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We propose that the Play-Based methodology for characterizing the exploration potential of an area developed and successfully used in Petroleum exploration during the last two decades should be deployed for the characterization of the risks and uncertainties of the Area of Review (AoR) as defined by Environmental Protection Agency (EPA) for Class 6 well (CCUS) permit approval process.
Because both the application for an injection project permit is iterative, and because the development of a carbon sequestration project is a long-term, capital-intensive, multi-stage process, we further propose that the “Stage-Gate” process developed for the management of capital-intensive E&P projects should be utilized to properly manage these endeavors.
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AAPG CCUS March 29-31 Registration. Poster presented March 31st, 12:00-1:45 pm