Opportunities For A CO2-Enhanced Oil Recovery Project In The North Sea: Analysis Of Profitability And Environmental Impact

K. Welkenhuysen; T. Compernolle; B. Meyvis; M. Moretti; K. Piessens; P. Roefs; R. Swennen

doi:10.3997/2214-4609.201802969

oa Opportunities For A CO2-Enhanced Oil Recovery Project In The North Sea: Analysis Of Profitability And Environmental Impact
Authors K. Welkenhuysen¹, T. Compernolle³, B. Meyvis¹, M. Moretti^4,5, K. Piessens¹, P. Roefs³, R. Swennen²
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Affiliations: ¹ Royal Belgian Institute of Natural Sciences - Geological Survey of Belgium ² KU Leuven - Department of Earth and Environmental Sciences ³ University of Antwerp - Department of Economics ⁴ Hasselt University - Centre of Environmental Sciences ⁵ University of Liege - Gembloux Agro-Bio Tech, Economy and Rural Development Unit
Publisher: European Association of Geoscientists & Engineers
Source: Conference Proceedings, Fifth CO2 Geological Storage Workshop, Nov 2018, Volume 2018, p.1 - 4
DOI: https://doi.org/10.3997/2214-4609.201802969

Abstract

Summary

The economic and environmental impact of an integrated CO2-EOR project in the Buzzard field in the North Sea is investigated through a life cycle analysis, a standard economic analysis and a more advanced geo-economic simulation. Results show the benefits of combining EOR with CO2 storage. However, the current economic environment provides insufficient long-term outlooks to justify the investment.

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2018-11-21

2024-04-25

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References

Roefs, P., Moretti, M., Welkenhuysen, K., Piessens, K. & Compernolle, T.
[in press] CO2-enhanced oil recovery and CO2 capture and storage: an environmental economic trade-off analysis. 13th Conference on Sustainable Development of Energy, Water and Environment Systems (SDEWES), Palermo, 2018.
[Google Scholar]
Welkenhuysen, K., Meyvis, B., Swennen, R., & Piessens, K.
[in press] Economic threshold of CO2-EOR and CO2 storage in the North Sea: a case study of the Claymore, Scott and Buzzard oil fields. International Journal of Greenhouse Gas Control.
[Google Scholar]

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Opportunities For A CO2-Enhanced Oil Recovery Project In The North Sea: Analysis Of Profitability And Environmental Impact

Conference Proceedings 2018, 1 (2018); https://doi.org/10.3997/2214-4609.201802969

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oa Opportunities For A CO2-Enhanced Oil Recovery Project In The North Sea: Analysis Of Profitability And Environmental Impact

Abstract

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The natural combination of full and image‐based waveform inversion

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Characterizing the effect of elastic interactions on the effective elastic properties of porous, cracked rocks

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Laboratory measurements of guided‐wave propagation within a fluid‐saturated fracture