Not exact matches
In North America's most active shale
fields, the drilling and hydraulic fracturing
of new wells is directly placing
older adjacent wells at risk
of suffering a premature decline in
oil and gas production.
Today about one quarter
of that CO2 comes from industries that happen to be located close to
old oil fields and produce lots
of CO2 as a by - product, such as fertilizer manufacturing plants or cement kilns.
In September 2005, the Intergovernmental Panel on Climate Change, a United Nations organization that includes scientists from nearly every country in the world, released a report estimating that 2 trillion tons
of carbon dioxide could be stored in
old coal mines, abandoned
oil and gas
fields, and in various other geologic formations around the world.
Now Brazilian officials speak
of 50 billion barrels or more lying below the salt: a 160 - million - year -
old empire
of hydrocarbons, comparable in volume to the great
oil fields of Saudi Arabia and Kuwait, spread below an expanse
of ocean half the size
of Italy — all suddenly within reach.
Roughly 40 percent
of the
oil produced from California's century -
old fields relies on the steam technique — and it is the largest industrial use
of natural gas in that state.
In general, I tend to agree more with the «peak
oil» theory than disagree with it, mainly because there haven't been a lot
of new big
oil finds, and depletion
of old fields continues.
The increments offered by ANWR and offshore are useful but aren't going to do much to bring down the price
of oil or lessen our dependence on the Saudis and Russians — certainly not now, and probably not much in the future, when those increments come online and do little more, probably, than offset declines in
older American
fields.
But to win money from the newly - available federal Clean Coal Power Initiative, Southern now promised to also use TRIG to capture most
of the plant's carbon dioxide, which would be compressed and piped out to
older underproducing
oil fields and injected into the ground to drive more
oil to the surface — a process called enhanced
oil recovery.
Seawater is threatening to swamp the wells
of Cantarell as the
field's pressure diminishes, a debilitating symptom
of old age that makes it tougher to extract the remaining
oil.
Oil and Gas Investor: The technology that fueled the U.S. shale revolution could breathe new life into old oil fields outside of North Ameri
Oil and Gas Investor: The technology that fueled the U.S. shale revolution could breathe new life into
old oil fields outside of North Ameri
oil fields outside
of North America.
One
of the
oldest CO2 storage projects aimed at squeezing more
oil from
old oil -
fields was started in 2001, at Weyburn in Saskatchewan, Canada.
As we explained in December (This is the ongoing gas leak in California that's an epic ecological disaster) in the United States
old oil fields are commonly used on the premise that geological sites that were good at keeping in
oil for millions
of years would also be good at keeping in gas — there are hundreds
of depleted
oil fields now doing service as storage sites for natural gas.