MEMBER NEWS: Wood and CMG work to advance carbon capture storage solutions

May 2, 2023
MEMBER NEWS: Wood and CMG work to advance carbon capture storage solutions

Wood, the global engineering and consulting company has signed a Memorandum of Understanding (MoU) with Computer Modelling Group Ltd. (CMG), a world leader in oil and gas reservoir simulation and decision support, specializing in carbon capture and storage (CCS) projects.

Under this agreement, Wood will combine its surface, fluids transport and pipeline engineering expertise with CMG’s world leading subsurface software and services to provide an integrated and connected approach to CCS project development.

Azad Hessamodini, Executive President of Consulting at Wood, said: “Collaboration across the supply chain is critical if we are to design and deliver a low-carbon energy future. With growing support from governments to accelerate decarbonisation, we need to continue to partner and innovate so we can develop and scale practical solutions to reduce carbon emissions.

“At Wood, we pride ourselves on our ability to integrate complementary expertise and services to deliver end-to-end solutions for our clients. We believe that in working with CMG we can help clients realise CCS project ambitions.

“Wood has decades of experience delivering feasibility studies, concept selection, engineering design, and the implementation of capture technologies. Our understanding of existing oil and gas infrastructure means we can advise clients on how assets could be repurposed to transport and store CO2.”

Wood recently announced it had completed carbon capture and transportation studies for more than half of the 300 carbon capture facilities being planned worldwide.

Pramod Jain, Chief Executive Officer at CMG, stated: “Carbon capture and storage is a vital component of the decarbonisation journey, and simulation is imperative to mitigating risk and ensuring safety in these complex projects.

“As technology leaders, we believe that we must not only continually innovate to address new challenges but also collaborate with industry leaders to deliver comprehensive, market-leading solutions. We are pleased to provide our industry-recognized technology and expertise in subsurface CO₂ injection to this partnership with Wood.”

CMG has over 20 years of experience researching and developing solutions for carbon capture. Leveraging expertise in CO₂ injection to enhance oil recovery, CMG’s solutions can be applied to enable energy companies to safely and effectively accelerate the transition to a low carbon future. Currently, CMG is actively contributing to the majority of active CO₂ sequestration projects globally and plays a key role in approximately three-quarters of energy transition projects in Europe, largely around hydrogen and geothermal energy.

Combining the right technologies with field expertise, companies in oil and gas and other carbon intensive industries can achieve net zero carbon goals while mitigating the financial and technical risks.

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AREG is the original energy transition organisation, working on behalf of members to empower the energy supply chain and champion its expertise. Please get in touch if you have any questions or would like to find out more about membership.

AREG has played an important role in the growth of Scotland’s renewable energy sector, engaging the supply chain and developing the European Offshore Wind Deployment Centre. However, we are only at the very beginning of the transition that AREG was established to both lead and support so there are still opportunities for companies to get into the constantly evolving renewables supply chain. We look forward to continuing our work together as renewables builds on its place as Scotland’s main source of power, and as we seek to deliver real change in the crucial areas of heat and transport.

Scottish Renewables

Aberdeen & Grampian Chamber of Commerce has worked closely with AREG since its formation. The recent progress in the developments of offshore wind projects by Equinor and Vattenfall are as a result of the work of the group over many years. The north-east is known as the oil and gas capital of Europe. At the Chamber, we believe the region must evolve its position to being recognised as the energy capital. Whilst hydrocarbons will continue to be essential in driving our economy for years to come, the generation of renewable resources will play an increasingly important role in providing cost-effective power, innovative development and economic growth.

Aberdeen & Grampian Chamber of Commerce

The enthusiasm and dedication of the early group that would become AREG was fundamental in us choosing to launch All-Energy in Aberdeen. The first tiny show was held in 2001, and AREG’s Chairman at the time, Jeremy Cresswell, played such an active role that I often describe him in terms such as All-Energy’s ‘midwife’. All-Energy is now the UK’s largest renewable and low carbon energy exhibition and conference in terms of number of attendees, space booked, and number of exhibiting companies. As AREG became firmly established, their presence and support for the event grew spectacularly over the years. We thank them most sincerely for their invaluable input.

All-Energy

Vattenfall has forged a strong working relationship with AREG through the development of the European Offshore Wind Deployment Centre. AREG has worked tirelessly on behalf of the North East and it can take enormous credit for the growth of sustainable energy in the region and the path it has cleared for the region to capture further investment.

Vattenfall

Aberdeen City and Shire is emerging as a key location for renewables by successfully transferring its world-class oil and gas expertise into the sector and AREG has done much to advance this through a broad range of initiatives. It has acted as a catalyst in driving further investment in the local economy by engaging with companies, Government, public bodies and existing projects and we have been pleased to support their efforts. Scottish Enterprise will continue to engage with AREG as we increase Scotland’s use of renewable energy.

Scottish Enterprise