Carbon Capture Will Extend Oil Production by 84 Years, Industry Study Finds

"A major Canadian oil field in the province of Saskatchewan would likely have reached the end of its life eight years ago. But thanks to carbon capture and storage, a technology widely touted by the oil and gas industry and some political leaders as a key solution for climate change, the field could still be producing 1.5 million barrels of oil annually by the year 2100.

That’s according to calculations from Calgary-based senior geological advisor Menhwei Zhao, who authored a paper about his findings in the February 2024 issue of the AAPG Bulletin, a journal published by the American Association of Petroleum Geologists.

Though oil and gas producers have since the 1970s been capturing carbon dioxide from their operations and then pumping it into depleted oil wells, a process known as “enhanced oil recovery,” few studies “demonstrate in detail how CO2 injection impacts oil production and extends the lifespan of the oil pools,” Zhao writes.

He analyzed more than 22 years of production data from the Weyburn Midale oil pool, which since 2000 has been receiving carbon dioxide injections. It’s the world’s longest-running enhanced oil recovery project using carbon capture and storage. Zhao concluded that “without CO2 injection the pool would have ended its life by 2016,” but that “enhanced oil recovery could extend the pool’s lifespan to 39 or even 84 more years.”"

Geoff Dembicki reports for DeSmog June 10, 2024.

Source: DeSmog, 06/11/2024