W King, Carey Gürcan Gülen Stuart M Cohen Nuñez-Lopez, Vanessa Description of four scenarios run to bound the cash flow analysis for the modeled system producing oil from ten EOR reservoirs from a given number of electric generating units (EGUs) <p><b>Table 1.</b>  Description of four scenarios run to bound the cash flow analysis for the modeled system producing oil from ten EOR reservoirs from a given number of electric generating units (EGUs). </p> <p><strong>Abstract</strong></p> <p>This letter compares several bounding cases for understanding the economic viability of capturing large quantities of anthropogenic CO<sub>2</sub> from coal-fired power generators within the Electric Reliability Council of Texas electric grid and using it for pure CO<sub>2</sub> enhanced oil recovery (EOR) in the onshore coastal region of Texas along the Gulf of Mexico. All captured CO<sub>2</sub> in excess of that needed for EOR is sequestered in saline formations at the same geographic locations as the oil reservoirs but at a different depth. We analyze the extraction of oil from the same set of ten reservoirs within 20- and five-year time frames to describe how the scale of the carbon dioxide capture, utilization, and storage (CCUS) network changes to meet the rate of CO<sub>2</sub> demand for oil recovery. Our analysis shows that there is a negative system-wide net present value (NPV) for all modeled scenarios. The system comes close to breakeven economics when capturing CO<sub>2</sub> from three coal-fired power plants to produce oil via CO<sub>2</sub>-EOR over 20 years and assuming no CO<sub>2</sub> emissions penalty. The NPV drops when we consider a larger network to produce oil more quickly (21 coal-fired generators with CO<sub>2</sub> capture to produce 80% of the oil within five years). Upon applying a CO<sub>2</sub> emissions penalty of 60$2009/tCO<sub>2</sub> to fossil fuel emissions to ensure that coal-fired power plants with CO<sub>2</sub> capture remain in baseload operation, the system economics drop significantly. We show near profitability for the cash flow of the EOR operations only; however, this situation requires relatively cheap electricity prices during operation.</p> EGU;system economics drop;power plants;oil recovery;cash flow analysis;CO 2;ccus;Electric Reliability Council;npv;CO 2 demand;anthropogenic CO 2;eor;CO 2 emissions penalty;Environmental Science 2013-09-09
    https://iop.figshare.com/articles/dataset/___Description_of_four_scenarios_run_to_bound_the_cash_flow_analysis_for_the_modeled_system_producin/1011607
10.6084/m9.figshare.1011607.v1