Perth, Australia (13 February 2025 ) – TGS, a leading global provider of energy data and intelligence, has entered into an agreement with deepC Store Pty Ltd (“deepC Store”) to carry out subsurface well location planning, storage resource verification and evaluation for carbon storage in the G-14-AP permit area in the Browse Basin, offshore Australia. The assessment will take place throughout 2025 on the permit, which is co-owned by deepC Store and Azuli (Australia) Ltd (“Azuli”). This collaboration marks a notable step in accelerating carbon capture and storage (CCS) initiatives in the Asia Pacific region, reinforcing Australia’s commitment to reducing carbon emissions and advancing sustainable energy solutions.
(from left) Barrett Cameron, VP New Energy Asia Pacific of TGS; Daein Cha, Managing Director of deepC Store;
Ralph Cowan, Director of Azuli
The G-14-AP permit is one of the two offshore CO2 storage acreages awarded to deepC Store and Azuli by the Australian Commonwealth Government in August 2024, alongside the G13-AP permit. deepC Store serves as the designated operator of the G-14-AP permit and the associated CStore1 project, with an estimated CO2 storage potential of approximately 1 gigatonne (1 billion tonnes) in the permit area. The integration of TGS’ advanced subsurface data and deepC Store’s expertise in CCS project development will be essential in assessing the feasibility and long-term security of carbon storage in the Browse Basin.
Commenting on the contract award, TGS EVP New Energy Solutions, Will Ashby, said "We are delighted to see our collaboration with deepC Store evolve into actionable projects and services, following the recent award of Carbon Storage acreage in Australia. We are eager to contribute TGS’ world-class expertise and advanced site characterization services to this significant initiative. This project underscores Australia’s vast potential while reaffirming TGS’ commitment to supporting global climate goals and enabling CCS developers to make tangible progress."
deepC Store’s Managing Director Daein Cha said “We are very pleased to work with TGS for progressing one of its key technical activities for G-14-AP. This relationship is an essential component of our world class CO2 storage development. This work demonstrates our ongoing commitment to establish CStore1 as the first offshore floating CCS hub project in the Asia Pacific region, and to advance Australia’s strategic position in the CCS business.”
TGS delivers tailored solutions across the carbon storage value chain, leveraging TGS data and advanced geophysical tools and technologies to ensure reliable insights at every stage. This includes storage prospecting, site evaluation for injection planning and cost-effective storage monitoring.
About TGS
TGS provides advanced data and intelligence to companies active in the energy sector. With leading-edge technology and solutions spanning the entire energy value chain, TGS offers a comprehensive range of insights to help clients make better decisions. Our broad range of products and advanced data technologies, coupled with a global, extensive and diverse energy data library, make TGS a trusted partner in supporting the exploration and production of energy resources worldwide. For further information, please visit www.tgs.com (https://www.tgs.com/).
For media inquiries, contact:
Bård Stenberg
IR & Business Intelligence
investor@tgs.com
About deepC and Azuli
deepC Store and Azuli are CCS project developers with their core area of activity in the Browse basin and Bonaparte basin in offshore Western Australia. deepC Store’s “CStore1” project has a 1st mover position in the Asia Pacific region as a commercial-scale floating CCS hub that integrates with CO2 emission facilities for covering all of the CCS value chain, being capture and liquefaction of CO2 onshore; transport by ships to the floater hub; and injection from the floater hub. More information on CStore1 is available at www.deepcstore.com.
For further details, please contact:
deepC Store:
Daein Cha
getintouch@deepcstore.com