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PESA SA/NT October Technical Luncheon The CO2 Storage Resources Management System
Thursday, 26 October, 2023 @ 12:00 pm - 2:30 pm (Australia/Perth time)
$25.00 – $75.00
Guest Speaker(s): John Kaldi- Paul Lyford
John Kaldi is an Emeritus Professor at the University of Adelaide. He is the CO2CRC Distinguished Scientist and holds the South Australia State Chair in Carbon Capture & Storage (CCS). John received his bachelor’s and master’s degrees in geology from Queens College, City University of New York, and a PhD in Geology from Cambridge University in the UK. His career includes 18 years in the Petroleum Industry in both technical and managerial roles with Shell, ARCO & VICO. John has served as Distinguished Lecturer for various professional organisations, including the American Association of Petroleum Geoscientists (AAPG), the Indonesian Petroleum Association (IPA), the Petroleum Exploration Association of Australia (PESA), and twice for the Society of Petroleum Engineers (SPE). He has served as AAPG’s International Regions Vice President (2013 – 2015) and as AAPG Chair of the House of Delegates (2019 – 2020). Since 2015, he has been the chair of the International Steering Committee of the IEA Greenhouse Gas Division’s Education Program. He has been the author and presenter of over 150 journal articles and technical conference papers.
Paul Lyford is the Reserves & Resources Manager for Santos, the first company and the first to add CO2 Storage resources to the annual reserves report. Paul has over 30 years’ experience and has been involved in many field developments across Australia. He has a background in reservoir engineering with stints in Operations, Planning, Strategy and Commercial. He is a Chartered Engineer and a Fellow of the Institution of Engineers Australia, a Life member of Society of Petroleum Engineers (SPE) and member of Society of Petroleum Evaluation engineers (SPEE). Paul holds honours degree and PhD in Engineering from University of Melbourne and post graduate qualifications in Finance. Paul is currently involved with the SPE SRMS subcommittee charged with update to the SRMS.
The CO2 Storage Resources Management System (SRMS): what it is and how it was applied at Moomba
John Kaldi
Emeritus Professor & CO2CRC Distinguished Scientist
University of Adelaide
Paul Lyford
Reserves & Resources Manager
Santos Limited
Abstract
This talk aims to create awareness of the recently published Guidelines for Applications of the CO2 Storage Resources Management System (SRMS). The SRMS was first published in 2017 and is now sponsored by the world’s foremost industry-focused professional societies, including SPE, AAPG, SEG, SPWLA, EAGE, SPEE and WPC. The Guidelines were released in June 2022 and are available from the SPE bookstore. Although a voluntary system, the intent is that regulators, government departments, and financiers will be able to draw upon the experience of managing petroleum resources to advise on the management of carbon dioxide storage resources.
The SRMS is modelled on the Petroleum Resource Management System (PRMS). This was a deliberate choice aimed at making the development of storage resources clearer by drawing parallels with the well-known and well-understood process of maturing petroleum resources. The need to show that injected CO2 can be contained in a geologic formation is the key difference between exploring for CO2 storage resources and exploring for petroleum accumulations.
According to the SRMS, a CO2 storage resource is defined as the quantity (mass or volume) of CO2 that can be stored in a geologic formation. This storage can be in geologic structures (e.g., an anticline) or in regionally extensive dipping geologic formations. The storage mechanisms are geologic (structural and stratigraphic), residual, solubility, and mineral trapping, and an inherent consideration in any storage resources is that displaced fluids (e.g., brine or hydrocarbons) are managed.
A significant case study from Santos’ Moomba CCS project in the Cooper Basin is provided to demonstrate incorporation of SRMS in storage resource assessments. The Moomba project is the world’s first commercial CCS project to incorporate the SRMS system and to include the CO2 resource in a company’s annual report. As more experience is gained through the development of commercial projects such as Moomba, the SRMS and Guidelines undoubtedly will be updated.
Event Details:
Thursday, October 26th, 2023
Luncheon: 12 pm for a 12:30 pm start
Place: Ayer’s House, 288 North Tce, Adelaide
Includes a 2-course lunch and drinks
Bookings close 1 pm Monday, 23rd August
Any late bookings will incur an additional $20 fee. Strictly no walk-ins.
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