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EOR is a method used to increase oil reserves on a well by lifting oil volumes that were previously unavailable. One method that can be used for EOR is CO2 injection, in addition to increasing the recovery of CO2 injection oil can also help reduce atmospheric CO2 concentration. Carbon Capture and St...
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| Format: | Final Project |
| Language: | Indonesia |
| Online Access: | https://digilib.itb.ac.id/gdl/view/23161 |
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| Institution: | Institut Teknologi Bandung |
| Language: | Indonesia |
| Summary: | EOR is a method used to increase oil reserves on a well by lifting oil volumes that were previously unavailable. One method that can be used for EOR is CO2 injection, in addition to increasing the recovery of CO2 injection oil can also help reduce atmospheric CO2 concentration. Carbon Capture and Storage (CCS) is one of the global warming mitigation technologies by reducing CO2 emissions in the atmosphere. This technology is a sequence of process executions related to each other, ranging from the separation and capture of CO2 from the source of emissions (capture), transporting CO2 caught to the storage (transport), and storage to a safe (storage). But one major obstacle to its utilization is the huge cost that must be incurred primarily on the capture facility costing USD 60-USD 100 / tCO2. <br />
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The thesis discuss and analyze the economics of the CCS project using the Discounted Cash Flow method applied to oil fields that have been through secondary recovery with CO2 source from a coal power plant located 70 km from the oil field. In this project will also be seen the effect of CCS incentive application in the form of emission trading on the economics of this project. Sensitivity studies were also conducted to determine the effect of CAPEX, OPEX, oil prices, and carbon prices on carbon markets of NPV values. |
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