Released on April 2, 2014
The Ministry of the Economy today announced a new funding agreement with the Petroleum Technology Research Centre (PTRC) to support the Saskatchewan CO2 Oilfield Use for Storage and EOR Research Project that will continue Saskatchewan’s world-leading research on the geological storage of carbon dioxide.The $400,000 investment will augment additional funding from the United States Department of Energy, which has recognized Saskatchewan as a world leader in carbon storage research. This funding will address important technical issues associated with carbon dioxide storage, including well bore integrity, predicting carbon dioxide migration underground, and identification of effective monitoring techniques. It will also allow the PTRC to continue their mandate to conduct carbon dioxide enhanced oil recovery research designed to increase oil production in Saskatchewan.
“Our ability to innovate and develop new technology is critical to maintaining the future viability of Saskatchewan’s oil and gas industry,” Energy and Resources Minister Tim McMillan said. “Promotion and development of carbon dioxide enhanced oil recovery methods provides the province with both economic and environmental benefits, and will help us meet our oil and gas related objectives in the Plan for Growth.”
This project will build upon previous work undertaken by the PTRC in the Weyburn-Midale CO2 Monitoring and Storage Project. The joint work with the United States and the PTRC will also address important emerging issues that could potentially constrain future carbon storage activity in Saskatchewan and through out the world.
“Recognition of CO2-EOR as valid geological storage is an important part in the commercial deployment of CCS,” PTRC CEO Ken From said. “The technical guidance provided by this research will make a valuable contribution to industry.”
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For more information, contact:
Deb Young
Economy
Regina
Phone: 306-787-6315
Email: Deb.young@gov.sk.ca