5 Benefits of Carbon Capture and Sequestration

Short for carbon capture and sequestration, CSS is a process of determining and curbing the amount of carbon dioxide produced during an industrial process. It’s a critical performance and sustainability KPI used in the oil and gas industry. Carbon capture and sequestration also play a vital role in calculating the amount of carbon emitted from long-term oil and gas storage facilities.

It helps well lifecycle and drilling contractors understand the impact of emissions on the environment and how to reduce harmful greenhouse gases. CSS is now also a part of geothermal well reporting and maintenance. Let’s dig deeper and learn the impact of CSS on the oil and gas industry and look at some credible statistics that support the use of this technology in the O&G sector.

1. Cutting Down the Emissions

The modern-day oil and gas industry is facing a major environmental challenge. As one of the biggest carbon and methane producers, this industry is focused on implementing technologies that can help reduce emissions.

Thanks to carbon capture and sequestration, you can effectively reduce 14% of the total drilling site and oil production site emissions by 2050. The International Energy Agency also suggests that CSS can be very helpful in reducing the global temperature by 2 degrees in the next couple of decades. This could be one of the biggest environmentally-positive effects of CSS, allowing companies to explore more energy reserves without harming the ecosystem.

2. Aligning Daily Drilling and Well Performance with Energy Regulations

Every country has a dedicated regulatory body that assesses, implements, and tracks greenhouse gas emissions produced by the oil and gas industry. For example, the Emissions Trading Systems is the biggest and most prominent regulatory body in the UK focused on reducing carbon emissions. These regulatory bodies have become strong supporters of CSS technologies.

That’s why carbon capture and sequestration can help you maximize regulatory compliance while making your operations more efficient and lucrative. For improved results, we recommend you invest in RIMBase—an all-in-one oil, gas, and geothermal well reporting software tool. It also offers cutting-edge analytics to track and analyze carbon capture operations.

3. Capturing Waste for Energy Efficiency

The oil and gas industry uses a large amount of energy per drilling operation. But what if we tell you that there’s a way of actually producing energy during drilling operations? According to the Department of Energy in the US, carbon capture and sequestration-like technologies can improve the energy-friendliness of oil and gas rigs, refining, and production facilities.

They can be used for producing extra energy to power nearby buildings or to generate additional revenue.

4. Job Creations and Cost Minimization

Carbon capture and sequestration technologies are also helpful in improving the job market in the global oil and gas sector. It increases the demand for skilled well operators and drilling contractors who can assess, track, and analyze data associated with CSS.

The ILO says that implementing CSS technologies and advanced software systems for geothermal and O&G operations can increase job opportunities in the project management, engineering, and well operation areas.

In addition, technologies like carbon capture and sequestration to curb carbon emissions and reuse carbon dioxide gases can result in enhanced oil recovery streams. Such projects can cut down oil prices by half per barrel and can help governments overcome critical economic challenges. Improve your oil, gas, or geothermal wells’ upstream operations with RIMBase today. Our information system tool for well operators can help you establish baseline metrics for DDR. You can also opt for our IADC daily drill reporting software known as RIMDrill for improved daily performance.

5. Easier Long-Term Storage

Carbon capture and sequestration is the ultimate solution for storing carbon-related gases for longer periods without releasing any harmful substances into the air. It can promote underground carbon storage units that can hold 100 times more amount of gas than our traditional storage sites. All in all, CSS can revolutionize the way geothermal and well operators track well operations, improve well lifecycles, and optimize resource utilization.

How Can We Help You Optimize and Improve Your Oil and Gas Company’s Performance?

. Check out Infostat Systems, Inc.’s information solutions for drilling contractors, well-operating companies, and information solutions for geothermal operator. Our tech tools are designed to help you drive cutting-edge analytics.

You can also access our free support and training tools or get in touch with us for a detailed consultation. We’re focused on delivering extended value and end-to-end client support to improve your experience.

Schedule a RIMBase or a RIMDrill demo today!