CO 2-EOR business opportunities in Romania and Turkey

10 Pages Posted: 8 Apr 2021

See all articles by Chrisian Bos

Chrisian Bos

TNO Energy-Transition

Daniel Loeve

TNO – Applied Geosciences

Vincent Vandeweijer

TNO - Applied Geosciences

Alexandra Dudu

National Research and Development Institute for Marine Geology and Geoecology

Caglar Sinayuc

Middle East Technical University (METU)

Anders Nermoen

NORCE Energy

Date Written: April 6, 2021

Abstract

To ultimately avoid CO2 emissions into the atmosphere, the European research project “ECO-BASE” (Establishing CO2 enhanced Oil recovery Business Advantages in South Eastern Europe, 2017-2020) has identified a number of candidate CO2-EOR oil fields that could benefit economically from nearby industrial sources of CO2, whilst permanently sequestering the captured CO2 in the subsurface. On the near term, however, the objective of the ECO-BASE project was to raise sufficient interest among the emitters, oil field operators and national governments to develop a common understanding of the business opportunities and allow resources to be spent to further mature potential business cases along the various decision gates of their respective project maturation processes. To this end, two candidate oil fields have been investigated in-depth, i.e. the large Batı Raman heavy oil field in southeast Turkey, and the Brădești oil field in southwest Romania. Their business cases for CO2-EOR combined with permanent CO2 storage are discussed in this paper. It can be concluded that, in South Eastern Europe, CO2-EOR has the potential to justify economically first-of-a-kind CO2 infrastructure and sequestration projects that otherwise would not have been feasible.

Keywords: Batı Raman oil field, Brădești oil field, CO2-EOR, CCS, CCUS, ECO-BASE, Romania, Turkey,CCS project development

Suggested Citation

Bos, Christian and Loeve, Daniel and Vandeweijer, Vincent and Dudu, Alexandra and Sinayuc, Caglar and Nermoen, Anders, CO 2-EOR business opportunities in Romania and Turkey (April 6, 2021). Proceedings of the 15th Greenhouse Gas Control Technologies Conference 15-18 March 2021, Available at SSRN: https://ssrn.com/abstract=3820841 or http://dx.doi.org/10.2139/ssrn.3820841

Christian Bos

TNO Energy-Transition ( email )

Netherlands

Daniel Loeve (Contact Author)

TNO – Applied Geosciences ( email )

Princetonlaan 6
Utrecht, 3584 CB
Netherlands

Vincent Vandeweijer

TNO - Applied Geosciences ( email )

Princetonlaan 6
Utrecht, 3584 CB
Netherlands

HOME PAGE: http://www.tno.nl

Alexandra Dudu

National Research and Development Institute for Marine Geology and Geoecology ( email )

Str. Dimitrie Onciul, Nr. 23-25
Bucharest, RO-024053
Romania

Caglar Sinayuc

Middle East Technical University (METU) ( email )

Ankara, 06531
Turkey

Anders Nermoen

NORCE Energy ( email )

114 Nygårdsgaten
Bergen, 5006
Norway

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