Special Report: CO2 sequestration adds new dimension to oil, gas production

Guntis MoritisProduction EditorCarbon dioxide sequestration presents both an opportunity and a potential cost for oil and gas producers.Operating costs will increase if producers have to restrict venting CO2 to the atmosphere. On the other hand, sequestration by injecting CO2 generated by various industrial sources (such as power plants, fertilizer plants, and natural gas plants) into hydrocarbon reservoirs can enhance oil and gas recovery and in addition might earn producers credits for CO2 sequestration or gain some tax relief.Enhanced oil production (EOR) with CO2 injection is a proven technology for certain types of oils and geologic formations. Also some work indicates that CO2 injec...

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