August 6, 2024

Quantitative Assessment of End-Of-Life Wells and Fields for Carbon Capture and Storage (CCS) Suitability

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Quantitative assessment reveals the suitability of wells and fields for carbon capture in ASEAN, indicating urgent emission strategies needed.

Mitigating CO2 emissions is critical as fossil fuel use continues in ASEAN nations, highlighting a prominent challenge for sustainability.
In Southeast Asia, over 7,000 wells require decommissioning by 2030, which poses expensive challenges with costs reaching up to $100 billion.
Assessment focused on carbon capture and storage (CCS) potential of abandoned wells to address rising atmospheric CO2 while maintaining fossil fuel usage in the region, implying a tight deadline for strategies development. Subsequent years reflect slow growth of renewable energy, making fossil fuels pivotal in the energy mix of ASEAN countries.

Hoskin et al. (2024) studied this question.

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Quantitative assessment reveals the suitability of wells and fields for carbon capture in ASEAN, indicating urgent emission strategies needed.