UPSTREAM EP ADVISORS
Where Technical Insight Meet Business Solutions
CO2 Geological Storage / Utilization)
We have in depth experience with storage project development. We can help project developers with full lifecycle support - from site screening & characterization to permitting, injection start-up way, to post closure.
The CO2 utilization and underground storage options are of three types:
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CO2 utilization in Enhanced Oil Recovery (EOR) in oil & gas reservoir (called CO2-EOR).
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Most mature; well established since 1970's. Capturing CO2 from NG processing plants
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Least regulatory challenges
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Required Class II well permit (delegated to states (42) )
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Larger number of wells poses leakages risks but equally offer opportunity to gather data
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Qualify for federal 45Q credits ($35 by 2026)
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SACROC unit in Texas successful example of CO2-EOR sInce 1970'
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2. CO2 storage in depleted oil & gas reservoirs (dedicated CO2 storage - No EOR)
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Less mature and more possible regulations
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Required Class-VI Well permit (Regulated by EPA in all states except N. Dakota)
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Larger number of wells poses leakage risks but equally offer opportunity to gather data
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Qualify for federal 45Q credits ($50 by 2026)
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3. CO2 storage in saline aquifer (Dedicated CO2 storage - No EOR)
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Least mature and highly regulated. Several risks and uncertainties
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Required Class-VI Well permit (Regulated by EPA in all states except N. Dakota)
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Few number of wells poses lower leakage risks but fewer opportunities to gather data
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Qualify for federal 45Q credits ($50 by 2026)
We can help you with lifecycle geological sequestration
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Site Characterization (Capacity, Injectivity and Containment-Plume modeling)
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Injection (Well Testing Design/Analysis: Step-Rate test /Fall-off test
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Measurement, Monitoring and Verification (MMV/MVA) plans
CO2-EOR Geologic Storage in Depleted Oil & Gas Reservoir
