RE:Carbon capture
from wavefronts management discussion...
With the broadening move towards decarbonization associated with human-induced effects on climate change, E&Ps and OFS companies must adapt and move outside of traditional oilfield services to sectors in the low-carbon space, as evidenced by Occidental Petroleum agreeing on net-zero oil created from captured atmospheric CO2 and a CO2 sequestration project in Louisiana.1
Given the energy sectors’ ESG and CO2 management needs, Wavefront has identified two areas in the low-carbon space where its existing proprietary technologies may play a pivotal role. The first area is CO2 sequestration, while the second area is geothermal operations.
CO2 sequestration in geological media is a well-researched and practiced approach. Depending on in-ground temperature and pressure and other characteristics, CO2 may be stored through several mechanisms in geological media as a gas, a liquid, or in a supercritical state by trapping in porous media such as depleted hydrocarbon reservoirs; oil reservoirs (EOR); or deep brine aquifers and regional-scale aquifers. The physics of fluid flow in porous media is universal – whether it occurs ten feet deep during environmental groundwater remediation, eight thousand feet deep during CO2-driven EOR or twelve thousand feet during salt cavern solution mining. Wavefront’s Powerwave® has been broadly used globally in environmental, mining, and oil and gas applications. In Michigan, Mississippi, and Texas, Powerwave® was successfully applied to optimize CO2-driven EOR projects to improve CO2 injection rates and CO2 distribution in the subsurface. Given Wavefront’s broad-based experience in multiple sectors, we are confident that Powerwave® may be successfully applied to large-scale CO2 sequestration projects to increase CO2 injection/sequestration rates, thus, keeping anthropogenic carbon from reaching the atmosphere.