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Canadian Discovery Ltd. Announces Completion of CO2 Storage Site Screening Tool in Southern United States, Canadian Business Journal

GLOBE NEWSWIRE, Alberta, March 14, 2022 — Canadian Discovery Ltd. (CDL), an independent global energy information services company headquartered in Calgary, Alberta, Canada, recently partnered with TGS to launch Carbon AXIOM. I completed it. This first phase covers parts of the land in the southern Gulf of the United States.

Carbon AXIOM is an online candidate for EOR in southeastern Texas, southern Louisiana, and southern Mississippi, designed to screen and evaluate depleted oil and gas pools, whether they are suitable for isolating CO2. It is a tool. The unique value of Carbon AXIOM lies in the database of CDL designs that integrates proprietary and public datasets including formation tops, production forecasts, temperature models, pressure profiles, reservoir and fluid characteristics. These standardized attributes provide the basis for comparing and ranking CO2 storage opportunities across a wide area based on estimates of CO2 storage capacity, uncertainty, and risk factors. Users can visualize and filter opportunities using TGS’s user-friendly Carbon AXIOM web application, and emitters can identify potential storage locations near the facility.

Hydrocarbon pools were created by combining wells in the field produced from the same formation. Pools were aggregated into storage units by combining laterally adjacent pore spaces within equivalent reservoir units. Approximately 7,000 potential storage units over 87,000 square miles were evaluated.

Carbon AXIOM is one of many clean technology solutions offered by CDL throughout North America. In March 2020, CDL and TGS completed the Carbon Recovery and Storage Assessment Atlas covering British Columbia, Canada, and in 2021, CDL will conduct regional geology to assess CO2 opportunities in the Sixika Hub in the Calgary region. Completed the Target and Hydrogeological Project. CDL is currently involved in the Lithium Brine Forming Water Database Project in collaboration with Geoscience BC and Matrix Solutions. CDL’s 2022 Clean Technology Project lineup includes Deep Salt Aquifer CO2 Isolation Research and the Geothermal Atlas in Alberta.

For more information on CDL’s other recent CCUS projects and initiatives, please visit canadiandiscovery.com/CCUS. Alternatively, request a Carbon AXIOM demo on TGS.com.

About Canadian Discovery Ltd.
Canadian Discovery Ltd. (CDL) is an independent, global energy information services company headquartered in Calgary, Alberta, Canada. As a global leader in reservoir-to-basin scale assessments, we specialize in the assessment of underground properties, pressures, fluid flows, fluid chemistry and geomechanics. CDL’s extensive underground knowledge and GIS capabilities support clean technologies including carbon sequestration and storage (CCUS), critical minerals, geothermal energy, water treatment and procurement solutions. Our deep understanding of sedimentary environments and the interaction of underground fluids with rocks has been the core competence of CDL for 35 years. We use this foundation to strategically provide CCUS site identification, critical mineral and deep geothermal assessments to clients around the world.

About TGS
TGS provides scientific data and intelligence to companies operating in the energy sector. TGS offers a global, extensive and diverse energy data library, as well as cloud-based data applications and solutions, as well as specialized services such as advanced processing and analytics.

Please contact Canadian Discovery Ltd.
info@canadiandiscovery.com
+1 403 269 3644
500, 622 – 5 Avenue SW
Calgary, Alberta, Canada, T2P 0M6
www.canadiandiscovery.com

Photos accompanying this announcement are available at https://www.globenewswire.com/NewsRoom/AttachmentNg/04507c33-8f34-40ba-b571-c2e8e9f2b34c.


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Canadian Discovery Ltd. Announces Completion of CO2 Storage Site Screening Tool in Southern United States, Canadian Business Journal

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