CCS to Enhance US Oil Production
CCS to Enhance US Oil Production
The US has an opportunity to increase its energy independence, slash foreign oil imports by as much as half by 2030, and cut carbon emissions through EOR with CCS, according to new analysis by Advanced Resources International (ARI).
EOR with CCS would help drive domestic economic growth and increase US oil reserves, says the report "U.S. Oil Production Potential from Accelerated Deployment of Carbon Capture and Storage".
Clean energy and climate legislation that is being considered in the U.S. Congress is projected to lead to large volumes of captured CO2 from power plants and other industrial sites, sufficient to fully develop oil recovery potential in existing U.S. oil fields.
The report finds that carbon capture stimulated by federal clean energy and climate legislation could boost U.S. oil production between 3 to 3.6 million barrels per day, cutting imports of crude oil up to 40 percent compared to today’s levels and up to 52 percent by 2030 (based on 2009 figures), depending on how much of the captured CO2 is used for enhanced oil recovery purposes.
This CO2-enhanced domestic oil production would help keep more than $700 billion in the U.S. economy, employing tens of thousands American workers, while increasing state and Federal revenues between $190 and $210 billion.
more
Labels: EOR-CCS clean energy legislation
http://www.adv-res.com/pdf/ARI%20CCS-CO2-EOR%20whitepaper%20FINAL%203-10-10.pdf
The US has an opportunity to increase its energy independence, slash foreign oil imports by as much as half by 2030, and cut carbon emissions through EOR with CCS, according to new analysis by Advanced Resources International (ARI).
EOR with CCS would help drive domestic economic growth and increase US oil reserves, says the report "U.S. Oil Production Potential from Accelerated Deployment of Carbon Capture and Storage".
Clean energy and climate legislation that is being considered in the U.S. Congress is projected to lead to large volumes of captured CO2 from power plants and other industrial sites, sufficient to fully develop oil recovery potential in existing U.S. oil fields.
The report finds that carbon capture stimulated by federal clean energy and climate legislation could boost U.S. oil production between 3 to 3.6 million barrels per day, cutting imports of crude oil up to 40 percent compared to today’s levels and up to 52 percent by 2030 (based on 2009 figures), depending on how much of the captured CO2 is used for enhanced oil recovery purposes.
This CO2-enhanced domestic oil production would help keep more than $700 billion in the U.S. economy, employing tens of thousands American workers, while increasing state and Federal revenues between $190 and $210 billion.
more
Labels: EOR-CCS clean energy legislation
http://www.adv-res.com/pdf/ARI%20CCS-CO2-EOR%20whitepaper%20FINAL%203-10-10.pdf
Labels: EOR-CCS clean energy legislation, federal clean energy legislation, usa
posted by powerplantccs at
7:00 PM
3 Comments:
Productively using CO2 to enhance oil recovery is neither a new nor an exotic technology.
CO2 storage potential in depleted oil fields could increase substantially beyond the original oil recovery target, with an even greater volume of potential incremental oil recovery.
Capturing CO2 at source points, such as fossil fuel burning power plants and turning it into a transportation fuel in a cheap, sunlight-driven process could dramatically improve the economics of CO2 capture. "Then maybe we could figure out how to capture and reuse the CO2 in our vehicles and none of it would go back into the atmosphere," Grimes proposes.
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