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Essay text:
The data for the study is based on the information from the literature as well as from experts in CO2 – EOR.
The study assumes:
? CO2 for this flood is supplied from the nearby fertilizer plant in a radius of about 100 kms.
? Leakage of CO2 in the project is negligible.
? Simple production profile with a constant enhanced oil production over the total lifetime of 10 years.
? The total oil production is attributed to the injection of CO2
? The well costs are not accounted in the economics of this study, since these are assumed to be present in the field.
? Cost of CO2 storage include costs of separation, compression and recycling of CO2 produced along with the oil besides costs of monitoring of CO2 sequestration...
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