Industrial project management for carbon storage site characterization and lifecycle of the carbon credits trading

March 24, 2022
U3 Explore
Our services provide reduction of uncertainty in subsurface characterization during carbon subsurface storage permit application, construction authorization, and site operations, which requires a consistent approach using data quality and reliability assessment and applying statistically valid data analysis to better understand subsurface variability.
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What is our approach?

Our services provide reduction of uncertainty in subsurface characterization during carbon subsurface storage permit application, construction authorization, and site operations, which requires a consistent approach using data quality and reliability assessment and applying statistically valid data analysis to better understand subsurface variability.

For Companies - we deliver the geologic and engineering site characterization necessary for injection permit application in the development of permanent carbon storage projects:

  • Regional geologic setting – stress regime, regional seals, seismicity, and other geologic risks in the area.
  • Local subsurface Storage container –establishing a baseline for storage,  container capacity, seal integrity – injectivity effectiveness at well locations.
  • Permanent storage or reuse of the captured carbon - assessment for CCS or CCUS type of carbon project

For Regulators – for Government Agencies needing to meet IPCC and IEA climate change targets we can:

  • Define regions and reservoirs suitable as CCS/CCUS injection sites.
  • Assess local geologic parameters for permanent carbon storage.
  • Mature CCUS application process.
  • Establish site monitoring and closure requirements.

Other U3 Explore services relevant to the delivery of projects that we can provide in collaboration with service partners include:

  • Data collection and analysis before, during, and after injection.
  • Geospatial enablement (GIS component of the project).
  • Geologic site remediation.
  • Carbon credits trading platform development
  • Blockchain powered carbon credit lifecycle management
  • Technology enablement for decarbonization projects

Why the time to act is NOW

Governments and companies need to meet IPCC and IEA climate change targets

CCUS projects are likely to be of a comparable scale to major E&P Capital Projects, so there is need to plan and modify enterprise and individual behaviors in the short term to deliver projects in the coming decades.

For regulators - The government are establishing requirements for CCS/CCUS projects

  • Learn from the best practices research to define criteria for subsurface CCS site characterization.
  • Governments need assessments to apply for FDI
  • Governments need to provide incentives for the businesses to change behaviors
  • Governments need to measure and monitor reductions in emissions
  • Become [KS1] 

For operating companies

  • Demonstrate carbon-negative operations
  • Participate in transparent and secure carbon credits trading
  • Manage injection sites
  • Monitor injection sites
  • Plan to perform efficient site closures

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Glossary:

IPCC = Intergovernmental Panel on Climate Change www.ipcc.ch United Nations

IEA = International Energy Agency

OECD = countries members of Organization for Economic Cooperation and Development

[KS1] I think this is maybe beyond our scope. We recognize it needs to be done, but are not in a position to influence how it happens…

‍

DOMAINS
CCS - Carbon Capture and Storage
CCUS - Carbon Capture Utilization and Storage
Energy Transition
EOR - Enhanced Oil Recovery
Regional Studies
Geology Remediation
Seal Capacity
CCS - Carbon Capture Sequestration
Geography
Global
USA
GOM USA
United Kingdom
United States
Europe
AUTHOR
COAUTHOR(s)
Katya (Ekaterina) Casey
MEMBER SINCE
Nov 16, 2019
CEO Managing Director, Actus Veritas Geoscience LLC

Katya is one of the founders of Actus Veritas Geoscience and U3 Explore. She has more than 30 years of experience in the Petroleum Industry. Katya is a uniquely qualified professional with experience in geoscience, geospatial analysis, design, and implementation of specialized technical assessments and technologies in the Upstream Oil and Gas Industry. She is now applying her oil and gas subsurface characterization skills in decarbonization projects in regional and injection site assessments.

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Kevin Schofield
MEMBER SINCE
Jan 21, 2020
Principal Geologist

Kevin’s 37 years of experience in technical leadership and SME roles has resulted in a deep integrated understanding of exploration, development and project oversight in deepwater petroleum systems in the Gulf of Mexico, North Sea & West Africa. He has also worked extensively in the Middle East & Australasia. As a Divisional and Corporate Chief Geologist he developed significant experience in integrated project assurance, & individual and team development. He has developed/delivered short- and long-form courses for industry in Play-Based Exploration and Integrated Project Development.

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Juan Francisco Arminio
MEMBER SINCE
Sep 7, 2020
Geoscience Advisor

Senior Geoscience Advisor at U3 Explore, G&G Manager at New Stratus Energy, and Associate Professor at Universidad Simón Bolívar. Geoscientist with extensive experience in exploratory analysis and integration, passionate for new technologies applied to solve geotechnical challenges. Skilled in uncertainty reduction and functional play visualization for exploration and production of hydrocarbons, and subsurface container characterization.

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VIEW REPORT
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VIEW REPORT
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VIEW REPORT
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Apr 28, 2020
Ricardo Sebastian Martinez

The success of oil and gas production from shale plays in the U.S in the last decade has also drawn attention to the most prolific source rock of the Neuquen Basin in Argentina, which is called Vaca Muerta Formation. Today, with approximately 110 MBls/d of oil and 1 Bcf of gas production from 1400 wells, it represents 5% and 23% of the total production of oil and gas of Argentina respectively.

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The success of oil and gas production from shale plays in the U.S in the last decade has also drawn attention to the most prolific source rock of the Neuquen Basin in Argentina, which is called Vaca Muerta Formation. Today, with approximately 110 MBls/d of oil and 1 Bcf of gas production from 1400 wells, it represents 5% and 23% of the total production of oil and gas of Argentina respectively.
Survey Results Report:  "Oil and Gas: Let's Check our Corona Virus Related Temperature"
Apr 7, 2020
Katya (Ekaterina) Casey

This analysis uses the data collected over March 25th- April 5th. By the digital nature of our survey, the responses are biased towards technically enabled companies and individuals that were set up for occasional remote work. We analyze 1- the overall level of the system preparedness for such an extraordinary situation when the majority of the workforce is working from home, where the entire family is streaming homeworks, videos, and videoconferencing; 2- social aspects of the remote working; 3- feedback on the support provided for remote workers and ideas on post-crisis recovery

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This analysis uses the data collected over March 25th- April 5th. By the digital nature of our survey, the responses are biased towards technically enabled companies and individuals that were set up for occasional remote work. We analyze 1- the overall level of the system preparedness for such an extraordinary situation when the majority of the workforce is working from home, where the entire family is streaming homeworks, videos, and videoconferencing; 2- social aspects of the remote working; 3- feedback on the support provided for remote workers and ideas on post-crisis recovery
Ñirihuau Basin Report, Argentina
Jan 16, 2020
Ricardo Sebastian Martinez

Located in southwestern Argentina, it covers around 15000 Km2, with more than 10.000 ft. thickness in the depocenters. The basin has more than 100 years of exploration history started with the exploitation of 10 barrels a day from 4 wells in “Arroyo de La Mina” oil seepage. This report summarizes the new exploration ideas, based on geochemical data and outcrops description that allows the existence of a hypothetical new petroleum system. This idea generates high exploration potential in undrilled deep sections of big structures.

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Located in southwestern Argentina, it covers around 15000 Km2, with more than 10.000 ft. thickness in the depocenters. The basin has more than 100 years of exploration history started with the exploitation of 10 barrels a day from 4 wells in “Arroyo de La Mina” oil seepage. This report summarizes the new exploration ideas, based on geochemical data and outcrops description that allows the existence of a hypothetical new petroleum system. This idea generates high exploration potential in undrilled deep sections of big structures.
Colorado Basin Report, Offshore Argentina, Exploration Review
Jan 21, 2020
Ricardo Sebastian Martinez

This report contains an exploration review of Colorado Basin, located in southeastern Argentina, it has onshore and most extensive offshore sections with more than 125000 Km2 of total extension. The basin has more than 70 years of exploration history, with a few wells drilled, one of them recovered 39º API Oil from Early Cretaceous Syn-rift sandstone. Three main plays were identified, with high exploration potential: Rift Margin Play, Continental Slope Play, and Thrust belt play.

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This report contains an exploration review of Colorado Basin, located in southeastern Argentina, it has onshore and most extensive offshore sections with more than 125000 Km2 of total extension. The basin has more than 70 years of exploration history, with a few wells drilled, one of them recovered 39º API Oil from Early Cretaceous Syn-rift sandstone. Three main plays were identified, with high exploration potential: Rift Margin Play, Continental Slope Play, and Thrust belt play.
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