PCOR Partnership Best Practices Manual for Subsurface Technical Risk Assessment of Geologic CO2 Storage Projects
- Univ. of North Dakota, Grand Forks, ND (United States). Energy and Environmental Research Center; Univ. of North Dakota, Grand Forks, ND (United States). Energy & Environmental Research Center
- Univ. of North Dakota, Grand Forks, ND (United States). Energy and Environmental Research Center
In 2003, the U.S. Department of Energy established the Regional Carbon Sequestration Partnerships (RCSP) Initiative to help develop technology, infrastructure, and regulations needed to facilitate large-scale carbon dioxide (CO2) geologic storage (herein “storage”) and support deployment of commercial carbon capture and storage projects. The Plains CO2 Reduction (PCOR) Partnership, led by the Energy & Environmental Research Center (EERC), is one of seven partnerships created by this program. The PCOR Partnership is publishing a series of best practices manuals for each of the four PCOR Partnership-defined primary technical elements of a storage site: site characterization; modeling and simulation; risk assessment; and monitoring, verification, and accounting. This document describes the risk assessment process for evaluating subsurface technical risks associated with a CO2 storage project. This best practices manual identifies the key elements comprising a risk assessment for a CO2 storage complex and defines important risk management terminology and technical factors that are unique to the geologic storage of CO2. It also provides best practices for implementing a risk assessment based on lessons learned from conducting risk assessments for storage complexes within the PCOR Partnership region. Case studies of these real-world examples, which highlight key aspects of applying the risk assessment process to storage projects, are provided to support the proposed best practices. The development of a best practice requires the execution of multiple projects where the knowledge gained and lessons learned are accumulated over time and integrated to yield a best practice. This development progression is an adaptive management process whereby best practices constantly evolve over time in response to knowledge gained and lessons learned. This document encompasses the current body-of-knowledge and best practices for applying a standardized risk assessment approach within risk management for storage projects. Application of these best practices will provide reliable and consistent standards for identifying project-related risks, analyzing the probabilities and potential impacts of these risks, evaluating which risks require treatment, and determining priority for treatment implementation. These best practices will continue to evolve and be refined over time as commercialization of the CO2 storage industry proceeds.
- Research Organization:
- Univ. of North Dakota, Grand Forks, ND (United States). Energy & Environmental Research Center
- Sponsoring Organization:
- USDOE Office of Fossil Energy (FE)
- DOE Contract Number:
- FC26-05NT42592
- OSTI ID:
- 1874439
- Report Number(s):
- DOE-EERC-42592-24; 2017-EERC-10-21
- Country of Publication:
- United States
- Language:
- English
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