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ENS5564 Unconventional Oil and Gas Resources

Final Report

Enhanced Oil recovery using CO2

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Student # 10000000

Date of Submission:

Supervisor: Dr AAAAA

Abstract

Table of Contents Abstract i 1.Introduction 1 1.1 Overview 1 1.2 Background 1 1.3 Objectives 1 1.4 Significance 1 2. CO2-EOR today: An oil production tool 2 2.1. What is CO2-EOR? 2 2.2. What happens to the injected CO2? 2 2.3. Has CO2-EOR been used to store CO2? 2 2.4 Recovery Methods and Processes 2 3. Storage Capacity 3 3.1 Adding storage to CO2-EOR: Minimum requirements for EOR+ 3 3.2 EOR+: Three models – Conventional, Advanced, Maximum StorageThe economics of increasing CO2 storage through CO2-EOR: Illustrative cases 3 3.3 Capital and operating costs 3 3.4 The “CO2 supply price” 3 3.5 The oil price received by EOR+ operators 3 3.6 NPV of the different EOR+ models 3 3.7 Price drivers for Conventional, Advanced and Maximum Storage EOR+ 3 3.8 Issues on Implementing Storage in conjunction with EOR 3 4.0 The global technical potential for EOR+ for CO2 storage and oil production is large 3 4.1 The aggregate technical potential for storage and oil recovery 4 4.2 Geographic distribution of technical potential 4 5.0 Annex 1. Technical aspects of a hypothetical CO2-EOR+ case study 4 6.0 Production and injection profiles 4 7.0 Summary 4 8.0 Conclusion 4 References 5

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3.2 EOR+: Three models – Conventional, Advanced, Maximum StorageThe economics of increasing CO2 storage through CO2-EOR: Illustrative cases

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