Technical Risk Assessment for CO2 Storage Sites

Risk Assessment is fundamental to CO2 storage projects and is crucial for the success of a storage project at any stage of the life cycle. Technical risks in a CO2 storage site can be looked at from various domains (Geology, Petrophysics, RE, Geomechanics, Geochemistry,..) and various approaches (qualitative, semi quantitative, and quantitative), depending on requirements, risk levels and where we are in the storage life cycle.

SLB ambitions to be the technical and advisory partner of choice for risk assessment and management in CO2 storage. Our principle for risk assessment is that risks are always the consequence of a non-performance; our Quantitative Risk Assessment methodology assesses deviation from expected performance. Risk Assessment is needed as an input to multiple requirements (operation performance, MMV, cost management, insurance, regulatory compliance, monetization, reporting to partners,  Investors, etc.).

Join me in this webinar where I discuss SLB’s multiple services and product offerings to address such various requirements on risk assessment. I will expand on a few examples of risk assessment related to geological/wellbore leakage, near-wellbore injectivity and induced microseismicity. I will also touch upon our new digital solution that connects qualitative and quantitative risk assessment with monitoring and verification of carbon storage projects, by integrating multiple data sources and thereby increasing cost-effectiveness of MMV programs.