THE CARBON UTILIZATION AND STORAGE PROJECT OF THE WESTERN USA: A VIEW FROM THE OIL PATCH
Why are we, in the oil patch, a vital resource for a project like CUSP? The Permian Basin has been utilizing CO2 in Enhanced Oil Recovery Projects for over 50 years. We have experience in almost all aspects of CO2 Utilization and Storage including Contracts, Sources, Transportation, CO2 in the Field (surface), CO2 in the Reservoir, Retention and Storage in Conventional Reservoirs, safety, lessons from long term storage projects, and recent expansion of CCUS into Residual Oil Zones (ROZs), and exploratory studies for CCUS in unconventional reservoirs. Additionally, oil field experience provides knowledge of costs associated with capture, compression, pipelines, and purity which typically are not considered when “Pricing” a capture and storage project. Storage in depleted oil fields is both similar to and different from storage in brine aquifers. The “sunk cost” of surface facilities and well bores in existing fields is a key advantage of CO2 utilization and storage projects in developed basins. The presence of well-defined reservoir characteristics, barriers to horizontal and vertical flow in Permian Basin reservoirs, porosity and permeability relationships, and the presence of “Ultimate Seals” make basins like the Permian ideal site for geologic storage of CO2.