Co-optimization of enhanced oil recovery and carbon sequestration

@inproceedings{Leach2011CooptimizationOE,
  title={Co-optimization of enhanced oil recovery and carbon sequestration},
  author={Andrew Leach and Charles F. Mason},
  year={2011}
}
In this paper, we present an economic analysis of CO2-enhanced oil recovery (EOR). This technique entails injection of CO2 into mature oil fields in a manner that reduces the oil’s viscosity, thereby enhancing the rate of extraction. As part of this process, significant quantities of CO2 remain sequestered in the reservoir. If CO2 emissions are regulated, oil producers using EOR should therefore be able to earn revenues from sequestration as well as from oil production. We develop a theoretical… CONTINUE READING
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