Nobody downloaded yet

Innovation Energy: Futuristic Perspectives on CO2-EOR Technologies - Research Paper Example

Comments (0) Cite this document
Summary
Whether innovation in technology reduces a nations’ dependence on oil is a challenging issue. Innovation in oil can provide solution to geopolitical and environmental issues, boosting the demand to speed up innovation in energy technology…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER97.1% of users find it useful
Innovation Energy: Futuristic Perspectives on CO2-EOR Technologies
Read TextPreview

Extract of sample "Innovation Energy: Futuristic Perspectives on CO2-EOR Technologies"

Download file to see previous pages The Statement of the Problem The biggest issue is know whether CO2-EOR technology, one of the leading “next generation” technologies in enhancing the oil recovery potential with CO2 fulfills the futuristic concerns. CO2 has been a major cause of concern for creating greenhouse effect related to environment. Mitigating the risks associated with excessiveCO2 by injecting it underneath the oil fields fortunately is being used in recovering oil. Whether it is cost effective technology or not is another significant cause of concern. Some of the success stories in leveraging from the CO2-EOR innovation satisfy the quest for knowledge on different aspects through this writing. Definition of Term Enhanced Oil Recovery (EOR)EOR is also known as tertiary oil recovery. It follows primary recovery (oil recovered by the natural pressure in the reservoir) and secondary recovery (using water injection). Out of different EOR technologies, CO2 flooding technology is discussed and analyzed. Theoretical Framework A five part theoretical framework would be used to measure the CO2 stocking capacity and EOR capacity of domestic oil reservoirs, which are: gathering and updating the Leading Oil Reservoirs Database; (2) assessing the minimum miscibility pressure for using CO2 -EOR; employing minimum miscibility pressure and other parameters to find reservoirs suitable for CO2-EOR; computing oil production by using “Next Generation” CO2-EOR technology; and taking the latest cost and economic model. Significance of the Study In the line of many innovative energy concepts for various energy producing resources, the study on enhancing oil production is very crucial, as it serves two purposes at a time, which are drilling oil from reservoirs economically and efficiently and at the same time injecting CO2 underneath the depleted reservoirs. The importance of the study becomes more crucial as it is done on a natural resource that can not last for ever. Efficient and economical exploration and drilling of the oil reserves can play a significant part in this direction. Background of the Study - Overall history of the subject area Innovative energy challenges can be better managed through collaborative efforts for leveraging expertise to be used in speeding up the development and usage of innovative energy and technology. Such collaborations to resolve energy challenges at different state, nation, and global levels need to be supported. Among a number of research initiatives is the Hybrid Power System, which promises high-efficiency and low carbon footprint. Such successful initiatives can decrease dependence on fossil fuels for electricity generation while at the same time enabling the capture and sequestration of CO2. Carbon sequestration (CO2 capture followed by permanent storage) is a dependable electrochemical technique to reduce carbon dioxide emissions from large source points. CO2 capture needs to be energy and cost-efficient to reduce the cost effect (NETL, 2011). Taking the US innovative energy scenario for carbon dioxide enhanced oil recovery (CO 2 EOR), there are 1,200 reservoirs in the down 48 states suitable for CO2 EOR. Against the expected crude oil market cost of $85 each barrel, these reservoirs have the potential of 24 billion barrels to be exploited. Future production from CO2 EOR can increase to 60 billion barrels. This uncovers a huge untapped resource via CO2 capture technology, which is equal to 60-90 GW of coal-fired plants with ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Innovation Energy: Futuristic Perspectives on CO2-EOR Technologies Research Paper”, n.d.)
Retrieved from https://studentshare.org/nursing/1428876-innovation-energy-futuristic-perspectives-on-co2-eor-technologies
(Innovation Energy: Futuristic Perspectives on CO2-EOR Technologies Research Paper)
https://studentshare.org/nursing/1428876-innovation-energy-futuristic-perspectives-on-co2-eor-technologies.
“Innovation Energy: Futuristic Perspectives on CO2-EOR Technologies Research Paper”, n.d. https://studentshare.org/nursing/1428876-innovation-energy-futuristic-perspectives-on-co2-eor-technologies.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Innovation Energy: Futuristic Perspectives on CO2-EOR Technologies

Technologies and Innovation

...Research Proposal –management Introduction Most of the fortune 500 companies have used technology to ensure that it is in a position to create opportunities if not be the first one to capitalize or take advantage of emerging opportunities before their competitors do. As an aspiring business woman with a strong background in applying new and existing technology and applying it the same way the companies in the fortune 500 does I want therefore to focus my area of study in exploring new technology or concepts that will widen my perspective and extend my horizon. However, technology and its innovation tend to change every so often...
3 Pages(750 words)Essay

New and Emerging Energy Supply Technologies

...to make energy supply cleaner and hopefully, cheaper with the ultimate objective of weaning away from the dependency to carbon based energy sources that cause excessive CO2 emission. These emerging technologies ranges from making the existing energy source more efficient that would significantly reduce its CO2 emission to the point that it is already negligible such as carbon capturing sequestering4 to technologies that virtually emits no CO2 such as hydrogen fuel whose byproduct is only a vapor. The harnessing of nature to produce electricity such as the usage of Dinorwig's reversible pump/turbines also...
11 Pages(2750 words)Essay

Qatar's CO2 Emissions

..., the environment and greenhouse gas emissions, it is understood that controlling and monitoring the carbon and ecological footprint of manmade processes is an indispensable requirement. Qatar is the Highest Country per Capita in CO2 Emissions As already stated, Qatar’s per capita CO2 emissions are the highest in the world. The main reason for Qatar’s high CO2 emissions is its extremely high use of energy (Pearce). Qatar has large industries for the extraction and processing of its fossil fuel reserves (GSDP 104). These industries themselves have high energy consumption. Qatar is the largest producer of liquefied natural gas and exports a huge amount of...
4 Pages(1000 words)Research Paper

Innovation in Technologies of Killing

...?Running Head: Innovation in Technologies of Killing Innovation in Technologies of Killing [Institute’s Innovation in Technologies of Killing Introduction Humans are referred as social animals as they prefer to live within societies, communities and groups in an interdependent manner. However, even a glance at the human history would reveal that human societies have never been completely peaceful and violence and conflict have shaped several chapters of human history (Singer, 2010, p. 62). As the human society has advanced, the same has been the case with the weapons used in these conflicts. The changes that have been brought the weaponry...
8 Pages(2000 words)Essay

Futuristic Theory in Designs

..., music, architecture, and painting among others for their predictability. During this time, futurists were highly interested in the ideas of the future and were not held captive by the issues of past. The creators of these media were interested in the nature of the life’s speed, violence, and technological growth. For example, futuristic music was engaged in homage, inclusion, and imitation of machines that were beyond the present. The futurists later encompassed other domains and later captured the industrial design, textiles and architecture. Futuristic designers create critical designs that challenge the narrow assumptions and preconceptions on the...
10 Pages(1750 words)Essay

Environmental Impacts of Renewable Energy Technologies

...? Environmental Impacts of Renewable Energy Technologies Table of Contents Table of Figures Figure 3 Figure 25 Abstract This paper examines the environmental impacts of renewable energy sources, which have been largely ignored retrospectively since the new energy was seen as a panacea to the problems occasioned by fossil fuels. Renewable sources are discussed with emphasis on their potential impacts on the environment: Solar power can result in land wastage and release of hazardous material used for cleaning the semiconductors. Hydroelectric power on the other hand can also result in land wastage and the dams often result in depreciation of water levels and drying up of...
8 Pages(2000 words)Essay

Qatar's CO2 Emissions

..., the environment and greenhouse gas emissions, it is understood that controlling and monitoring the carbon and ecological footprint of manmade processes is an indispensable requirement. Qatar is the Highest Country per Capita in CO2 Emissions As already stated, Qatar’s per capita CO2 emissions are the highest in the world. The main reason for Qatar’s high CO2 emissions is its extremely high use of energy (Pearce). Qatar has large industries for the extraction and processing of its fossil fuel reserves (GSDP 104). These industries themselves have high energy consumption. Qatar is the largest producer of liquefied natural gas and exports a huge amount of...
5 Pages(1250 words)Research Paper

Global Perspectives on Innovation and Creativity

...on diversification will enable the research and development department to lay more concentration on the development of new ideas (Mackena, 2012). This will therefore enable the company to be able to be up to date with the changing trend in the market in terms of technology and competition. This paper therefore lays out a frame work to the managers who have the intention of adopting the centralised organization (Saunders, 2007). Advantages of adapting the centralised system The centralised form of organization comes with its advantages to the organization, these advantages include. Centralised firms generate innovations that are significantly different along several dimensions from those generated by...
9 Pages(2250 words)Essay

Global Perspectives on Innovation and Creativity

...). This way they two companies get to share ideas and new innovative ways the merge will help the two companies involved (Mateo 2004).There is need for supplementary knowledge of the river guide (MacLaughlin 2014). A good example of this project of acquisition is the one around the years 2008 and 2012 in which Rambus, the $300 million worth technology development firm has been diversifying its business techniques by merging together security and lighting (Mateo 2004). The firm has made closer to 20 business acquisitions within its past four years, among which five are operating business (Mateo 2004). The success can be attributed to their timely knowledge of the importance of business alignment with the...
8 Pages(2000 words)Essay

GLOBAL PERSPECTIVES ON INNOVATION AND CREATIVITY

.... Firstly, New and Improved products should be introduced to target the high-margin customers to whom old products are not satisfying enough. Secondly, to the customers who can’t afford much, cheap alternatives should be launched of the existing expensive products which can fulfil their requirements without being a burden to their pockets, and lastly, new products should be introduced in order to create new markets and bring fresh consumers. (Christensen et al., 2004) Disruptive innovation refers to mode of expanding and establishing new customer base, by adding services or introducing newer products and technology that may disrupt the existing market linkages. In contrast to disruptive...
9 Pages(2250 words)Essay
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Research Paper on topic Innovation Energy: Futuristic Perspectives on CO2-EOR Technologies for FREE!

Contact Us