How Leaders Can Shape the Oil & Gas Industry – Accelerating Innovations Through Business & Environmental Intelligent Systems

Abstract

One of the harms to climate brought about by anthropogenically instigated environmental change is the overabundance creation of CO2 because of industrialization. Research and development endeavors so far have been focused on the improvement of CCS (Carbon Capture and Sequestration), with the fundamental spotlight on the best way to eliminate CO2 from vent gases and how to cover it perpetually in deep aquifers or depleted oil and gas reservoirs to save the environment from the detrimental effects of CO2. At one side, the alarming situation due to excess emission of CO2 from industries has been bulled out and simultaneously, there is higher potential for CO2 in the depleted oil fields which can aid to the Enhanced Oil Recovery (EOR) through the prolonged CO2 injection in depleted oil fields. It is currently turning out to be certain that CCS technology could advance the utilization of fossil fuels than in any case recently thought. This paper discusses the integration of Carbon Capture and Sequestration (CCS) technology with the progressive strategy of Enhanced Oil Recovery (EOR). CCS includes various advances that can be utilized to catch CO2 from point sources. Countries that are badly affected by the harmful effects of global warming with depleting oil reserves in the very near future can be the most viable target of the CCS Project. The scope and potential of different techniques of CCS along with the opportunities and challenges and the real case scenarios happening in the world are discussed in detail. The economics, process cycle and case studies of this futuristic technology intend to give valuable insight to the implementation of this integrated technique to the prevalent depleting oil fields around the globe.