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Application of Oil and Gas Industry Skills to Subsurface Carbon Storage and the Carbon Trading Economy

Occurred Friday, 23 September 2022, 8:00 a.m.–4:30 p.m.  |  Virtual Short Course via Zoom (Houston, Texas time)

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Who Should Attend

The course is designed to benefit a variety of participants, including technical professionals (petroleum geoscientists, engineers, and economists), government representatives (from national regulatory agencies and environmental and energy authorities) and members of the media.

Objectives

Course participants can expect to achieve the following with their participation:

  1. Gain an understanding of both a technical approach to, and economic attractiveness of, subsurface decarbonization projects to geoscience, engineering, and economic professionals, companies, and national entities.
  2. Map petroleum geoscience skills to the needs of the CCS/CCUS industry
  3. Get introduced to a practical path to profitable net-zero operations, with a positive impact on Social, Environmental, and Government priorities.
  4. Understand the economy of carbon credits and their relevance to the economy and development of subsurface decarbonization projects.
Course Content

Application of Oil and Gas Industry Skills to Subsurface Carbon Storage and the Carbon Trading Economy is a one-day virtual short course providing insight into both the technical and business aspects of Carbon Capture and Storage.

The course has two primary components – an introduction to geotechnical workflows and methodologies in subsurface carbon storage projects and a review of  the decarbonization business model and key technologies – and is comprised of a series of lectures and a closing panel discussion.

All sessions will be delivered in English.

Module I: Carbon Subsurface Storage

Introduction to the geotechnical workflows and methodologies in Subsurface Carbon Storage projects.

Key Questions to be Addressed
  • What geotechnical workflows and project best practices already established in the oil and gas industry are applicable in CCS/CCUS subsurface characterization? 
  • What is the value of new and existing standard geologic and geophysical data?
  • What is the value of the CCS projects for carbon-neutral/negative oil and gas operating companies?
  • What are the time frames of CCS projects?
Module II: Decarbonization Business Model and Key Technologies

Overview of the market for decarbonization projects, which  are developing unevenly around the world, and of lessons learned from existing projects.

Key questions to be addressed:
  • What benefits can be derived from CCS/CCUS projects in South America?
  • What are the advances of regulation and government participation in CCS/CCUS initiatives?
  • How can O&G corporations, governments, and individuals participate and benefit from carbon credit trading?
  • What are the business drivers for oil and gas operators to develop CCS/CCUS projects?
  • What is the role of technology in decarbonization? 
Course Schedule

Course times are listed in U.S. Central Daylight time, GMT -5.

8:00-8:15 Introduction to the course, instructors, course agenda, and key G&G concepts.
Juan F. Arminio
Part I: Carbon Subsurface Storage
8:15-8:45 Session 1A: Best Practices for Identification of Geologically-Appropriate Sites for Injection and Understanding the Risks and Uncertainties in Container Capacity – Regional Scale
Kevin Schofield and Katya Casey
8:45-9:15 Session 1B: Injection Site Characterization and Understanding of the Risks and Uncertainties in Container Capacity
Kevin Schofield
9:15-9:30 BREAK
9:30- 10:25 Session 2: Stage-Gate Processes for Managing Capital-Intensive Injection Projects
Kevin Schofield
10:25-10:30 BREAK
10:30-11:00 Session 3A: Global Status of CCS, Methodologies in Data Collection. Geoscience Data Collection on a Regional Scale
Katya Casey
11:00-11:30 Session 3B: Geoscience Data Collection for Injection Site and Container Characterization and Monitoring of the Injection Site. EPA Databases of Abandoned Well Locations
Katya Casey
11:30-12:30 LUNCH
12:30-13:30 Session 3C: Seismic Data Definitions, Data Acquisition, Seismic Data Analysis and Modeling in Site Characterization and Monitoring
Marel Sanchez
Part II – The Decarbonization Business Model and Key Technologies
1:30-1:45 BREAK
1:45-2:30 Session 4A: Best Practices in CCS Project Delivery. (How to Avoid Common Mistakes.)
Kasbulat Shogenov
2:30-3:30 Session 4B: Basic Concepts and Rationale of Carbon Credits, Their Properties for Trading (Regulated and Unregulated), and Associated Business Models. Role of Different Technologies in Carbon Credits Trading
Slavo Pastor
3:30-3:45 BREAK
3:45-4:30 Session 5: Moderated Q&Amp;A for All Speakers. Informal Discussion of Environmental, Social, and Economic Impacts of an Anticipated Global Surge of Decarbonization Projects. Opportunities and Risks
 
Katya Casey
Salvo Pastor
Kevin Schofield
Juan Francisco Arminio
Marel Sanchez
Kazbulat Shogenov
Emily Smith Llinás AAPG Latin America & Caribbean Region Manager
Diana Ruiz Vásquez AAPG Latin America & Caribbean Region Events Coordinator
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The American Association of Petroleum Geologists (AAPG) does not endorse or recommend any products and services that may be cited, used or discussed in AAPG publications or in presentations at events associated with AAPG.