E&P - OIL & GAS - CCS - CO2 EOR - E&P - OIL & GAS - CCS - CO2 EOR - E&P - OIL & GAS - CCS - CO2 EOR - E&P - OIL & GAS - CCS - CO2 EOR -  E&P - OIL & GAS - CCS - CO2 EOR - E&P - OIL & GAS - CCS - CO2 EOR - E&P - OIL & GAS - CCS - CO2 EOR

   E&P - OIL & GAS - CCS - CO2 EOR - E&P - OIL & GAS - CCS - CO2 EOR - E&P - OIL & GAS - CCS - CO2 EOR - E&P - OIL & GAS - CCS - CO2 EOR -  E&P - OIL & GAS - CCS - CO2 EOR - E&P - OIL & GAS - CCS - CO2 EOR - E&P - OIL & GAS - CCS - CO2 EOR

Text Box: RCM Consulting Ltd  (RCMC) 
Advisers to the Energy Industry

Support & Advice

Capital Projects

Company Mangt

Org.

Re-eng’ing

Carbon Economy

PROF.

SERVICES

MENUE

PCEMS

CRINE

The CRINE Report...

Professional Services

              RCMC Professional Services

SITE NAVIGATION

LEVEL 1

Papers .

About RCMC

 Our Services

Consultants

CO2 EOR

Co. Re-engineering

HOME

 Clients

CRINE

SITE NAVIGATION

Papers .

About RCMC

 Our Services

Consultants

CO2 EOR

Co. Re-engineering

HOME

 Clients

CRINE

RCM Consulting Ltd is Registered in England: # 4574282. It is a wholly owned subsidiary of RCM Group Ltd. Registered office: Black Barn, Valley Rd Fawkham, Kent DA3 8LY

Directors: R W Gaisford (Managing), CA Gaisford (sec);  Accountants: West Reynolds: Black Barn, Valley Rd Fawkham, Kent DA3 8LY

 

The Company has built a flexible Project Creation and Economic Modelling System (PCEMS). This has been built to model under realistic circumstances, any project comprising a combination of discrete elements”. Elements can include, emitters, transportation links and sequestration operations. The whole model can expand over time. Importantly to comprise an entire regional solution. PCEMS incorporates EOR opportunities at oilfield locations based on actual performance parameters from currently operating tertiary recovery operations. EOR can provide a significant additional income stream to a CCS project. This evaluation tool is further explained here:

 

                  Carbon Economy

Text Box: Whether you are a sceptic or a believer, the Carbon Economy is becoming an ever more important aspect of commercial and economic life of the energy industry. More and more aspects of daily life are being linked to climate change. These impacts are commonly associated with CO2 and other GHG emissions, the need to limit and control these emissions is exercising governments and public opinion around the world. The commercial impact of this on energy supply is very large and the issue of how to get to a position where emission free (or slim) energy can be worked into a highly competitive world market without gross distortion or massive public subsidy is still to be solved. (Rex Gaisford has written extensively on this topic.) At present, the only alternatives to an economy giving rise to fossil fuel CO2 emissions are renewable energies, nuclear fission reactors or Carbon Capture & Storage (CCS). In the medium/long term future, nuclear fission may still take an important role but for the next cycle of investment in energy it is becoming recognised that realistic solution for the high volume energy supply business could be Nuclear fusion. In the meanwhile CCS will probably prevail with sequestration of CO2 in oilfields with associated extended oil production (EOR). EOR is the technological solution that can provide a source of commercial income to fund or partially fund CCS during the initial phase of investment. All of these solutions require a fundamental solution to the problem of economic competition which after nearly a decade of discussion is no nearer to being achieved. 
The main potential incentive which was designed to encourage investment in carbon sequestration, the EU ETS is fatally flawed in countless directions including by the permit auction process which is price volatile and which delivers insufficient value and reliability to trigger long term capital investment in future carbon capture and storage. Despite many attempts to clear the obstacles, including Legislative Package (06/04/09) by the EU Council no discernable progress has been made (see below). A recent paper by Rex Gaisford sets out the strategic failure of the current  approach of Cap & trade and suggests more workable alternatives.
Meanwhile, awaiting this resolution, RCMC has developed economic modelling techniques to explore and examine future options and opportunities culminating in a full economic model for CO2 EOR in the UK involving all emitters and all UKCS fields.
Text Box: RCMC has the been actively involved in the developing world of carbon reduction since 1997. During that time, working with actively involved companies and academia it has acquired the necessary knowledge and experience to provide strategic and tactical advice and detailed modelling to assist companies pursuing  business in the Carbon Economy, particularly in CCS and EOR.
Text Box: Transportation of high pressure CO2 to a sequestration site be it a saline aquifer or an oil field is expensive. The CO2 has to be purged of most impurities and compressed to around 100 bar for disposal although the spec. for sequestration is less stringent than for EOR.
For on-shore transportation at the volumes involved (c10 - 20 Kton/day per power station) pipeline is the only viable option. For transportation to an off-shore repository it would perhaps be possible for such volumes  be handled by ship.
Costing the CAPEX and OPEX for such operations has a number of major uncertainties. 
CCS remains probably the most readily applicable option for mass deployment to achieve low carbon emission power generation in the immediate to medium term future. Sequestration of the resulting CO2 in oil fields allows the  recovery of significant oil volumes (EOR). EOR has along history of success in the US and elsewhere. 
RCMC has detailed knowledge of this area of business from its many years of exposure to similar problems in the conventional O&G business and its recent concentration on CO2 recovery and EOR programs.

EVALUATING THE CARBON FUTURE - PCEMS

Carbon Economy