CCS Modeling With R&A Software Tools
Through several initiatives, R&A has extended several of its software tools to model various aspects of Carbon Capture and Storage (CCS) projects. These tools include: RoseRA–our premier prospect evaluation software, ProjectRA–for modeling production, costs and economic metrics of oil, gas, and CCS projects; and PortfolioRA–for aggregating portfolios of multiple opportunities and comparing their potential deliverables of aggregate chance, resources, costs, and value.
RoseRA
RoseRA focuses on Geological Carbon Storage (GCS, a synonym for CCS) and now supports the modeling of CO2 storage for six different reservoir types.
Multiple reservoir types can be modeled for CCS storage
For each reservoir types, the appropriate parameters are modeled to calculate the CO2 storage yield. When combined with the rock volume, RoseRA calculates the potential range of injected/sequestered CO2. Tornado charts, tabular data outputs for all inputs/outputs, dashboards, and trial-level results are presented to the user to facilitate rapid QC and further interrogation.
ProjectRA
ProjectRA now models the economics associated with carbon storage projects. Probabilistic ranges of sequestered CO2 injection rates and total stored carbon mass can be modeled. Carbon storage credit value is offset against well costs, non-well capex and opex (including monitoring costs) to provide full-cycle project economics and storage potential. Mode possible CO2 leaks and the costs for remedying. Alternate scenarios can evaluate different processing and facility sizes to honor budgetary constraints and maximize returns.
Single trial showing modeled P50 injected mass/volume and injector well count honoring 100K MCF/d CO2 Processing Constraint
Get in touch to see a demo for using ProjectRA to:
- Size your CO2 processing facilities to maximize carbon credits and project value
- Understand the impact on project economics such as carbon storage efficiency and injection well costs
- Compare alternate CCS projects on an EMV basis
- Design appraisal programs to fail early and preserve capital at risk for other projects
PortfolioRA
PortfolioRA can optionally model the potential range of Scope 1, 2 and 3 Emissions Intensity (EI) associated with the portfolio’s commercial oil and gas discoveries. CCS storage mass and chance can be imported into PortfolioRA directly from RoseRA. Model the potential sequestered CCS mass and credits to calculate the NPV of injected carbon for individual prospects and portfolios. Sequestered CO2 offsets O&G CO2 emissions to represent the Net CO2 Emissions for the portfolio.
Use PortfolioRA to compare and rank alternate portfolios of available prospect opportunities based on many criteria including value, emissions, and CCS.
Dashboard Results for a Mixed O&G and CCS Portfolio
Get in touch with us today for a trial copy or a demo to model your portfolio with CO2 Emissions and CCS.
For more information, an internet demonstration or details regarding licensing please contact Phil Conway.