Belltree joins NECCUS in the pursuit of driving Energy Transition and CO2 Storage Advancements

[Edinburgh, 24/01/2024] – Belltree, a global software and service provider within the energy sector, has joined NECCUS in a strategic alliance to help accelerate the energy transition in Scotland and beyond. Belltree brings expertise in asset performance benchmarking and the development of innovative tools to drive the energy transition.

The collaboration between NECCUS and Belltree brings together industry-leading expertise and a shared commitment to driving the changes and programs necessary to combat carbon emissions. By joining NECCUS, Belltree will have the opportunity to connect with industry stakeholders, contributing their knowledge and innovative tools for Carbon Capture and Storage Projects.

Belltree leads the Energy Transition with new CCS Technology

Recognizing the need to adapt to the evolving energy landscape, Belltree has diligently expanded its focus to the energy transition. They have developed bMark™ CCS, aimed at helping decision makers navigate co2 storage sites and de-risk Carbon Capture and Storage (CCS) projects, empowering governments and operators worldwide in their pursuit of net-zero carbon goals.

With an accomplished team of reservoir engineers, geologists, and data scientists, Belltree is an established and trusted partner for government regulators, national oil companies (NOCs), and international oil companies (IOCs). Their innovative software, bMark™, is a standard for key decision makers in the industry, enabling them to minimize risks and make informed investment decisions.

bMark™ sets itself apart by identifying and interrogating asset underperformance through its intuitive interface. This powerful tool provides customers with access to global data, advanced analytics, and predictive benchmarks to optimize portfolio performance. By leveraging this technology, decision makers can maximize asset potential and uncover hidden reserves potential in a sustainable manner.

“This collaboration with NECCUS represents an exciting step for Belltree,” said Rod Clark, Managing Director at Belltree. “We are committed to leveraging our industry experience and innovative technology to drive meaningful change. By working with NECCUS and its esteemed members, we are confident that we can make a significant impact in the CCS space and contribute to scale-up the energy transition”

About NECCUS

NECCUS is an alliance of industry, government, and experts united by their determination to drive the necessary changes and programs to reduce carbon emissions from industrial sources in Scotland and beyond.

About Belltree

Belltree is a global software provider and consultancy with a focus on the Upstream Oil and Gas Industry. Their team of reservoir engineers, geologists, and data scientists are trusted partners of government regulators, NOCs, and IOCs for over 15 years. Their innovative software, bMark™, enables key decision makers to minimize risks and optimize portfolio performance.

For media inquiries, please contact: info@belltreegroup.co.uk, Grant Stewart, BD Director

Technical assurance given at Final Investment Decision

Greenfield oil development offshore Mexico; 1500MMstb in place

  • bMark™ helped identify twelve (12) key producing analogues, in the Gulf of Mexico.
  • Data analytics & benchmarking performed on the reservoir data. Production profiles, recovery factor forecasts & development plan supporting the FID case
  • Insights supported the FID mid-case plan & forecasts, whilst also provided guidance on areas for further modelling & sensitivity analysis.

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