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MTS WEBINAR - was held on March 28, 2024, 4:00 PM CDT (UTC-5)
Gauging Success: Benchmarking Carbon Sequestration
By Peter Kirkham
Moderated by: Maria A. Capello
Join for the upcoming webinar of the Management Technical Section!
Registration is open and free for MTS members:
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Abstract
Executive Summary
The energy transition is driving fundamental changes in the way we consume and manage energy. One part of the toolkit to achieve net zero involves the storage of carbon dioxide (CO2) in subsurface reservoir formations, or carbon sequestration.
Whilst the injection of CO2 into subsurface formations for permanent storage is a relatively new concept, the technical fundamentals of CO2 injection have been around and practiced by the oil industry for decades. This suggests that there should be a good basis from which the costs for CO2 sequestration can be determined.
Injection is just one part of the puzzle. The full value chain, by necessity, also involves the capture of carbon dioxide, transportation to the disposal site, and finally storage in the subsurface. What is the interaction between these different components in a carbon capture and storage (CCS) project and how can we benchmark the performance of these projects? What are the key metrics that should be examined?
This “Think Tank” interactive webinar presents an overview of the current status of CCS projects in the world and highlights key aspects related to the benchmarking of CCS project performance.
Bio
Peter Kirkham is an engineer at Twinza Oil and a committee member of the SPE Management Technical committee. Prior to Twinza Oil Peter worked as a consultant at a leading project benchmarking organisation where he was involved in the evaluation of more than 100 oil and gas projects from early concept through to post start-up. At Twinza Oil, Peter has been building reservoir models for the company’s Pasca A development, including investigating the practicality of carbon sequestration into the future depleted reservoir or aquifer.
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