Economic Feasibility Evaluation of CO2-ECBM: A Case Study in Qinshui Basin, China

Qian Lin Zhu; Zhong Deng; Xian Xing Qin

doi:10.4028/www.scientific.net/AMR.962-965.2253

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HomeAdvanced Materials ResearchAdvanced Materials Research Vols. 962-965Economic Feasibility Evaluation of CO2-ECBM: A...

Economic Feasibility Evaluation of CO₂-ECBM: A Case Study in Qinshui Basin, China

Abstract:

For carbon dioxide capture and geologic storage to be deployed commercially and in a widespread manner will require well thought out economic feasibility. As one of the main coalbed methane resource reservoirs of China, Qinshui Basin is being widely technical studied about how to enhance coalbed methane recovery by CO₂ injection (CO₂-ECBM). In this study, an economic feasibility evaluation is presented to discuss economy to the CO₂-ECBM, and how to choose the best exploit scheme. Two exploiting schemes were compared. The evaluation results show the exploit scheme that the CO₂ storage potential is designed 1.5 Mt/year, the well configuration pattern is 5-spot 160 ac, and the exploited area is 194 km² is a better choice. The sensitivity analysis results show the profit is the most sensitive parameter, which reminds us should strictly control this uncertainty. The CO₂-ECBM project has a strong robustness, and the Qinshui Basin has a further CO₂-ECBM prospect from economical view.

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Periodical:

Advanced Materials Research (Volumes 962-965)

Pages:

2253-2257

DOI:

https://doi.org/10.4028/www.scientific.net/AMR.962-965.2253

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Online since:

June 2014

Authors:

Qian Lin Zhu*, Zhong Deng, Xian Xing Qin

Keywords:

CO₂ Geological Storage, CO₂-ECBM, Economic Evaluation, Qinshui Basin

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* - Corresponding Author

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