How can carbon capture, utilization, and storage be integrated into an energy transition strategy?

CCUS refers to a suite of technologies that involve the capture, use and storage. The CO2 can be captured from large point sources, and/or captured directly from the atmosphere with direct air capture (DAC) technologies. If not being used on site, the captured CO2 can be compressed and transported by pipeline, ship, rail or truck to be used in a range of applications, or injected into deep geological formations (including depleted oil and gas reservoirs and saline aquifers), where it is trapped and permanently stored. CCUS contributes to emission reductions in almost all parts of the energy system, with: - tackling emissions from existing energy assets - reducing emissions in hard-to-abate sectors. - removing carbon from the atmosphere

Sonia two important components of sequestration that you don’t hear a lot of discussion about is ensuring adequate seal integrity and sensitive CO2 monitoring. For example seismic data is critical to evaluate potential spill points and mapping plume movement but it is not designed to detect CO2 leakage.

CCUS is considered a key technology in the transition to a low-carbon economy. It allows the oil and gas industry to participate actively in global efforts to mitigate climate change and support the broader energy transition. CCUS helps reduce the industry's carbon footprint by capturing carbon dioxide (CO2) emissions from industrial processes, preventing them from entering the atmosphere. Besides, CO2 captured from industrial processes can be used in enhanced oil recovery operations. Injecting CO2 into oil reservoirs helps extract additional oil and extends the economic life of mature fields.

Carbon capture, use, and storage (CCUS) is part of low carbon technologies as much oil and gas companies are including in their portfolio to achieve net zero emissions by 2050. Sequestration of carbon dioxide in geological formations ia a process and technology to reduce the level of CO2 in the atmosphere, and therefore mitigate climate change CO2 emissions can be capturing and injecting into oil reservoirs for enhanced oil recovery. CCUS is required in order to develop hydrocarbon fields with high CO2?content, since venting and flaring of CO2?to atmosphere is not allowed. Similar experiences are used in subsurface CCUS vs other reservoirs.

Another challenges are: - CO2 transportation is one of the more challenge in the CCUS value chain: repurposing existing pipelines or building new pipelines for CO2 transportation will face of permitting challenges and regulatory uncertainty - Develop business models - CCUS hubs and industry collaboration - Policy, regulatory and legal framework, CCUS sees new funding in some regions, while others focus on supporting regulatory and permitting. - Community opposition

Carbon Capture, Utilization, and Storage (CCUS) is vital for the oil and gas industry in an energy transition. It mitigates the sector's carbon footprint, meeting emission reduction goals. CCUS benefits the industry by enhancing environmental sustainability and enabling carbon utilization for enhanced oil recovery, aligning economic and environmental objectives. However, challenges include high upfront costs and the need for improved regulatory frameworks. Overcoming these challenges requires collaborative efforts from stakeholders, fostering a conducive environment for CCUS integration.

Carbon dioxide capture and storage (CCS) and carbon dioxide capture, utilization and storage (CCUS), are technologies for carbon emission reduction and greenhouse effect mitigation, are gaining traction to decarbonize sectors such as steel and cement and provide power system flexibility. For the oil and gas industry, CCS and CCUS technologies will enable the industry to progress toward a green future and reach net-zero emissions targets.