ADIPEC 2023: SLB launches carbon storage screening solution

Oct. 4, 2023
New service designed to improve safety, economics of carbon storage projects.

Offshore staff

ABU DHABI — At ADIPEC, SLB has launched a carbon storage screening and ranking solution that is designed to increase confidence in site selection decisions based on scientific analysis of the long-term integrity and economic potential of an asset.

The company said that the solution is designed to help customers avoid suboptimal storage sites with risk factors that can waste valuable time and resources, as well as increase the probability of a carbon capture, utilization and storage (CCUS) project reaching final investment decision (FID).

The screening and ranking solution uses both technical and nontechnical data to provide a detailed assessment of the capacity and economic viability of storage sites, while identifying potential risks. A benchmark comparison, pulling from successful storage projects globally, is created to provide a relative basis for ranking each site.

SLB says that the solution uses proprietary tools, augmented by advanced digitally enabled workflows, to provide a fast, traceable and consistent process to validate the data, with an emphasis on risk identification using sensitivity and uncertainty analysis.

In Trinidad and Tobago, SLB says that it collaborated with a customer to screen and rank potential storage sites, ahead of a scheduled offshore exploration and production and carbon storage licensing round. SLB evaluated storage sites in three geographic provinces, using 67 key criteria from SLB’s proprietary workflow to evaluate potential sites. It then performed a sensitivity analysis to understand the influence of varied attributes and site properties on the ranking outcomes. The sites’ performance was benchmarked against the attributes of carbon storage basins in the United States and Europe.

Using Monte Carlo simulations to evaluate more than 2,000 iterations, SLB ranked the sites for the customer from best to worst. SLB says that the process helped the customer to prioritize areas with prime subsurface and surface characteristics, as well as high grading zones for more detailed evaluation and investment.