RE: CCS EOR can replace Fracking in USA17 Feb 2021 18:38
Good evening "definitelynotcluelesstim" sorry for variation of your name but very apt...
I am not one of the many investors alluded to in lochnez's post who believe that Prd have found a new method (with i rights) with co2 eor , a very quick search on internet points out many hundreds of similar endeavours, one of which has an 80(eighty ) mile pipeline supplying co2 .....what i do believe in, is that Prd have exclusivity over Massy Co2 in T&t ....there are vast amounts of wells in T&t and while we are currently only using co2eor on a limited scale , but using a standard towable behind lorry co2 tanker....it does suit the local geography, I have been to Trinidsd numerous times and i honestly wouldn't want to see the island criss crossed with hundreds of miles of co2 pipework, even if it could be built. As i understand it, T&t does not as yet have a carbon capture payment system in place, but who knows in the future.?We have in t&t a proven (derisked) product and a bountiful supply of wells needing our expertise(and co2) to help get their ailing oil industry back on track....so, sorry about the rant, but i do believe in T&t and honestly think that it could springboard from here( is it still 5 local and 2 majors interested ?as no news off Pg on that recently)
Looking forward to next few weeks/months
Gla
Stay safe
Bdt