gaseous

Oct. 15th, 2005 09:34 am
solarbird: (Default)
[personal profile] solarbird
Kyoto signatories are going to solve a lot of their atmospheric carbon requirements by carbon sequestering - basically, storing CO2 underground.

The Saudis are reportedly planning a massive gas injection programme as part of a plan to rehabilitate several of their older, mostly-closed fields, and get them back up to 500,000bpd each. The probability of success here seems slim, but they're confident they can do it and are certainly going to try. They want to use - you guessed it! - CO2.

Matthew Simmons asked in his book where they're going to get the gas. He didn't know. Clearly, Kyoto signatories are going to have a marvelous export market in a valuable commodity if this works out.

I thought of this when I read about it in his book, but didn't really know what to do with it. Simmons knows oil, but since this isn't oil, he missed this bit of data. So I'm posting it here. The Saudis, by planning this particular style of gas-injection programme, clearly figured this out some time ago.

Date: 2005-10-15 07:45 pm (UTC)
From: [identity profile] llachglin.livejournal.com
On the pessimistic side of things, if they're resorting to CO2 to rehabilitate old fields, that's another sign that the main sources of production are not in great shape. There's no incentive for marginal production sources if the main sources are in good shape. My guess is this is a subtle indication that Gharwar is nearing its peak and that they need marginal sources to increase production to meet expected demand at the current prices.

So, let's hope this works and works better than water injection, which increases production in the short-term but probably damages long-term production capability. I suspect that it will work, but with the predictable downside, and that the gas will eventually reach the atmosphere anyway. So it's just delaying both problems to increase the short-term upside.

Date: 2005-10-15 09:01 pm (UTC)
From: [identity profile] pobig.livejournal.com
At least in some cases you can get CO2 from gas fields. I recall reading that some company was going to pump what came along with the gas they were extracting back underground to meet emissions requirements.

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