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CHOA Partner Event: Feasibility of CCUS to CO2-EOR in Alberta
December 11, 2020 @ 12:00 pm - 1:00 pm
Carbon Capture Utilization and Storage (CCUS) is a critical mitigation technology in the fight to reduce global emissions and CO2 utilization through Enhanced Oil Recovery (EOR) is an influential economic driver. This study presents a method and techno-economic model that considers reservoir suitability for CO2-EOR and price conditions at which CO2 projects become feasible and applies financial levers to identify cumulative CO2 storage potential and incremental oil recovery in Alberta. The results demonstrate that CO2-EOR in Alberta has the potential to store between 131Mt and 1.3Gt of CO2 at a break-even field-delivered CO2 price of $60/tonne. There are, however, a limited number of economic pool-clusters with material CO2 storage potential. Financial levers can bridge the gap in CO2 supply price and reduce economic risks for CO2-EOR projects to promote the further deployment of CCUS to CO2-EOR in Alberta.
Richard has an undergrad in Chemical Engineering with over 10 years of operations, development, and reservoir engineering experience both in Canada and the UK. Richard recently completed his MSc. in Sustainable Energy Development at the University of Calgary.
Special thanks to the Ovintiv Corporation for sponsoring the Society of Petroleum Engineers Young Professionals technical events