Feasibility Study of CO2 Flooding under Gross-split Mechanism: Simulation Approach

Muslim Abdurrahman, Wisup Bae, Adi Novriansyah, Dadan Damayandri, Bop Duana Afrireksa

2019

Abstract

Importance of Carbon Dioxide (CO 2 ) injection into the subsurface reservoir is essential since the concern of global warming and climate change issues in Indonesia. Selecting the oil reservoir as a candidate for a storage site is an attractive option due to CO 2 gas utilization is effective for Enhanced Oil Recovery (EOR) purpose. Continuous and Water-Alternating-Gas (WAG) CO 2 flooding are the most commonly applied scenarios in the oil and gas industries. Considering the EOR side, choosing an appropriate scenario is mandatory for cost efficiency reason and influences the oil share amount between the Indonesian Government and operator under the gross-split mechanism. Therefore, by using a simulation approach, the feasibility of continuous and WAG CO2 injection is observed to decide the most financially attractive choice. Simulation results reveal a WAG scenario recovers slightly more oil compare to continuous injection scheme. Application of gross-split under base-share makes both injection strategies unattractive for investors. An adjustment of government-contractor share is required to improve the feasibility of the project.

Paper Citation

in Harvard Style

Abdurrahman M., Bae W., Novriansyah A., Damayandri D. and Afrireksa B. (2019). Feasibility Study of CO2 Flooding under Gross-split Mechanism: Simulation Approach.In Proceedings of the Second International Conference on Science, Engineering and Technology - Volume 1: ICoSET, ISBN 978-989-758-463-3, pages 15-19. DOI: 10.5220/0009063200150019

in Bibtex Style

@conference{icoset19,
author={Muslim Abdurrahman and Wisup Bae and Adi Novriansyah and Dadan Damayandri and Bop Duana Afrireksa},
title={Feasibility Study of CO2 Flooding under Gross-split Mechanism: Simulation Approach},
booktitle={Proceedings of the Second International Conference on Science, Engineering and Technology - Volume 1: ICoSET,},
year={2019},
pages={15-19},
publisher={SciTePress},
organization={INSTICC},
doi={10.5220/0009063200150019},
isbn={978-989-758-463-3},
}

in EndNote Style

TY - CONF

JO - Proceedings of the Second International Conference on Science, Engineering and Technology - Volume 1: ICoSET,
TI - Feasibility Study of CO2 Flooding under Gross-split Mechanism: Simulation Approach
SN - 978-989-758-463-3
AU - Abdurrahman M.
AU - Bae W.
AU - Novriansyah A.
AU - Damayandri D.
AU - Afrireksa B.
PY - 2019
SP - 15
EP - 19
DO - 10.5220/0009063200150019