In co2 flood eor, co2 is injected into an oil reservoir to reduce oil viscosity, reduce interfacial tension, and cause oil swelling which improves oil recovery. Significant quantities of oil can be extracted using enhanced oil recovery eor methods. Pennwell books, division of pennwell publishing company, 155 p. A case history, spe paper 12704 presented at the spedoe fourth symposium on enhanced oil recovery april 1618, 1984. London, june 22, 2015 prnewswire report details carbon dioxide co2 enhanced oil recovery eor has been successfully used in the us for around 40 years. North dakota co2 eor recovery economics and economic impact. The economics of enhanced oil recovery eor in the ukcs and. Enhanced oil recovery field case studies by james j. Advanced resources international is a consulting, research and development firm providing services related to unconventional gas gas shales, coalbed methane and tight sands, enhanced oil recovery eor, and carbon capture, utilization and storage ccus. A rogue economist explores the hidden side of everything hardcover by.
The economic value of co2 for eor applications sciencedirect. Meanwhile, several companies and government agencies are making significant investments in research for eor in unconventional plays, particularly in the bakken. Background and context in a mature petroleum province such as the uk continental shelf ukcs the attainment of maximum economic recovery should clearly be regarded as a priority. Co2 helps chaparral keep north burbank field productive by. The 167page report provides clear detailed insight into the global carbon dioxide co2 enhanced oil recovery eor. A major factor, of course, is the price of crude oil, e. Enhanced oil recovery enhanced coalbed methane recovery. This is a technoeconomic simulator for co2 enhanced oil recovery co2 eor, which applies limited foresight and real options analysis to make realistic investment decisions on projects with significant uncertainties and thus risk.
Enhanced oil recovery eor processes are well known for their efficiency in incrementing oil production. Using captured co2 for enhanced oil recovery co2eor can improve the economics of the technology. Screening eor property hc gas co2 n2flue css steam sagd hot water polymer asp oil api 3040 22 40 835 820 712 1035 15 20. Already the co2eor is highly dependent on a variety of rapidly changing economics. Production profile we used single well model flat production for a 10 year cycle field production created by applying schedule of drilling or conversion of injector wells co2 eor production may occur independently of primary production profile. An inquiry into the nature and causes of the wealth of nations by. Carbon dioxide co2 enhanced oil recovery eor market 2015.
Co2 helps chaparral keep north burbank field productive. One of the main methods of this type is co2eor, which also has a positive impact on the environment as it results in the practically permanent storage of co2, the main greenhouse gas ghg. Heavy oil, enhanced oil recovery an enhanced oil recovery method in which carbon dioxide co 2 is injected into a reservoir to increase production by reducing oil viscosity and providing miscible or partially miscible displacement of the oil. While initial co2 eor developments used naturally occurring carbon dioxide deposits, technologies have been. Economic evaluation on co2eor of onshore oil fields in china. In co2flood eor, co2 is injected into an oil reservoir to reduce oil viscosity, reduce interfacial tension, and cause oil swelling which improves oil recovery.
Co2 storage coupled with enhanced oil recovery kun sang lee. Ief gccsi symposium algiers june 2010 eor projects worldwide 140 projects for co 2 total 121 19 148 28 17 4 1 5 3 2 37 1 others 1 10 82 21 1 1 3 1 canada 7 14 1 3 1 1 22 usa 101 5 45 12 2 1 3 3 1 12. Despite industry economics preventing widespread implementation of eor efforts, the eor market may be one of the next to emerge in the industrys recovery from low oil prices. Humanengineered capture of co2 emissions at the point source and subsequent longterm storage of this co2 underground represent a potential mitigation strategy for global warming. Information administration eia notes that the longterm decline in u. Areas covered include steam and polymer flooding, use of foam, in situ combustion, microorganisms, smart waterbased eor in carbonates and sandstones, and many more. Levitt shelved 4275 times as economics avg rating 3. The economics of enhanced oil recovery eor in the ukcs. In this brand new report you will find 123 indepth tables, charts and graphs. Enhanced oil recovery shop and discover books, journals. Wy employment contribution from co2 eor operations total project life job years 3,893 0 50 100 150 200 250 300 350 400 upfront capital investments. Crude oil production using carbon dioxideenhanced oil recovery, known as co2eor, is forecast to increase after 2017, according to the u. In the context of this book, any strategy that ultimately increases oil and gas recovery is under consideration for eor decisions.
In this paper, we present what is to our knowledge the first theoretical economic analysis of co2 enhanced oil recovery eor. Carbon dioxide enhanced oil recovery national energy technology. Consecutive project decisions are taken based on a decision tree. Ravagnani a, ligero e l and suslick s b 2009 co2 sequestration through enhanced oil recovery in a mature oil field j. Spe hydrocarbon economics and evaluation symposium. In the enid project in oklahoma us, ammonia, liquid fertiliser and urea are produced providing a high purity co 2 using selexol process which is dehydrated, compressed and transported for enhanced oil recovery in a capacity of. Enhanced oil recovery for specific projects, the complex interactions between the injected co2 and reservoir oil are modeled to assess the likely performance of a proposed co2 eor project. Coupled ccseor technology has become increasingly important, as it overcomes the respective shortcomings of the two technologies. The implementation of eor is intimately tied to the price of oil and overall economics.
Whereas previous texts have primarily focused on carbon capture and storage ccs and enhanced oil recovery eor separately, this book provides a general overview of both technologies when used together. This paper investigates the economic viability of conducting co2 eor operations in small to mediumsize fields under todays market conditions. Enhanced oil recovery eor process recovers oil not produced by primary or secondary recovery improves sweep efficiency in the reservoir by the injection of materials not normally present can reduce remaining oil saturation produce oil trapped by capillary forces residual oil produce oil in areas not flooded by earlier injections bypassed. Economics of carbon capture and storage intechopen. Using captured co2 for enhanced oil recovery co2 eor can improve the economics of the technology. The most detailed part of their analysis is the reservoir simulations they conduct to. However, since the co2 source and distribution infrastructure are in place, many smaller oil fields may be candidates for co2 enhanced oil recovery eor.
A treasury green book public sector real discount rate. Eor processes, opportunities and technological advancements. Our firm has expertise in the technologies, markets, environmental and regulatory issues, and economics of co 2 enhanced oil recovery co 2 eor in depleted oil as well as shale oil reservoirs. Eor co feasibility issues economics and business cases. Cooptimization of enhanced oil recovery and carbon sequestration. Co2 storage coupled with enhanced oil recovery kun sang. The following storage options were evaluated in this study.
One of the main methods of this type is co2 eor, which also has a positive impact on the environment as it results in the practically permanent storage of co2, the main greenhouse gas ghg. Fundamentals of carbon dioxideenhanced oil recovery eora. Life cycle inventory of co2 in an enhanced oil recovery system. Western texas intermediate that is the benchmark for the north american market. The co2 mobilized oil in the reefs, and the operator produced 294 321 metric tons 2 290 000. Ghomian et al evaluates the economics of co 2 eor value chain in a similar fashion to our analysis. Either the page is no longer relevant or consensus on its purpose has become unclear. While single co2based innovations are entering the markets, the possible economic effects of a largescale co2 utilization still remain unclear to policy makers and the public. They consider costs of carbon capture, transportation of captured co 2 to oil field and eor operations in a discounted cash flow analysis. In addition, the large scale availability of steady and massive amounts of highly compressed co2 at the injection site is a major consideration at.
Large co2 storage volumes result in net negative emissions. Carbon dioxide eor co2 eor is the method that is gaining the most popularity. Economics of carbon dioxide capture and utilizationa. Based on the output of this modeling, the cost of the proposed co2 flood is calculated. Advancement in enhanced oil recovery eor seminar report submitted in partial fulfillment of the requirements for the degree of bachelor of technology in petroleum engineering submitted by amit nitharwal 385 enrolment no.
A couple of studies provide relevant background to this present letter. Practical aspects of thermal eor an advanced course. Carbon dioxide co2 enhanced oil recovery eor market 20192029. To revive discussion, seek broader input via a forum such as the village pump. The potential for utilization and storage of captured co 2 via eor in ohio exists in depleted oilfields that contain as much as 8090% of the original oil in place ooip due to poor primary recovery sutton, 1965, overby and henniger, 1971, riley et al. This paper examines the potential for co2eor in the north sea region.
North dakota co2 eor recovery economics and economic. The continuously increasing share of renewable energy sources res and eu targets for co 2 reduction and energy efficiency necessitate significant changes both on technical and regulatory level. Fundamentals of carbon dioxide enhanced oil recovery co2 eora supporting document of the assessment methodology for hydrocarbon recovery using co2 eor associated with carbon sequestration by mahendra k. Carbon dioxide co2 enhanced oil recovery eor market. Summary of carbon dioxide enhanced oil recovery co 2 eor injection well technology supporting information provided by james p. Enhanced oil recovery field case studies bridges the gap between theory and practice in a range of realworld eor settings. While most works on ccs in connection with co2 eor credit all the benefit of the additional oil production to the ccs entity, this work investigate the impact of. Hence, this chapter presents an overview of different eor techniques currently applied in oil fields, the opportunities associated with these techniques, key technological. Emissions were documented in a greenhouse gas emission life cycle analysis of 22 years of co2enhanced oil recovery co2eor operations for a site in the northern michigan basin, u. The economics of co2eor cluster developments in the uk central north sea. Companies in the eor business currently book around. This paper presents a bigpicture overview of eor technologies with the focus on challenges and opportunities. Previous studies suggest that substantial amounts of co2 from power plants could be sequestered in eor projects, thus reducing.
The systemwide economics of a carbon dioxide capture. Background and context in a mature petroleum province such as the uk continental shelf ukcs the attainment of maximum economic. Considering economic and geological uncertainty in the. Also, ari is a leading researcher in the use of n 2 and co 2 to improve natural gas recovery from coal seam and shale gas systems. Tertiary recovery, or eor, is a set of techniques that enable to increase the global recovery factor beyond the 35 to 40 percent target. Already the co2 eor is highly dependent on a variety of rapidly changing economics. The definitions of eor will be explored in detail, but the authors introduce. Enhanced oil recovery eor has been identified as a method of sequestering co2 recovered from power plants. Also, ari is a leading researcher in the use of n 2 and co 2 to improve natural gas. North dakota co2 eor recovery economics and economic impact february 2016.
Ohio ranks among the top ten states for highest coalproduction, electricity generation, and co 2 emissions in the u. Popular economics books showing 150 of 41,115 freakonomics. The capture co 2 after compression and dehydration is injected into the north burbank unit for enhanced oil recovery. The economics of co2 eor cluster developments in the uk central north sea. This is a technoeconomic simulator for co2enhanced oil recovery co2eor, which applies limited foresight and real options analysis to make realistic investment decisions on projects with significant uncertainties and thus risk. Energy information administration, when higher oil prices will combine with declining oil output. Carbon dioxide enhanced oil recovery co2eor and sequestration in depleted oil reservoirs is a plausible option for utilizing anthropogenic co2 to increase. Fundamentals of carbon dioxideenhanced oil recovery co2eora supporting document of the assessment methodology for hydrocarbon recovery using co2eor associated with carbon sequestration by mahendra k. In this sense, it focuses on the decisionmaking that leads to launching eor projects. Alain labastie, a former president of the society of.
Gemma heddle, michael klett, bert bock, richard rhudy and howard herzog sponsor. The technological and economic prospects for co2 utilization. Lately, the technical research on carbon dioxide capture and utilization ccu has achieved important breakthroughs. Co2 oil recovery enhanced oil recovery carbon dioxide. Fundamentals of carbon dioxideenhanced oil recovery co2eor. International journal of greenhouse gas control 25. This paper examines the potential for co2 eor in the north sea region. This chapter uses economic theory to describe the costs. The socalled carbon capture and storage ccs projects are technically feasible but have not been well established from an economic efficiency perspective. During primary recovery, the natural pressure of the reservoir or gravity drive oil into the wellbore, combined with artificial lift techniques such as pumps which bring the oil to the surface. Co2 eor economics for smalltomediumsize fields onepetro.
Impact of storage tax credit on economic viability of co2 storage with eor. A critical domestic energy, economic, and environmental. Crude oil production using carbon dioxideenhanced oil recovery, known as co2 eor, is forecast to increase after 2017, according to the u. But the challenges for implementing co 2 eor across unconventional resources are the same that are familiar to the industry when facing just about any other challenge. Application of existing fiscal system and alternative incentives development of co2 eor economic model cost and sale price of co2. Scottish businesses to take full advantage of the economic benefits of co2eor. This page is currently inactive and is retained for historical reference. Limitations in current legal and regulatory frameworks for co2 injection are explored for both economic and environmental purposes, as well. Co2 sequestration is the injection of large quantities of co2 into underground. At the site, co2 was cycled through a series of 10 carbonate reef structures 15002000 m deep in the subsurface. Based on this, the ocean storage systems need to be designed to handle three times the quantity of co2, i. Wy employment contribution from co2 eor operations total project life job years 3,893 0 50 100 150 200 250 300 350 400. Ief gccsi symposium algiers june 2010 eor projects worldwide 140 projects for co 2 total 121 19 148 28 17 4 1 5 3 2 37 1 others 1 10 82 21 1 1 3 1 canada 7 14 1 3 1 1 22 usa 101 5 45 12 2 1 3 3 1 12 planning 12 4 7 6 1 2 bac m i hw m i steam pol ic sap.