Carbon capture and storage

0

Wednesday, September 15, 2010, London, The Geological Society


Media Partner
Carbon Capture and Storage (CCS) presents interesting challenges for the oil and gas industry. Putting aside for the moment fiercely held views on whether carbon dioxide is actually harming the climate, on the one hand it is clear that much of the expertise that would be required to implement Carbon Storage is to be found in the oil & gas industry. On the other hand, is there a potential new business angle for the industry and its experts, given that CCS comes with an initial price tag estimated by some as a 25 per cent premium on the cost of electricity - some radical views suggest the cost could double - and also requiring much more coal to be burned, increasing the risk exposure of mining?

At our half day CCS forum, we present the latest thinking on how carbon concerns can affect (help or hinder) the oil and gas industry, current and anticipated carbon capture projects, and the latest knowledge about how carbon dioxide can safely and cost effectively be sequestered and its secure storage be monitored. Above all, we consider whether there is any sort of business in CCS that makes sense!

Agenda

9:00 Coffee and Tea from 0900

9:30 Welcome and Introduction by David Bamford

9:35

Oswald Clint - Senior Analyst - Bernstein Research

Can anybody build a business out of CCS?


Dr Clint joined Sanford C. Bernstein in 2004 and was part of the Energy Team with Neil McMahon covering the Global Integrated Oil sector.

Currently he is the Senior Research Analyst covering the European E&P and Russian Oil & Gas sectors. The Bernstein Energy franchise has become well known due to both the provocative commentary on the commodities and oil stocks, as well as the innovative research that forms the core of their frequent publications. Previously, he worked as an accountant and consultant for KPMG covering energy, gas, and chemical sectors. Dr Clint received his PhD in Geophysics from University College London where he specialised in sub-surface rock physics and is also a Chartered Accountant.

Bernstein Research
Sanford C. Bernstein is widely recognized as Wall Street's premier sell-side research firm. Their research is sought out by leading investment managers around the world, and they are annually ranked at the very top of acknowledged arbiters. In independent surveys of major institutional clients, Bernstein's research is ranked #1 for overall quality, industry knowledge, most trusted, best detailed financial analysis, major company studies, most useful valuation frameworks, best original research, and most willing to challenge management. In Institutional Investor's 2008 annual client survey, the leading survey by which analysts in our industry are evaluated, 100% of our U.S. Analysts were recognized as among the best in their respective fields -- more than any other firm on Wall Street.
10:10

Stewart Whiteley & Anna Smith - - Petrenel

Global CCS projects

Talk Description.
This talk will review:

1. Costs and Economics of global CCS Projects
• Economic Valuation of CCS
• Costs and Assumptions
2. CCS – Overview of Environmental Impacts
• Environmental Impacts & Risks from CCS
• Comparison of CCS with Renewable Energy Technologies
Petrenel
PETRENEL (The Petroleum and Renewable Energy Company Limited) is a privately owned, independent consulting firm specialising in providing professional advice to businesses and government organisations operating in the energy sector. The company started trading in 2000 and has rapidly grown to become a highly respected upstream energy consultancy renowned for the quality of its service and the integrity of its staff.
10:45 Coffee & Tea

11:05

Bryan Lovell - Senior Researcher - Earth Sciences, Cambridge

Challenged by Carbon: The Oil Industry and Climate Change

Talk Description.
Earth scientists have long been leading actors in oil exploration and production. They now have additional roles to play in the petroleum industry. One of these new responsibilities is setting out clearly to the widest possible audience the geological arguments for controlling the release of carbon to the atmosphere by human use of fossil fuels. Tackling the carbon challenge requires a depth of public conviction that will come from observational science, rather than from models of imperfectly understood Earth systems. The development in the last century of techniques for dividing geological time into thousands rather than millions of years enables us to bring previous warming events such as that at 55 Ma onto a human timescale (Norris and Rohl, 1999). The cause or causes of the Paleocene-Eocene Thermal Maximum (PETM) remain uncertain, but its effects on life are clear enough to show that this 55 Ma warming event is not something we would wish to repeat through our own agency. A transient uplift event in the nascent North Atlantic Ocean may have triggered the PETM (Nisbet and others, 2009). We do know that this transient uplift at 55 Ma led to the formation of the Forties Sandstones in the early North Sea. The oil industry was offered four useful things by that 55 Ma uplift; a reservoir for four billions of barrels of oil, a warning of the deleterious effects for humankind of burning that oil, an example of a potential storage site for carbon captured from coal-fired power stations (Lovell, 2009), and a mechanism for rapid changes in relative sea-level in non-glacial times (Lovell, 2010)
Earth Sciences, Cambridge
Earth Sciences is a long-established Department within the University of Cambridge, that offer world-class teaching courses, carry out innovative and forward-thinking research, and provide excellent facilities in a dynamic and inclusive environment.
11:40

John Simmons - Principal Advisor - RPS Energy

Public acceptance - the first challenge to meet in CCS

Talk Description.
It is often said that to every problem there is at least one elegant solution and CCS appears to be a most elegant solution to part of the anthropogenic atmospheric CO2 problem. That was certainly the view of many geoscientists in the early days of this technofix. The public however are not convinced. Many of that community have been surprised and disappointed that the public has in general not shared their enthusiasm for what appears to be a rationale and, more importantly, a potentially achievable goal. This presentation examines the interface between science and the public, a public that has already stopped a number of CCS schemes and suggests that lessons learned from other industries can be applied to raise the chances of CCS schemes becoming reality.
(A talk compiled with help from Ben Hedley of Durham University)
RPS Energy
RPS Energy provides a range of technical, commercial and project management support services to the international energy industry, covering geoscience, engineering and HS&E, with offices around the world.
12:05

Michael Priestnall - - Cambridge Carbon Capture

Mineralisation as a profitable alternative to geological storage of CO2


Cambridge Carbon Capture
Start-up and potential University of Cambridge spin-out venture Cambridge Carbon Capture, is developing unique and scalable CO2-mineralisation technology. This technology will enable the power, mining, waste and chemicals industries to cheaply convert fossil fuels to carbon-free electricity and sequester carbon dioxide safely, permanently and as a solid product. Founder, Michael Priestnall, formerly 'Carbon Trust Innovator of the Year' says 'what's really exciting about our process is that by turning costly wastes into valuable minerals, metals and chemicals, we have created the business case for industry to adopt CCS in a global market worth around a trillion dollars each year.
12:40

Jon Gluyas - Chairman of Board of Studies & Professor in CCS - Durham University

Enhanced oil recovery using CO2 – The North Sea, an opportunity?

Talk Description.
Carbon dioxide has long been used to enhance the recovery (EOR) of oil from fields within West Texas. Published data indicate that the process can recover 10% of initial oil in place on top of that already won from primary depletion and secondary water flood. Experience has shown that 1 tonne of injected CO2 can deliver 2.5 to 5bbl oil. Typical project lengths are in the order of 15 to 20 years.

For the UK we have no experience of using CO2 for EOR in the North Sea – although in the late 1970s BP did a small trial at one of their onshore fields and, of course, Statoil has 10 years worth of experience on the NOCS gained from the Sleipner project, in which separated CO2 is being injected into a deep aquifer.
Published figures from the UK’s Department of Energy & Climate Change indicate that the ultimate UK oil reserve, using the current primary and secondary recovery, is in the order of 30 billion barrels. Data on the initial oil in place is less readily available but we can calculate such a figure from the published information on recovery factor, which is around 45%. From this we can estimate the STOIIP on the UKCS to be around 67 billion barrels. Using CO2-EOR an additional 10% of recovered STOIIP equates to 6.7 billion barrels. Given that the West Texas analogue may not be good and a number of the fields may not be suitable for this method of EOR either for technical or logistical reasons let us more than halve the figure and suggest that it may be possible to recover an additional 3 billion barrels of oil from the major UK North Sea fields.

That such a volume of oil could deliver substantial fillip to the UK Treasury at a time of acute need is without doubt but this is only part of the story. A CO2-EOR industry would also enable the processes of CO2 capture, transport, injection and monitoring to be properly developed and the infrastructure to be constructed – ready for full CCS. The UK could lead the world in such offshore technology and then export such know-how.

And the source of CO2?

Take every molecule of industrially produced CO2 from Aberdeen to Hull and there is just about enough to satisfy the potential requirements. The technical difficulties and commercial hurdles for the first such North Sea CO2-EOR projects are huge; so too are the rewards.
Durham University
Durham University is a world-class university in two locations: in the city of Durham and at our Queen's Campus in Stockton. In both locations the University is engaged in:

* high-quality teaching and learning
* advanced research and partnership with business
* regional and community partnerships and initiatives
* services for conferences, events and visitor accommodation.

The University is collegiate, with colleges providing residential, social and welfare facilities for their student members, and creating a sense of community for staff and students together. Its academic teaching and research programmes are delivered through departments contained within three faculties: Arts and Humanities, Science, and Social Sciences and Health.
13:15 Raffle draw

13:20 Lunch

Sponsors of this event

BP
BP is one of the world's leading international oil and gas companies. We provide customers with fuel for transportation, energy for heat and light, lubricants to keep engines moving, and the petrochemicals products used to make everyday items as diverse as paints, clothes and packaging.

Opus Executive Partners
Opus Executive Partners is a specialist advisory firm serving the energy, mining and natural resources industries.

Opus Executive Partners act as a strategic advisor and provider of Board-level resourcing solutions to national and multi-national companies helping them overcome key business challenges by meeting critical leadership and governance needs.

Whether you are looking for advice, or to fill Board-level (Executive or Non-Executive) or Senior-level Management positions Opus can help you unlock new growth and value across your business.

New Eyes Exploration
New Eyes Exploration, founded by David Bamford, explores new ways to discover Oil and Gas.

Bernstein Research
Sanford C. Bernstein is widely recognized as Wall Street's premier sell-side research firm. Their research is sought out by leading investment managers around the world, and they are annually ranked at the very top of acknowledged arbiters. In independent surveys of major institutional clients, Bernstein's research is ranked #1 for overall quality, industry knowledge, most trusted, best detailed financial analysis, major company studies, most useful valuation frameworks, best original research, and most willing to challenge management. In Institutional Investor's 2008 annual client survey, the leading survey by which analysts in our industry are evaluated, 100% of our U.S. Analysts were recognized as among the best in their respective fields -- more than any other firm on Wall Street.

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3G Communications
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Roy Chapple
Business Development Manager
3M
Karl Jeffery
Editor
Finding Petroleum
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Oxana Bristowe
Partner
Opus Executive Partners
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Trustee
AAPG Europe
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Adam Marmaras
Event Organiser
Finding Petroleum
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Andy Bowes-Lyon
Consultant
OTM Consulting Ltd
UK
Anna Schulenburg
Analyst
Active Earth Investment Management
John Finder
Sales Manager
Finding Petroleum / Digital Energy Journal
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Account Manager
Palantir
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Director Financial Analysis & Modelling
Advanced Power UK
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Adya Deshmukh
Process Engineer
Fluor Ltd
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Palantir Economic Solutions
Charles Morris
Analyst
Amiya Capital
Helen Kilbride
Process Engineering Manager
FLUOR Ltd
David Bamford

Petromall Ltd
Maria Suttle
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B9 Coal
Steve Rowlands
Marketing Geologist
Fugro
Daniel Lawson
Producer
Platts
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Oswald Clint
Senior Analyst
Bernstein Research
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Christopher Artell
North Africa Scout
Fugro Data Solutions Ltd
United Kingdom
Michelle Thorby
Business Development Manager
Plattts
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Poppy Allonby
Director
BlackRock Investment Management (UK) Ltd
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Marketing Geologist
Fugro Robertson
Jerry Lunn
Group Information Manager
Premier Oil
United Kingdom
Catherine Airlie
Reporter
Bloomberg
Rebecca Owen
Commissioning Editor
Future Science Group
William Wilson
Account Manager
Presearch Ltd
Ben Dutton
Geoscience Applications Developer
Blueback Reservoir
Nick Burniston
Investment Analyst
GAM
Ian Morgan
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Farah Hasanli
Associate
Bond Pearce LLP
David Webber
Seismic Operations Supervisor
GBPetroleum
Nigel Quinton
Consultant
QX Energy Limited
United Kingdom
Antony Benham
Business Development Manager
British Geological Survey
Rafique Samdani
Business Development Manager
GeoPressure Technology
Malaysia
Robert Snashall
Consultant
RGSConsult
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Tom Morris
Commercial Manager
Cairn Energy PLC
John O'Hara
Principal Consultant
GL Noble Denton
Felicite Robertson

Robertson & Co - Translation & Interpreting
david sevier
director
carbon cycle
Norman Hempstead
Director
Hempstead Geophysical Svcs
United Kingdom
Robert Waterhouse
Director
Rosha Resources Ltd
United Kingdom
Lucas McGrady
Environmental Consultant
CarbonCom
John Mills
PhD Student
Heriot-Watt University
Andy Byrne
Senior Manager
Royal Dutch Shell
Chris Atkinson

CaribX
Tim Gibbons
Managing Director
Hoolock Consulting
United Kingdom
John Packer
Project Coordinator
RPS Energy Limited
United Kingdom
Giorgio Caramanna
Resaercher
Centre for Innovation in Carbon Capture and Storage
Zhaocong Zhou
consultant
IHS
United Kingdom
Samia Ahmed
Geologist
S A consultancy
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Jacky Kenna
Director
Closer Strategic Research Ltd
Adrian Heafford
Senior Geologist
IHS
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Shabbab Khan
Senior Manager
SAP
Alan James
MD
CO2DeepStore.com
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Mark Diaz
Director
IHS
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Angus Evers
Partner
SJ Berwin LLP
Christopher Roberts
Principal
consultant
United Kingdom
Erik Darner
Business Analyst
IHS CERA
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David Willson
President
Stanbridge Capital
Roger Doery
Consultant
Consultant
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Claire Jones
Analyst
IHS Markit
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Director
Systems Navigation Ltd.
Robert (Bob) Parker
Consultant
Consultant
Peter Dolan
Founding Non-Executive Director
Ikon Science Limited
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Peter Hodgson
Principal Researcher
Tata Steel RD&T
Peter Farrington
Geophysicist
Consultant Geophysicist
United Kingdom
Martyn Millwood Hargrave
CEO
Ikon Science Ltd
United Kingdom
Eric ASH
Adviser
TCE (Tatas Consulting Engineers
Dan Kunkle
Director
Count Geophysics
United Kingdom
Xin Zhou
PHD
Imperial College London
United Kingdom
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European Sales Manager
Teledyne Isco
United Kingdom
Rob Maloney
Researcher
Cranfield University
United Kingdom
ZILI ZHANG
PhD student
Imperial College London
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Stephen Pharez
Chief Geoscientist - Reservoir Solutions
TGS
United Kingdom
Alissa Cotton
PhD Researcher
Cranfield University
Mark McBride
PhD Research Student
Imperial College London
United Kingdom
John Sunderland
Retired
TGS-NOPEC-retired
United Kingdom
Rick Donoghue
Director
Crescus
United Kingdom
andrew troup

independant
Nic Bilham
Head of Strategy and External Relations
The Geological Society
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Senior Associate
Critical Resource
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Independent Consultant
Brian McBeth
Managing Partner
The Oxford Consultancy Group
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Senior Project Engineer
Davy Process Technology
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Independent Management Consultant
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Sales Director
thyssenkrupp
United Kingdom
Robin Palmer

Deerfield Group Ltd
Michael Priestnall
Lead Technologist of Energy Catalyst
Innovate UK
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Company Administrator
Troika International Limited
Mikael Lüthje
Geophysicist
DONG Energy
Denmark
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Science Correspondent, Channel 4 News
ITN
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Chemical Engineering Undergraduate
University of Cambridge
Adam Parrott

Durham University
Graeme Dunn
Technology Manager
Jacobs
Jamie Stewart
Research Associate
University of Edinburgh
Chris Greenwell
Research Fellow
Durham University
Rajeev Madhavan
Oil & Gas Analyst
Lambert Energy Advisory Ltd
United Kingdom
Hazel Clyne
MSc Carbon Capture and Storage
University of Edinburgh
jon gluyas
prof of geoenergy & ccs
durham university
Ivan Guevara-Bernal
Managing Director
LEMCO
David Steen
Director
UOP NV
Jide Adefioye
Petroleum Engineer
E&P
United Kingdom
Chris Stenlake
Senior Geologist
Linc Energy
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Chairman
ViaLogy PLC
United Kingdom
Paul Martin
Senior Consultant
EIC Risk Consulting
Emily Ashton
Environmental Projects and Policy Officer
London Borough of Brent
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Product Manager
Voith Turbo
United Kingdom
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Managing Director
EIC Risk Consulting
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Sales & Business Development Manager
MAN Diesel & Turbo UK Ltd
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Investment Manager
Wellcome Trust
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Director
Enceladus Associates
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Analyst
Manulife Asset Management
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MD
Wessex Climate Solutions
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Knowledge Manager
Energy Institute
United Kingdom
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Senior Associate
McGrigors
United Kingdom
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Partner
Willis
phil pearson

EnviroBusiness
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Solicitor
McGrigors
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Executive Director
Willis Limited
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Industry Regulation Specialist
Environment Agency
United Kingdom
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Solicitor
McGrigors LLP
gary webster
Development director
Wood Group kenny
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Knowledge transfer manager
Environmental Sustainability KTN
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researcher
mitsui
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Consultant
World Bank
United States
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Assistant Director
Ernst & Young LLP
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Executive Director
Morgan Stanley
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Seeking New Opportunities
www.CV.Couzens.biz
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Managing Director
Europa Oil & Gas
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Business Development Manager
Murphy Pipelines Limited
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Director
Yellow Wood Energy
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Equity Analyst
F&C Investments
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MD
NDB Ltd
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