Carbon Storage Resources Management

Carbon Storage Resources Management by Quorum Software is a cloud-based platform designed to help energy companies track, estimate, and analyze CO2 storage resources across their entire portfolio of assets. This technology serves as a comprehensive solution for managing underground CO2 storage, which is increasingly valuable as a cash-flow generating asset in the low-carbon energy transition.

The platform functions as a single source of truth, capturing CO2 storage resource volumes alongside approvals and supporting documentation. It supports the Society of Petroleum Engineers' Storage Resources Management System (SRMS) framework, which provides industry-standard guidelines for managing and reporting CO2 storage resources. The system categorizes storage assets by project maturity, from operational "capacity" to less mature "contingent storage resources" and "prospective storage resources."

Key features include seamless data integration from multiple sources, multi-tiered approval workflows, robust security for audit compliance, and company-specific data quality checks to reduce errors. The technology reconciles year-over-year changes in storage capacity, helping operators understand factors driving fluctuations in reservoir estimates.

Built on Quorum's proven Reserves application technology, which has been successfully used in oil and gas operations, this solution scales for companies of all sizes. It enables engineers to spend less time gathering data and more time on analysis and decision-making, while preparing organizations for future regulatory reporting requirements in the evolving carbon storage market.