Comments on: The Weyburn Warning : Carbon Capture and Enhanced Oil Recovery http://www.joabbess.com/2009/05/17/the-weyburn-warning-carbon-capture-and-enhanced-oil-recovery/ Energy Change for Climate Control Wed, 01 Feb 2012 14:58:39 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Strategy Consultant http://www.joabbess.com/2009/05/17/the-weyburn-warning-carbon-capture-and-enhanced-oil-recovery/comment-page-1/#comment-2402 Strategy Consultant Thu, 24 Jun 2010 18:47:04 +0000 http://www.joabbess.com/?p=592#comment-2402 EOR is a booming market. I am currently analyzing the key strategic issues surrounding the market and specifically, anthropogenic carbon sources. Industry experts and all key data indicated that projects like Weyburn are nascent stage anthropogenic projects that have strong potential given that all current naturally occurring CO2 is contracted out. The expense issue for CCS is worth mentioning but again, assuming new technologies for capture will be created (several in pilot or near-pilot phase today), incremental oil >$70 BOE would make CCS an economically worthwhile venture. EOR is a booming market. I am currently analyzing the key strategic issues surrounding the market and specifically, anthropogenic carbon sources. Industry experts and all key data indicated that projects like Weyburn are nascent stage anthropogenic projects that have strong potential given that all current naturally occurring CO2 is contracted out.

The expense issue for CCS is worth mentioning but again, assuming new technologies for capture will be created (several in pilot or near-pilot phase today), incremental oil >$70 BOE would make CCS an economically worthwhile venture.

]]> By: pjcpjc http://www.joabbess.com/2009/05/17/the-weyburn-warning-carbon-capture-and-enhanced-oil-recovery/comment-page-1/#comment-649 pjcpjc Mon, 15 Mar 2010 23:38:50 +0000 http://www.joabbess.com/?p=592#comment-649 Pretty sure the Weyburn/Beleluh operation was quite profitable for all parties involved. Perhaps not as profitable as once hoped, but there are other projects moving ahead from their example. Enhanced oil recovery is a booming business right now. Pretty sure the Weyburn/Beleluh operation was quite profitable for all parties involved. Perhaps not as profitable as once hoped, but there are other projects moving ahead from their example. Enhanced oil recovery is a booming business right now.

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