ECCO will provide methodology and tool for evaluation of various CO₂ value chain options and thereby enabling CCS stakeholders to make qualified decisions for establishment of CO₂ value chains.

The strategy to achieve this goal is to answer the following key questions:

• What might be the future CO₂ world?
• How to identify feasible CO₂ value chain options?
• How to evaluate the CO₂ value chain options and choose the most promising solutions for CCS?

In the first phase of ECCO, the main emphasis will be to identify future scenarios relevant for the realization of CO₂ value chains in the North Sea and Central Europe, involving experience from previous studies that have identified specific showstoppers.

The future CO₂ world will be analyzed by Scenario analysis with 2-3 scenarios where the following questions are answered:

• Do infrastructures exist?
• Who owns infrastructure?
• How will parameters affecting oil, gas and electricity markets develop?
• What are the incentives and regulations for CCS?

Feasible CO₂ value chain options will be identified by formulation and analysis of cases. The case study will reflect the scenario analysis and address all relevant questions and problems related to CO₂ value chains. The cases will also illustrate the effect and importance of various parameters in a sensitivity analysis.

Evaluation of CO₂ value chain options will be performed by the new tool for economic analysis of CO₂ chains. Emphasis on simple but high quality input data and consistent implementation will be important

The main objectives –  facilitating robust strategic decision making regarding early and future implementation of CO₂ value chains – will be achieved by analysis of case studies and simulations by the new ECCO tool that include:

• Providing the recommendations for CO₂ value chains leading to implementation of the most promising EOR and EGR alternatives.
• Quantify the potential for enhanced hydrocarbon recovery (EOR and EGR) and CO₂ storage in North Sea and Central European petroleum reservoirs
• Evaluation of technological challenges.