Evaluating production optimization strategies for carbon dioxide recovery: insights from a natural carbon dioxide processing plant

Abstract

This article investigates production optimization strategies for carbon dioxide recovery using a natural Carbon dioxide Processing Plant as a case study. The study assesses various optimization techniques including hydraulic fracturing, matrix acidizing, and drilling new wells based on productivity, optimal producing time, financial analysis, risk assessment, and environmental impact assessment. The analysis employs a least summation score ranking method to estimate the most suitable technique. Findings reveal that drilling a new carbon dioxide producing well emerges as the preferred option due to its favorable scores across all criteria, including high productivity, extended optimal producing time, low risk, minimal environmental impact, and positive incremental net present value, signifying its profitability and project viability. The study recommends a five year model verification, improvement and history matching program should be adopted in order to understand reservoir processes taking and detect operational issues together with identifying opportunities to improve reservoir description and data acquisition program.