Ecological, economic and social issues of implementing carbon dioxide sequestration technologies in the oil and gas industry in Russia

Abstract

The objective of this paper is to define the main approaches to the implementation of carbon dioxide sequestration technologies in the oil and gas industry in Russia, and also to identify ecological, economic and social issues of their usage. Promotion of the technology of carbon dioxide (CO2) sequestration by means of capturing and injecting it into underground reservoirs is a promising mechanism of reducing carbon dioxide concentration. Carbon capture and storage (CCS) technologies might be used to enhance oil recovery (EOR-CO2) and production by means of oil extraction and decreasing oil viscosity. Conceptual view of the potential of EOR-CO2 technologies within the context of oil and gas industry sustainable development are presented. Incentives of the CCS projects implementation are identified. On the basis of the conducted research a number of scientific research and practical areas of the CCS technology development are presented.