Accelerate Carbon Capture and Storage Site Screening
To accelerate the process, we can leverage technology, expertise, and workflow solutions from the oil and gas industry. Neftex® Predictions, a DecisionSpace® 365 solution, is built upon decades of experience in gathering, attributing, and interpreting vast amounts of data to characterize the subsurface and predict the potential for hydrocarbon accumulations. These integrated multi-disciplinary workflows have been adapted to the critical aspects of predicting the potential for safe CO2 storage.
To address the pressing issue of climate change, countries and companies are committing to “net zero” goals. Yet, at the same time, fossil fuels will continue to be an essential part of the energy mix for years to come, as the transition to low carbon energy sources progresses. This means that Carbon Capture and Storage (CCS) will be of great importance in mitigating CO2 emissions.
According to the International Energy Agency (IEA), up to 310 Mt of new CO2 storage are required per year by 2030 to adhere to the Paris agreement. For this, many more CO2 storage sites must be identified and characterized, and this work needs to begin now if we are to meet climate goals. It is commonly accepted that saline aquifers will contribute a large proportion of required CO2 storage in the future. They have a vast capacity and are more widely geographically distributed than depleted oil and gas fields. With an increasing demand for effective storage of emissions, it is imperative that these targets are identified quickly and cost effectively.
Accelerate Carbon Capture and Storage Site Screening
To address the pressing issue of climate change, countries and companies are committing to “net zero” goals. Yet, at the same time, fossil fuels will continue to be an essential part of the energy mix for years to come, as the transition to low carbon energy sources progresses. This means that Carbon Capture and Storage (CCS) will be of great importance in mitigating CO2 emissions.
According to the International Energy Agency (IEA), up to 310 Mt of new CO2 storage are required per year by 2030 to adhere to the Paris agreement. For this, many more CO2 storage sites must be identified and characterized, and this work needs to begin now if we are to meet climate goals. It is commonly accepted that saline aquifers will contribute a large proportion of required CO2 storage in the future. They have a vast capacity and are more widely geographically distributed than depleted oil and gas fields. With an increasing demand for effective storage of emissions, it is imperative that these targets are identified quickly and cost effectively.
To accelerate the process, we can leverage technology, expertise, and workflow solutions from the oil and gas industry. Neftex® Predictions, a DecisionSpace® 365 solution, is built upon decades of experience in gathering, attributing, and interpreting vast amounts of data to characterize the subsurface and predict the potential for hydrocarbon accumulations. These integrated multi-disciplinary workflows have been adapted to the critical aspects of predicting the potential for safe CO2 storage.
This article will showcase:
- How Neftex Predictions uses existing hydrocarbon screening methodologies to rapidly screen and rank saline basins.
- The results of this screening approach validated against well-known storage sites like Sleipner Field.
- How Neftex Predictions and CO2 Storage, a DecisionSpace® 365 solution work together to help solve your site selection and modeling challenges.
This article will showcase:
- How Neftex Predictions uses existing hydrocarbon screening methodologies to rapidly screen and rank saline basins.
- The results of this screening approach validated against well-known storage sites like Sleipner Field.
- How Neftex Predictions and CO2 Storage, a DecisionSpace® 365 solution work together to help solve your site selection and modeling challenges.
