CO2 Sequestration Cost Model
Long-term storage of carbon dioxide (CO2) via injection into deep geologic formations is called CO2 Sequestration. This technology could offer a promising pathway and contribute in decreasing the greenhouse gas emissions. One of the potential candidates for CO2 sequestration is depleted abundant unconventional Shale gas reservoirs.
Economic viability of such projects was extensively studied in the Ph.D. dissertation and published paper by the author. One of the products of this research is a highly detailed stochastic techno-economic Monte Carlo model with an integrated Surrogate Reservoir Model (SRM). SRM essentially represents an off-line expert system that estimates reservoir performance variables based on input specifications provided by the user. This gives application the capability of quickly evaluating a wide range of complex scenarios. The average run time is less than a minute on an average computer.
The graphical user interface (GUI) enables user to conveniently modify majority of the input parameters (up to 400 variables) and run the model for desired scenarios. Input variables include economic, pipeline, well, subsurface, and monitoring.
Detailed information about the model and results can be found in the publication section.
This model is developed in GoldSim environment, a dynamic probabilistic simulation software.
Model has to be launched through Goldsim 10.5 (or later versions). To access and run the model without purchasing the GoldSim license, users can install the Goldsim Player 10.5 and open the model with the Player.
- Download and install Goldsim Player 10.5
- Download the CO2 Sequestration Cost Model
- Open and run the model in the GoldSim environment