Wed, Nov 01|
Calgary, AB, Canada
SPE Canada Course: The Techniques and Business Aspects of CCUS, and the CO2 Storage Resources Management Systems (SRMS)
Held in conjunction with SPE Workshop: Accelerating CCUS: Milestones Towards a Greener Petroleum Energy Future.
Time & Location
Nov 01, 8:00 a.m. – 5:00 p.m. MDT
Calgary, AB, Canada
About the event
As part of the international effort to combat global warming, significant attention is being given to ways to sequester (store for the long-term) carbon dioxide, which is a major contributor to the greenhouse effect. It is therefore critical that there is a universal means to record the storage volumes by recognizing the maturity of the projects to be implemented and the confidence that can be placed in the estimated sequestered volumes.
This course will look at some of the ways in which carbon dioxide can be stored and provide a detailed review of the SRMS framework prepared by the Society of Petroleum Engineers to classify and categorize the storage volumes. The course will include example calculations to show how the storage quantities can be estimated.
In addition, the course will cover the economics of CCS in the context of the various carbon pricing and policy incentives that are being developed, with an assessment of the risks involved in capture, transport, and storage. The economic framework in which CCS operates around the world will be described, with examples given to illustrate how the investment case is evolving.
Although there are a number of business models emerging, the most popular of these will be set out, with a description of how risks are being assessed and allocated between project participants, host governments and lenders.
The first part of the course will provide:
- An overview of carbon capture, utilization and storage, including the role of greenhouse gasses in global warming
- Discussion of typical modes of storage of carbon dioxide in saline aquifers and depleted oil and gas fields
- Detailed review of the SRMS, including principles and key definitions
- Discussion of economics and evaluation methods
- The methodologies are illustrated with examples
The economic and commercial features of the course will cover:
- The cost base involved in capture, transmission, and storage
- Carbon pricing methodologies and their relevance to CCS
- The emerging investment case for CCS around the world, including policy support and incentives
- The CCS business model and risk allocation
SPE Members: $750 CAD before Oct 11 / $900 CAD after Oct 11
Non-Members: $950 CAD before Oct 11 / $1,100 CAD after Oct 11CEUs
.8 CEUs will be awarded for attending this 1-day course.