Opportunities For A CO2-Enhanced Oil Recovery Project In The North Sea: Analysis Of Profitability And Environmental Impact

Abstract

The economic and environmental impact of an integrated CO2-EOR project in the Buzzard field in the North Sea is investigated through a life cycle analysis, a standard economic analysis and a more advanced geo-economic simulation. Results show the benefits of combining EOR with CO2 storage. However, the current economic environment provides insufficient long-term outlooks to justify the investment.