The Economics of CO2 Sequestration Through Enhanced Oil Recovery

The Economics of CO2 Sequestration Through Enhanced Oil Recovery
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DOI:
10.1016/j.egypro.2013.06.623
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发表时间:
2013
期刊:
Energy Procedia
影响因子:
--
通讯作者:
K. Veld;C. Mason;A. Leach
K. Veld;C. Mason;A. Leach
中科院分区:
其他
文献类型:
--
作者:
K. Veld;C. Mason;A. Leach

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在这篇文章中,我们概述了通过二氧化碳强化石油回收(EOR)进行封存的经济学,无论是在单个EOR项目的微观层面上,还是在整个石油市场的宏观层面上。在微观层面,一个关键的结果是,提高采收率运营商共同优化石油生产和二氧化碳封存的动机对油价的敏感性远远高于对封存补贴的敏感性。在宏观层面,一个关键的结果是,提高采收率的引入可能根本不会取代任何传统的生产,尽管它必然会推迟一些新生产源的开发。这意味着,除非提高采收率项目平均每桶生产的二氧化碳消耗与消耗该桶时产生的二氧化碳一样多,否则它们可能不会总体上减少碳排放。
In this paper, we provide an overview of the economics of sequestration through CO2-enhanced oil recovery (EOR), at both the micro level of individual EOR projects and the macro level of the oil market as a whole. At the micro level, a key result is that EOR operators incentives to co-optimize oil production and CO2sequestration are much more sensitive to oil prices than to sequestration subsidies. At the macro level, a key result is that the introduction of EOR may not displace any conventional production at all, though it necessarily will delay the development of some new sources of production. The implication is that, unless EOR projects utilize on average as much CO2per incremental barrel produced as the CO2generated when that barrel is consumed, they may not reduce carbon emissions overall.