The Vital Role of CCUS | SLB

The vital role of CCUS

SLB’s bold approach to a practical and viable carbon abatement solution

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Closing the emissions gap with CCUS

The world’s carbon budget is running out. So, decarbonization across all industry sectors using practical and economical solutions is crucial to reach net-zero greenhouse gas (GHG) emissions. As the gap between net zero ambitions and actual cumulative CO2 emissions grows, all scenarios are increasingly pivoting toward carbon capture, utilization, and sequestration (CCUS) as a critical lever to close this gap.

CCUS plays a vital role in carbon abatement as one of the few viable decarbonization mechanisms. But it doesn’t come without its challenges. A new market ecosystem needs to be established to overcome the challenges we face today.

Diagram showing the 15-20% increase each year needed to close the emissions gap with CCUS
Today, the industry is capturing and storing around 40 million metric tons per year. Scaling up to gigatons per year is needed to reach net zero by 2050.
Diagram showing the 15-20% increase each year needed to close the emissions gap with CCUS

Today, the industry is capturing and storing ~40 million metric tons per year. Carbon capture and sequestration are needed at gigaton scale by 2050 to reach net zero. Watch as our SLB experts discuss the challenges facing the CCUS industry and how our bold approach enables CCUS across different industrial sectors.

The Vital Role of CCUS and SLB's Involvement
SLB's Carbon Solutions team discusses challenges facing the CCUS industry and how we’re poised to ensure your project’s success.
Diagram showing our success factors across different streams of CO2 emissions
CCUS success factors.
Diagram showing our success factors across different streams of CO2 emissions

Project economics

Historically, project economics have stalled CCUS progression. But combining technological advancement and more recent economic incentives through various policy framework is making CCUS more investable.

Policy front: The Inflation Reduction Act (IRA) in the US provides tax incentives that will give small- to midscale CCUS projects a better chance at becoming economical. In Europe, the revision of the Emissions Trading System (ETS) covers a broader range of sectors and GHG emissions. In Canada, the Emissions Reduction Alberta (ERA) allocates multimillion dollars to carbon capture projects. Australia is also seeing significant policy and budgetary support from the federal government.

Technology front: SLB’s carbon capture technology addresses different streams of CO2 emissions to drive meaningful cost reductions across the CCUS value chain. We also derisk storage site selections through domain expertise and data integration to improve CCUS project economics.

Scaling CCUS

Scaling up CCUS will require flexible business models and partnerships across sectors—from emitters to pore space owners. This is where we leverage our experience and expertise.

SLB has been actively involved in CCUS across industries for two decades. Building on our core strengths, we’re able to forge new partnerships across the entire value chain. This means combining the best minds and skillsets—from carbon capture and transport to sequestration—to accelerate decarbonization using large industrial hubs. Through these hubs, emitters can use common transport and sequestration infrastructure. This creates a network that reduces unit costs for all organizations involved and makes them more feasible. And using a suite of business models—from technical agreements to joint ventures—SLB will play a key role to ensure a successful project.

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Proximity to storage

Finding the right formation to store the CO2 once captured depends on many technical factors. And distance from the capture to sequestration site should be taken into consideration. Leveraging plants within proximity to storage or common infrastructure (hubs) greatly increases a project’s chance of success.

Regulatory regime, innovative technology, and partnerships will drive CCUS growth in the coming decade. Time and scale are of the essence. SLB is poised to bring your CCUS project to fruition—effectively and economically—to address climate change.

Dive deeper

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    Carbon Capture

    Differentiated technologies and deep expertise to optimize your carbon capture and lower costs. View link button arrow

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    Carbon Sequestration

    Integrated solutions for selecting, planning, constructing, operating, and monitoring carbon storage sites. View link button arrow

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    Carbon Capture & Processing

    Processing systems knowledge and intelligent software to help determine the capture technology fit for you. View link button arrow

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    Carbon Transport

    Captured carbon only goes as far as delivering it with the highest safety and optimization in mind. View link button arrow

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    Carbon Sequestration Selection & Design

    Planning the carbon storage site with capacity, injectivity, and containment in mind. View link button arrow

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    Carbon Sequestration Construction

    Depend on SLB to maintain the integrity of your carbon storage for the future. View link button arrow

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    Carbon Monitoring, Verification & Reporting

    Proactive and integrated monitoring to keep your carbon sequestration operations running smoothly. View link button arrow

Press releases

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    Schlumberger and RTI International Partner to Accelerate the Industrialization of Innovative Carbon Capture Technology

    Schlumberger announced today that it has entered into an agreement with RTI International, a nonprofit research institute, to accelerate the industrialization and scale-up of its proprietary non-aqueous solvent (NAS) technology, which enhances the efficiency of absorption-based carbon capture. View link button arrow

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    Schlumberger and Sintela Announce Technology Sharing Agreement to Advance Fiber-Optic Solutions Across Multiple Industries

    Schlumberger and Sintela announced today that they have signed an agreement to co-develop new fiber-optic solutions for multiple industrial markets. View link button arrow

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    LafargeHolcim and Schlumberger New Energy Explore Carbon Capture and Storage Solutions

    LafargeHolcim and Schlumberger New Energy will explore the development of Carbon Capture and Storage (CCS) solutions. View link button arrow

  • Schlumberger DELFI Digital Platform Selected by Northern Lights JV for CO2 Project
    Schlumberger DELFI Digital Platform Selected by Northern Lights JV for CO2 Project

    Schlumberger will deploy the DELFI cognitive E&P environment on the Norwegian CO2 project by the Northern Lights Joint Venture (NL), to streamline subsurface workflows and longer-term modeling and surveillance of CO2 sequestration. View link button arrow

Explore case studies

  • USDOE and ADM Optimize Carbon Sequestration Using Multizonal Intelligent Completion: Case Study
    US Department of Energy and ADM Optimize Carbon Sequestration Using Multizonal Intelligent Completion

    Real-time monitoring and control with modular completion equipment and Optiq fiber-optic solution. View link button arrow

  • Image of a log showing highly detailed, core-like microresistivity images In an oil-based mud environment that were collected using Quanta Geo service.
    Minnkota Power Partners with SLB for CO2 Storage Reservoir Evaluation

    Subsurface data acquisition, analysis, and modeling creates evaluation blueprint and future Class VI injection well permitting. View link button arrow

  • Optiq Seismic solution seismic data
    Fiber Optics Improves Subsurface Understanding for a CCS Project

    Optiq Seismic solution efficiently acquired data across four wells using both multimode and single-mode fiber. View link button arrow

Featured products and services

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    CCUS Project Solutions & Services

    Projects fit to your objectives using consultancy, partnerships, and flexible business models. View link button arrow

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Customer support

We’re here to help. Talk to one of our CCUS experts today.

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SLB Carbon Capture and Sequestration

Accelerate your path to net zero with flexible, reliable, collaborative, and cost-effective solutions across the CCUS value chain.

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