This group brings together those who are interested in topics around oil and gas exploration, drilling, refining, and processing.

Tariq Siddiqui's picture
COO Upstream EP Advisors LLC

Oil & Energy | Business Development | Capital Projects | Offshore Wind -  Proven leader in offshore development and operations, with 25+ years’ expertise in managing business through cycles...

  • Member since 2021
  • 121 items added with 77,419 views
  • Apr 29, 2022
  • 890 views

Global gas flares burn approximately 140 billion cubic meters of natural gas every year that emits more than 400 million tons of CO2 equivalent emissions every year.

The Permian Challenge

An aerial survey of nearly 900 different oil and gas sites (by EDF) in the Permian Basin reveals that massive methane emissions at many sites occurred.  The only way to know what’s going on and to ensure things are operating properly is to regularly check sites for problems.  Methane is a powerful  greenhouse gas, roughly 80 times more potent than CO2 in trapping heat in its first few years.

Permian CCS Hub & Benefits

A permian CCS Hub, comprising of multiple sources (emitters), CO2 pipeline network and multiple sinks can provide a lasting solution to the permian emission. Sinks could be fields storing CO2, benefitting from CO2-EOR or geological storage of CO2 in deep saline aquifer. There is abundance of both in permian

    • ESG and sustainability will enhance the ability of permian operators to create value over the long-term
    • Increase ESG investment and exploit full potential of Permian
    • Upscaling to hub will reduce the costs substantially for all operators
    • Hub will reduce the project risk to emitters, transporters & storage operators
    • Minimize the need for every operator embark on piloting a CCS
    • Abundant EOR opportunities for operators with oil field
    • Proximity and pervasive  access to saline aquifer, lower cost of pipeline
    • Federal 45Q incentives to reduce cost and emission ($50 /Tonne for Saline Aquifer; $35/Tonne for CO2-EOR)
    • Opportunity to earn Voluntary Carbon Credits
    • Better profitability from enhanced oil production
Tariq Siddiqui's picture
Thank Tariq for the Post!
Energy Central contributors share their experience and insights for the benefit of other Members (like you). Please show them your appreciation by leaving a comment, 'liking' this post, or following this Member.
More posts from this member
Discussions
Spell checking: Press the CTRL or COMMAND key then click on the underlined misspelled word.

No discussions yet. Start a discussion below.

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.

                 Learn more about posting on Energy Central »