Feels like 22
North West Redwater Partnership will supply its CO2 as a feedstock to an independent company specializing in enhanced oil recovery (EOR). This feedstock is necessary to unlock the additional light oil trapped in nearly depleted reservoirs throughout Alberta.
Injecting pure CO2 into Alberta’s reservoirs could recover nearly a billion barrels of light oil that would have otherwise gone untouched, while at the same time safely and permanently storing CO2.
While traditionally the CO2 emissions are contaminated and difficult to sequester, the proven gasification technology produces high purity CO2 that is ideal for EOR. Ironically, Alberta does not have a large enough supply of the high purity CO2 required for economical EOR. This puts the NWR project at the forefront of becoming a catalyst for the EOR industry in Alberta. This first step will lead to the development of critical infrastructure that will allow others to manage CO2 more effectively.
NWR has an agreement in place to supply its CO2 to an independent third party company which is building the province’s first CO2 gathering and distribution pipeline.
Video courtesy of Enhance Energy Inc.