Event Quick Information

Date
Tuesday, May 30, 2023
Time
11:10 AM – 11:30 AM

Carbon Capture Usage and Storage at Petroleum Development Oman

As part of its mid and long term decarbonization strategy, Petroleum Development Oman (PDO) is committed to achieve net zero by 2050,and aspires to support the Sultanate’s industry decarbonization ambitions. Carbon Capture Utilisation and Sequestration (CCUS) is a key enabler to realise these plans. The base-case sink for the PDO CO2 is likely to be sequestration into mature oil fields through the application of CO2 flood enhanced oil recovery (EOR). The potential economic upside of EOR will be critical in supporting the economics of CCUS investment. A portfolio of CO2 EOR/EGR opportunities was established in PDO in 2019. To mature the CCUS portfolio while building inhouse technical capabilities around CO2 EOR, PDO embarked in de-risk activity for EOR project and kick-off studies to screen the sink to be used as storage. The CCUS technical framework will realise these opportunities through: • Definition of CCUS projects (EOR / EGR) and opportunities within PDO concession area • Definition of additional carbon sinks within PDO concession area, for sequestration • Identification of demonstration projects for CCUS to accelerate and enable skill building.

As part of its mid and long term decarbonization strategy, Petroleum Development Oman (PDO) is committed to achieve net zero by 2050,and aspires to support the Sultanate’s industry decarbonization ambitions. Carbon Capture Utilisation and Sequestration (CCUS) is a key enabler to realise these plans.

The base-case sink for the PDO CO2 is likely to be sequestration into mature oil fields through the application of CO2 flood enhanced oil recovery (EOR). The potential economic upside of EOR will be critical in supporting the economics of CCUS investment. A portfolio of CO2 EOR/EGR opportunities was established in PDO in 2019. To mature the CCUS portfolio while building inhouse technical capabilities around CO2 EOR, PDO embarked in de-risk activity for EOR project and kick-off studies to screen the sink to be used as storage.

The CCUS technical framework will realise these opportunities through:

  • Definition of CCUS projects (EOR / EGR) and opportunities within PDO concession area
  • Definition of additional carbon sinks within PDO concession area, for sequestration
  • Identification of demonstration projects for CCUS to accelerate and enable skill building. 
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