Screening Methodology for Regional-scale CO2 EOR and Storage Using Economic Criteria
| Autor: | Scott M. Frailey, Christopher P. Korose, Charles C. Monson |
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| Rok vydání: | 2014 |
| Předmět: |
Engineering
geography Resource (biology) geography.geographical_feature_category Petroleum engineering business.industry Scale (chemistry) Illinois Basin economics carbon storage Sedimentary basin Commercial Sources Structural basin spatial screening Energy(all) Revenue enhanced oil recovery Enhanced oil recovery business Economic potential |
| Zdroj: | Energy Procedia. 63:7796-7808 |
| ISSN: | 1876-6102 |
| Popis: | Clean energy technologies are driving development of new commercial sources of anthropogenic CO 2 , opening the possibility of carbon dioxide enhanced oil recovery (CO 2 EOR) in new areas. Evaluation of the economic potential of CO 2 EOR at the regional scale (e.g., a geologic basin or sub-basin) may solicit interest to implement CO 2 EOR projects in these areas. This paper outlines a screening methodology for adding economics to an existing CO 2 EOR bulk resource assessment for a sedimentary basin. To carry out this methodology, a field development strategy is chosen; estimates of expenses, revenues, and production and injection streams are made; economic screening of hypothetical mature fields of different sizes is carried out; field sizes which are likely to be able to support CO 2 EOR under the given conditions are identified; and a new basin-scale resource estimate is obtained by applying the economic screening results to the bulk resource estimate. A screening example using this methodology to assess CO 2 EOR with 16-ha (40-ac) five-spot patterns in the Illinois Basin, USA (the Basin) is presented. |
| Databáze: | OpenAIRE |
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