SPD, recently completed a comprehensive review of Quantitative Risk Analysis methodologies of CO2 leaks in CCS and CCUS well developments for a consortium of Japanese Operators.
The study aimed to identify best practices in selecting appropriate analysis techniques to benefit the Japanese industry.
The focus on Carbon Capture and Underground Storage has grown significantly in recent years as a key component of the energy transition, but it also carries risks of unintended CO2 leaks.
Identification and quantification of CO2 leak risks is of fundamental importance to maturing CCS and CCUS projects as well as operating them. Accurately identifying and quantifying these risks is crucial for the advancement and safe operation of CCS and CCUS projects.
The study specifically looked at CO2 leak risk quantification in wells of CCS prospects and developments, comparing various software packages and manual methods for functionality and applicability. Open-source modelling solutions were also considered to assess accuracy and industry application.
As Janko Reinders of SPD summarises: “Risk Quantification is vitally important to CCS project identification, maturation and safe operating. Our increased understanding in how to efficiently and effectively conduct this type of analysis, not only allows the industry to use the right tools for the job but helps to increase the success of the Carbon Capture solution. We are very proud to been given the opportunity to assist our client in understanding this topic better and are delighted with the outcome.”
With in-house expertise, SPD now has carbon leak risk quantification in its solutions portfolio and is confident of future clients in this arena.