Enhanced oil recovery and the carbon markets - an emerging profitability pathway for US producers?
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Table of contents
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Executive summary
- EOR: storing carbon while producing hydrocarbons
- EOR projects can advance capturing technology, but may generate more emissions than they store
- EOR projects as a generator of carbon offsets: new action ahead?
- Making DACC EOR profitable requires multiple sources of revenue
- The carbon markets need removal credits – but EOR is not a safe bet
Tables and charts
This report includes 7 images and tables including:
- Some examples of nature-based and technological carbon sequestration solutions
- 45Q tax credit for CO2 stored during EOR operations
- With full lifecycle emissions, it is not evident that EOR projects can generate net zero oil – let alone carbon offsets
- Pros and cons of providing carbon offsets for EOR operations
- Carbon offsets for EOR projects issued by ACR
- Example of breakeven oil price needed for DACC EOR
What's included
This report contains:
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