MicroSeismic and EverAware collaborate with Korea on subsurface CO2 monitoring

May 22 2023


The companies have signed an MOU with the Climate Change Response Research Division of the Korea Institute of Geoscience and Mineral Resources (KIGAM) to pursue technological cooperation associated with CCUS in the U.S. and Korea.

The agreement establishes a collaboration that provides for the exchange of scientific and technical knowledge and the augmentation of scientific and technical capabilities of each party related to CCS. It is anticipated that the Parties will focus on areas of cooperation that include technologies associated with 1) subsurface measurement, monitoring, and verification of CO2 placement, 2) surface monitoring of atmosphere, soil, and groundwater, and 3) the use of Artificial Intelligence analytics to help in the evaluation of the big data collected during continuous monitoring efforts.

Dr. Peter Duncan, CEO & Founder of MicroSeismic (MSI) said, “We are honored to work with the highly distinguished KIGAM organization and look forward to sharing our collective knowledge to advance CCS and sustainability solutions.”  Douglas Nester, CEO and co-founder of EverAware added “Overcoming the many complex challenges associated with CCS requires the formation of collaborations throughout the entire CCS value chain.  Our agreement with KIGAM allows us to directly incorporate technology from Korea’s leading geoscience research institute into MSI and EverAware’s ongoing operations to develop advanced solutions that better meet the needs of the CCS industry and global sustainability.”

The Parties are currently identifying project opportunities within the U.S. and Southeast Asia and expect to begin their cooperation efforts by the fall of 2023.

MicroSeismic


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