|
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.
|