ECCO – European value Chain for CO2
Project objective and strategy
This will be achieved by:
- Provide the basis for the most promising enhanced hydrocarbon recovery (EOR and EGR) alternatives.
- Establish recommendations for how to implement the most promising EOR and EGR alternatives
- Prepare for analyses and recommendations through the development of a CO2 value chain analysis tool.
- Quantify the potential EOR/EGR and CO2 storage in European petroleum reservoirs in the North Sea and Central Europe and evaluate technological challenges.
In the first phase of ECCO, the main emphasis will be to identify future scenarios relevant for the realization of CO2 value chains in Europe, involving experience from previous studies that have identified specific show-stoppers.
The involvement of all project partners, including background from power generation, oil and gas production and R&D, will ensure that all aspects that could affect the realization of a CO2 value chain will be taken into consideration.
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.