- Oct 10, 2021 2:37 pm GMT
DOE/NETL has recognized Carbon Capture & Storage (CCS) as one the key pathways to Net-zero.
Developing a successful CCS project is a multidisciplinary effort; similar to oil & gas capital projects. The resource classification and maturation of 'Prospective Storage Resources' from regional/basin level to a specific 'Qualified ' sites is a first step towards success.
- DOE/NETL best practices suggest resource classification of CO2 storage resources
- The anticipation is there will be many CCS projects and development effort is similar to oil & gas capital projects
- The CO2 Storage Resource management borrows substantially from Petroleum Resource Management System
- The process emphasizes maturation focus on early 'Prospective Storage resources'; from 'Regional/Basin' level to specific 'Qualified' storage sites.
- The geological and regulatory uncertainties and risks are higher at early stage; therefore a robust maturation process help reduce risk and manage uncertainties
DOE/NETL best practices maintain a forward view on CCS. They anticipate growth of CCS projects and recommends robust process to mange CO2 storage maturation similar to oil & gas capital projects.
Get Published - Build a Following
The Energy Central Power Industry Network is based on one core idea - power industry professionals helping each other and advancing the industry by sharing and learning from each other.
If you have an experience or insight to share or have learned something from a conference or seminar, your peers and colleagues on Energy Central want to hear about it. It's also easy to share a link to an article you've liked or an industry resource that you think would be helpful.