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:
影响因子:
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通讯作者:
K. Veld;C. Mason;A. Leach
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文献类型:
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作者:
K. Veld;C. Mason;A. Leach
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.