120: Creating a trillion-dollar business

Josef Paffenholz discusses the next trillion-dollar business and how SEG's SEAM project could play an essential role in its creation. The SEG Advanced Modeling (SEAM) Corporation initiative is a collaborative industrial research effort that has created and continues to create large-scale, leading-edge geophysical numerical simulations. The initiative has advanced “the science of geophysics through SEAM’s open collaborative and cooperative research model involving industry, government, and academia.” In this exciting conversation, Josef highlights why the oil and gas sector represents the best source to tackle industrial-scale carbon storage, why he believes it's dangerous to link carbon storage to the oil price, and how advanced simulations like SEAM could ignite this trillion-dollar business. Josef Paffenholz is a retired research geophysicist and currently works as a consultant for SEAM to prepare a possible carbon sequestration project. Visit https://seg.org/podcast for the complete show notes. SPONSOR This episode is sponsored by TGS. TGS offers a wide range of energy data and insights to meet the industry where it’s at and where it’s headed. TGS provides scientific data and intelligence to companies active in the energy sector. In addition to a global, extensive and diverse energy data library, TGS offers specialized services such as advanced processing and analytics alongside cloud-based data applications and solutions. Visit https://www.tgs.com/ to learn more. CREDITS Original music by Zach Bridges. This episode was hosted, edited, and produced by Andrew Geary at 51 features, LLC. Thank you to the SEG podcast team: Ted Bakamjian, Kathy Gamble, Ally McGinnis, and Mick Swiney.