Quorum Software Recognized by the Global CCS Institute in 2024 State of the Art Technologies Report

Monica Monforte Barnau

The Global CCS Institute recently recognized Quorum Software in the 2024 edition of their flagship Technology Compendium publication, titled “State of the Art: CCS Technologies 2024”. Released annually, the publication showcases the latest carbon capture and storage technologies that are available on the market, providing readers with insights into the latest CCS advancements and solutions. The Global CCS Institute’s detailed coverage of Quorum’s Carbon Storage Resource Management, FLOWCAL, and PetroVR solutions (pages 204-208) underscores Quorum’s role as an industry leader, showcasing its innovative approach and substantial contributions to advancing CCS technologies. This recognition solidifies Quorum’s position as a key player in the global push for effective carbon capture and storage solutions.

Carbon Storage Resource Management

The article lists cloud-based Carbon Storage Resources Management as it allows CO2 storage operators to maximize asset value in low-carbon environments. Tracking, analyzing, and estimating the capacity of both mature and future CCS projects, the tool also provides insights into any capacity changes and their drivers in CO2 over time. It builds on the proven technology used in Quorum’s Reserves solution, widely utilized by oil and gas producers to track, estimate, and analyze oil and gas volumes in underground reservoirs.

FLOWCAL

Also honored is FLOWCAL, Quorum’s comprehensive measurement data management system. Designed to meet a complexity of needs, it ensures precise and reliable CO₂ measurement from capture, transport, to underground storage. FLOWCAL enables accuracy in the management and accounting of CO₂ in both gas and liquid states. A comprehensive operational view, proper tracking and balancing of all captured and injected CO₂, enhances operational profitability, supports future regulatory compliance and reduces financial risk.

PetroVR

PetroVR is noted as well—a comprehensive, full-cycle integrated simulation software with over 20 years of industry experience. Designed to support the planning and development of Carbon Capture, Utilization, and Storage (CCUS) projects, it enables engineers and planners to model complex assets and simulate project execution, covering reservoirs, wells, and CO2 storage facilities. Users assess economic viability, generating and comparing development scenarios. Probabilistic analysis is performed with Monte Carlo simulations. PetroVR replaces error-prone spreadsheet modeling with an integrated approach, helping CCUS operators make informed decisions, manage risks, and optimize project outcomes.

Learn more about transforming oil and gas by visiting Quorum’s website for Carbon Storage Resources Management, FLOWCAL, and PetroVR.