a Real Estate Investment Trust (REIT) involved in energy infrastructure, might find interest in the solutions that ensure the integrity and thus the certifications of their storage sites.

Conclusion

The development of SLB's well integrity assessment tool marks a significant leap forward for carbon storage projects. By ensuring early detection of potential risks and bolstering confidence in the storage process, companies can better secure their investments and contribute to the broader climate mitigation goals. As carbon capture and storage technologies become increasingly integral to the energy transition, tools such as this one will likely be indispensable in advancing the industry's objectives.

Schlumberger, TechnipFMC, SMEnergy, MPLX, CorEnergy