TY - JOUR
T1 - A methodology for monetizing basin-scale leakage risk and stakeholder impacts
AU - Bielicki, Jeffrey M.
AU - Pollak, Melisa F.
AU - Wilson, Elizabeth J.
AU - Fitts, Jeffrey P.
AU - Peters, Catherine Anne
N1 - Funding Information:
We gratefully acknowledge funding from the United States Department of Energy under Grant DE-FE0000749, awarded to Princeton University. This research has been funded by the United States Department of Energy, Office of Fossil Energy, under Grant DE-FE-0000749. Disclaimer: Neither the U.S. government nor any agency thereof, nor any of their employees, makes any warranty, express or implied, or assumes any legal liability or responsibility for the accuracy, completeness or usefulness of any information, apparatus, product, or process disclosed, or represents that its use would not infringe privately owned rights. Reference herein to any specific commercial product, process, or service by trade name, trademark, manufacturer, or otherwise does not necessarily constitute or imply its endorsement, recommendation or favoring by the U.S. governing or any agency thereof. The views and opinions of authors expressed herein do not necessarily state or reflect those of the U.S. government or any agency thereof.
PY - 2013
Y1 - 2013
N2 - Carbon dioxide (CO2) capture and storage involves injecting CO2 into permeable geologic reservoirs. Candidate reservoirs will be overlain by an impervious caprock, but CO2 or brine may leak through this caprock via natural or manmade pathways into overlying units. Such leakage will incur multiple costs to a variety of stakeholders, as mobile fluids may interact with other subsurface activities, reach groundwater, or possibly escape from the surface. We summarize a methodology to monetize leakage risk throughout a basin, based on simulations of fluid flow, subsurface data, and estimates of costs triggered by leakage. We apply this methodology to two injection locations in the Michigan (U.S.A.) Sedimentary Basin, and show that leakage risk is site-specific and may change priorities for selecting CO 2 storage sites, depending on its siting relative to leakage pathways and other subsurface activities.
AB - Carbon dioxide (CO2) capture and storage involves injecting CO2 into permeable geologic reservoirs. Candidate reservoirs will be overlain by an impervious caprock, but CO2 or brine may leak through this caprock via natural or manmade pathways into overlying units. Such leakage will incur multiple costs to a variety of stakeholders, as mobile fluids may interact with other subsurface activities, reach groundwater, or possibly escape from the surface. We summarize a methodology to monetize leakage risk throughout a basin, based on simulations of fluid flow, subsurface data, and estimates of costs triggered by leakage. We apply this methodology to two injection locations in the Michigan (U.S.A.) Sedimentary Basin, and show that leakage risk is site-specific and may change priorities for selecting CO 2 storage sites, depending on its siting relative to leakage pathways and other subsurface activities.
KW - CCUS
KW - Carbon dioxide storage
KW - Leakage
KW - Monetization
KW - Probabilisitic risk assessment
KW - Risk
UR - http://www.scopus.com/inward/record.url?scp=84896498013&partnerID=8YFLogxK
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U2 - 10.1016/j.egypro.2013.06.375
DO - 10.1016/j.egypro.2013.06.375
M3 - Conference article
AN - SCOPUS:84896498013
SN - 1876-6102
VL - 37
SP - 4665
EP - 4672
JO - Energy Procedia
JF - Energy Procedia
T2 - 11th International Conference on Greenhouse Gas Control Technologies, GHGT 2012
Y2 - 18 November 2012 through 22 November 2012
ER -