What is your strategy to manage the long-term uncertainties associated with a CCS project? How will you quantify the magnitude and timing of financial risk over the project lifetime?
CarbonSureRA software empowers decision-makers by providing deep insights into financial risks associated with Carbon Capture and Storage (CCS) projects, including timing and impact of adverse events and peak risk across a project’s lifecycle.
Here’s how:
- Estimate impact of adverse events: Customizable CCS risk registers are used to estimate the nature and impact of potential adverse events, e.g. induced seismicity, wellbore leakage and plume / pressure migration.
- Quantitative risk assessment: Assign Chance of Occurrence and Cost Impact of these adverse events to project the timing of Peak Risk and scale of Monetary Impact Costs, enabling a roadmap to mitigate potential financial losses.
- Simulate project risk: The Monte Carlo engine simulates and aggregates the chance and financial impact of risks, generating clear output charts and tables to illuminate low probability / high impact events and support decision-making.
- Assess commercial success: Evaluate key SRMS risk indicators (Pg, Pd, Pc) to calculate your project’s chance of success, from initial studies to long-term viability and overall commercial chance of success.
- Comprehensive reporting: Get detailed estimates of risk frequency and impact, for more accurate forecasting, and to support informed decision making. Helping you communicate future risks to management and regulators, to enable implementation of monitoring systems, mitigation strategies for adverse events and financial losses.
CarbonSureRA helps reduce uncertainty and drive better outcomes in CCS projects. Understand potential risk issues to better implement MMV programs and document required performance bonds. By quantifying financial risks over the long term, CarbonSureRA helps you minimize uncertainty, improve project outcomes, and make better-informed decisions in the CCS industry.
Ready to future-proof your CCS strategy? Head over here to read about CarbonSureRA.
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