CO2 Sequestration-Enhanced Oil Recovery (CO2/EOR) in the 21st Century

During the past 47 years, CO₂ Flood Technology for Enhanced Oil Recovery Projects utilizing CO₂ evolved from a partially understood process filled with uncertainties to a process based on proven technology. This knowledge is currently being used by a limited number of companies that actually know how to design, implement, and manage a CO₂ flood for profit. The purpose of this report is to help disseminate this knowledge to operating companies interested in EOR flooding or to CO₂ Sequestration Communities interested in storing CO₂ in EOR projects.

Carbon Sequestration Options for CO₂/EOR from the 20^th Century:

In 2015 and 2017, Merchant Consulting published two papers: CMTC-440075-MS “Life beyond 80 – A look at Conventional WAG Recovery beyond 80% HCPV Injection in CO₂ Tertiary Floods” and CMTC-502866-MS “Enhanced Oil Recovery – The History of CO₂ Conventional WAG Injection techniques developed from Lab in the 1950’s to 2017". The objective of these reports were to target all "10 CO₂ Recovery Methods" used to date including “Conventional WAG Techniques” which have been used in over 90% of all the EOR projects conducted to date. Results show Tertiary Oil Recovery can be as high as 26% OOIP with 190% HCPV Injected.

Carbon Sequestration Options for CO₂/EOR in the 21^st Century:

From 2014 to 2019, the Shale Oil Recovery Revolution killed CO₂/EOR Sequestration by driving oil prices down to the $50 dollar range along with the inability to lower CO₂ Capture costs from Coal and Gas Powered Power Plants. The purpose of this report is to provide the CO₂ Sequestration Community an update of new 21^st Century CO₂/EOR Technology that will help to compete economically with Shale Oil Technology. These include: Two new CO₂/EOR Recovery Methods, new Horizontal Drilling techniques, and inclusion of 45Q Tax Credits to improve overall CO₂/EOR Economics.