Oil & Gas Technology Blog

Oil & Gas Technology

The Oil & Gas Technology Blog is the place for conversation and discussion about Drilling, Refining, Exploration, and Distribution. Here, you'll find everything from application ideas, to news and industry trends, to hot topics and cutting edge innovations.

Previous in Blog: Gasoline Good, Ethanol Bad?   Next in Blog: Fussy Eaters Decline Feedstocks
Close
Close
Close
2 comments
Rate Comments: Nested

Sequestering CO2: Who Pays? Who Benefits?

Posted February 15, 2010 7:40 AM

Injecting high-pressure CO2 into aging oil wells, known as enhanced oil recovery (EOR), helps reduce viscosity and increase production. The DOE says over half of our domestic fields can benefit from this technology. A power producer in Texas plans to build a 400 MW power plant, capture 90 percent of the emissions, and sell 3 million tons of carbon dioxide to oil fields across the Southwest. Is there something wrong with these economics? Aren't well owners doing a favor by helping sequester the CO2, and shouldn't they share the benefits?

The preceding article is a "sneak peek" from Oil & Gas Technology, a newsletter from GlobalSpec. To stay up-to-date and informed on industry trends, products, and technologies, subscribe to Oil & Gas Technology today.

Reply

Interested in this topic? By joining CR4 you can "subscribe" to
this discussion and receive notification when new comments are added.
Guru

Join Date: Feb 2009
Location: Tamilnadu, India
Posts: 836
Good Answers: 42
#1

Re: Sequestering CO2: Who Pays? Who Benefits?

02/16/2010 11:57 AM

Sequestering CO2 is a post mortum remedy.

With so much of resources and options available, burning physical resources is a destructive way of seeking energy. Burnings also lead to non convertibility and recyclable aspects of end products.

If non burning based, non heat involved energy solutions are favoured by technology, we can relax out and enjoy life on the planet with minimal botherations.

Green and abundant electricity and all conversions to electricity based operation could a strong solution to the planet and save us from uncertain agonies.

__________________
Nature is so graceful and naked. Human possession is ridiculous.
Reply
Guru

Join Date: Dec 2007
Posts: 588
Good Answers: 13
#2

Re: Sequestering CO2: Who Pays? Who Benefits?

02/23/2010 2:01 PM

the cost to recover CO2 from a power means that the power plant will consume 30% of its own production. A 400 MW powerplant will make 2 tons per year of CO2 if burning coal, even less if buring natural gas.

Since there are wells that produce 100% pure CO2, the cost of the CO2 is extremely cheap, you can't install the equipment to recover CO2 for as cheap as the wells produce it.

Reply
Reply to Blog Entry 2 comments

Previous in Blog: Gasoline Good, Ethanol Bad?   Next in Blog: Fussy Eaters Decline Feedstocks

Advertisement