Abu Dhabi National Oil Company (Adnoc) is on track to start injecting carbon dioxide (CO2) into some reservoirs in 2016 as part of plans to boost oil production and replace the use of hydrogen gas in the fields, Abu Dhabi’s The National reported on January 21.
Adnoc has set up a joint venture with the green energy firm Masdar for carbon capture, usage and storage projects, which will utilise CO2 emitted from the country’s largest steelmaker, Emirates Steel. Masdar and Adnoc will announce this year the price formula for the CO2.
“We have our set price agreement, but it is not yet public to be announced,” said Arafat Al Yafei, the manager of the CO2 and Nitrogen development department.
The joint venture between Adnoc and Masdar has a budget of Dh450 million and in July it awarded Dodsal Group an engineering, procurement and construction contract to build facilities for the project.
Copyright: The National, 2014