SC-08 The Techniques and Business Aspects of Carbon Capture, Utilization and Storage, and the CO₂ Storage Resources Management Systems (SRMS)

Sponsored by: SPE

Sunday, 16 June 2024, 8:00 a.m.–5:00 p.m.  |  Houston, Texas

Course Content

As part of the international effort to combat global warming, which is a major contributor to the greenhouse effect, significant attention is being given to ways to sequester (store for the long-term) carbon dioxide. 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.

Topics

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

The SRMS is a powerful management tool that provides a means to classify and characterize storable quantities of carbon dioxide in a manner similar to that provided by the PRMS for oil and gas reserves and resources. This course will provide you with a thorough understanding of the principles and guidelines of what is likely to become the global standard for CO₂ storage.

This course is for professionals of any discipline who are or will be responsible for estimating and reporting storable quantities of carbon dioxide and also those who use such estimates for business decisions, including management, legal and accounting staff.

Disciplines: Health, Safety, Environment, and Sustainability | Reservoir
Learning Level: Introductory to Intermediate

Instructors

Fees

Early Pricing:

Member $550
Nonmember $750
Student $300

On-site Pricing:

Member $650
Nonmember $850
Student $350

Room Assignment

TBD

Attendee Limit:

36 People

Educational Credits:

0.8 CEU

Venue

George R. Brown Convention Center

1001 Avenida De Las Americas

Houston, Texas 77010

United States

(713) 853-8000

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