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Forecasting CO2 Sequestration with Enhanced Oil Recovery

Forecasting CO2 Sequestration with Enhanced Oil Recovery

Hardcover

General Science

ISBN10: 3036559159
ISBN13: 9783036559155
Publisher: Mdpi AG
Published: Dec 14 2022
Pages: 310
Weight: 1.91
Height: 1.00 Width: 6.69 Depth: 9.61
Language: English

The aim of carbon capture, utilization, and storage (CCUS) is to reduce the amount of CO2 released into the atmosphere and to mitigate its effects on climate change. Over the years, naturally occurring CO2 sources have been utilized in enhanced oil recovery (EOR) projects in the United States. This has presented an opportunity to supplement and gradually replace the high demand for natural CO2 sources with anthropogenic sources. There also exist incentives for operators to become involved in the storage of anthropogenic CO2 within partially depleted reservoirs, in addition to the incremental production oil revenues. These incentives include a wider availability of anthropogenic sources, the reduction of emissions to meet regulatory requirements, tax incentives in some jurisdictions, and favorable public relations.

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