Inspenet, November 5, 2023.
SL B presented its innovative solution for the evaluation and location of carbon storage sites. This tool improves the reliability of location selection decisions by employing scientific analysis that considers both the long-term integrity and economic potential of an asset.
The solution provides customers with invaluable help in avoiding choosing sub-optimal storage locations that can carry risks that waste valuable resources and time. Additionally, it helps reduce the likelihood that a carbon capture, utilization and storage (CCUS) project will not reach the final investment decision (FID) stage.
“CCUS (Carbon Capture, Utilization and Storage) is one of the most immediate opportunities to reduce emissions, but must increase by 100-200 times in less than three decades to have the expected impact on global net-zero emissions ambitions.“said Frederik Majkut, senior vice president of carbon solutions for SLB’s new energy business.”Ensuring a safer and more economical storage site is crucial to the speed, scale and investment needed to significantly drive CCUS growth for a low-carbon energy ecosystem.“.
SLB’s solution for carbon storage
The selection and classification solution uses technical and non-technical data to carry out a thorough assessment of the capacity and economic viability of storage sites, while identifying potential risks. A comparative analysis is established based on successful global storage projects, which serves as a relative basis to rate each site.
SLB uses proprietary tools and leverages advanced workflows with digital capabilities to offer an agile, traceable and consistent process for verifying information, placing special emphasis on risk identification through sensitivity and uncertainty analysis.
On a project in Trinidad and Tobago, SLB worked with a client to evaluate and rank potential storage locations ahead of a scheduled offshore exploration and production phase and carbon storage licensing. SLB evaluated storage sites in three geographic regions using 67 key criteria based on its own proprietary workflow for evaluating potential sites.
In addition, a sensitivity analysis was carried out with the objective of understanding how different attributes and properties of the site influence the classification results. Site performance was compared to the attributes of carbon storage basins in the United States and Europe.
Using Monte Carlo simulations, SLB performed a ranking of the sites for the client, ranking them from best to least optimal. This procedure allowed the client to prioritize areas with superior surface and subsurface characteristics, as well as identify areas with high leveling, with a view to carrying out more detailed evaluations and subsequent investments.
The announcement was made within the framework of ADIPEC, an international event that brings together the industry in order to accelerate collective and responsible actions to rapidly advance decarbonization and prepare our energy system for the future. The event took place in Abu Dhabi from October 2 to 5.
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Source and photo: https://www.oilreviewmiddleeast.com/exploration-production/slbs-carbon-storage-screening-and-ranking-solution
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