The 2016 Paris climate agreement established goals aimed at keeping the global temperature increase significantly below 2 degrees Celsius in order to mitigate the most severe consequences of climate change. Furthermore, numerous regions have declared their intentions to achieve net-zero emissions by the year 2050.
According to the latest projections by the IEA, to deliver deep emissions reductions and limit global temperature increases to 2°C by 2060, 14% of cumulative emission reductions must be derived from CCUS technologies.
If the world is to meet the targets of the Paris Agreement, CCUS needs to capture at least a fifth of CO2 emitted by the fossil fuel industry by 2050. Currently, this stands at less than 4%.
While CCUS technology implemetation is on rise, CCS does present challenges. What sets it apart from the conventional E&P lifecycle is the requirement to predict and understand the behaviour of the subsurface not only during injection but also for the long term storage of CO2.
Regulatory oversight of these operations poses additional demands on organisations, with increased scrutiny on monitoring and verification of capture, transport and storage methods.
A positive legacy of the hydrocarbons sector towards impactful climate change is the use of its expertise and experience to convert deep, largely empty reservoirs as safe and secure sanctums for CO2.
Transitioning to net-zero on a company scale can be just as intimidating as the bigger national picture. Often, kickstarting a decarbonisation journey can be the toughest step, with challenges including:
Many of our clients are pressing ahead and with the support of AGR are bringing together the skill sets required to deliver CCS (Carbon Capture and Storage) projects and overcome these challenges.
They have chosen AGR because we provide a wide range of expertise across the scientific, technological and operational hurdles they face.
It is a specialist resource that has been built up as part of our business for over 20 years. During this time we have worked with operators and government bodies globally, supporting them in their drive to reduce CO2 emissions through CCS technology.
Our clients look to us as a trusted partner within the disciplines of geoscience, reservoir and drilling, compliance, HSE, facilities and cost engineering.
We offer our clients:
We operate and maintain CCS projects over the long term – from vessel evaluation, subsurface through to full drilling project management and third-party verification, asset repurposing and to ensure CO2 remains underground.
Our clients receive expertise in key stages:
During decades spent working in this field we have supported clients who see CCS a driver of growth, business development and as a means of lowering their carbon footprint. We have worked with operators and government bodies globally, on a range of assignments – from feasibility studies to assessing potential reservoirs, through to drilling, completing and injection tests or CO2 wells.