Enhanced Oil Recovery
Though CO2 capturing technology is relatively new, the injection of CO2 into subsurface formations has been successfully done in the United States for more than three decades. The goal of CO2 injection was to boost the recovery rates of the oil and gas fields into which it’s injected. This technique is known as a tertiary miscible form of Enhanced Oil Recovery (EOR) or in the case of gas fields, Enhanced Gas Recovery (EGR). Injection of CO2 is not only used for pressure maintenance in the reservoir but also to render the hydrocarbons more fluid (viscosity is decreased) and as such easier to extract.
Today however, the reduction of carbon emissions through CCS has become the driver for injecting CO2 into subsurface geological formations. Despite the field specific storage capabilities and incremental oil yields associated with CO2 driven EOR, Anthony Veder believes that the combination of EOR and CCS is a commercial enabler for the CCS industry. Furthermore it is to allow for a transition from subsidized pilot projects to a mature market.
Most conducted CCS studies have been mainly focused on the capturing part of the CCS chain and little on the transportation links in the chain. Given Anthony Veder’s extensive operational knowledge of liquid (CO2) gas transportation we have developed a logistical solution, for both emitters and storage providers, which offers them a cost efficient, flexible and reliable turnkey solution for their transportation and CO2 needs.
Our concept allows E&P operators to use CO2 for EOR purposes without the lengthy construction periods of pipelines and the long term exploitation required to justify the investment. EOR can only be applied during a certain time frame which demands for an easily deployable, flexible and cost efficient transportation modality i.e. shipping. Though the modes of CO2 injection vary from field to field Anthony Veder can offer both batch wise and continuous injection by adapting the scope accordingly. The later would require a floating storage at the injection site to which the CO2 carrier can offload the captured CO2.
