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Bello, Kolawole

Publications and source records attributed to Bello, Kolawole.

At least 19 records
All sourcesNASA NTRSDOE OSTI
DOE OSTI2024

Carbon storage cost modeling for the offshore Gulf of Mexico

Groundbreaking for geologic carbon storage (GCS) projects in the offshore Gulf of Mexico is imminent, and there is great interest in utilizing this region for GCS projects. Offshore saline reservoirs provide a significant and accessible resource for GCS. However, conducting GCS in the offshore environment will pose distinct challenges pertaining to site selection, operations, infrastructure use, and monitoring compared to operating onshore that ultimately affect technoeconomic assessment of offshore GCS projects. Carbon storage and transport costs are critical to project developers looking to deploy carbon storage in the offshore environment. We present CO2_S_COM_Offshore, a model developed by the National Energy Technology Laboratory (NETL) as a screening-level offshore saline GCS cost modeling tool. Based on NETL’s widely used CO2_S_COM cost model for onshore saline CS, CO2_S_COM_Offshore enables technoeconomic analysis of GCS in offshore areas. This model comprehensively incorporates multiple facets of offshore GCS projects, from regional evaluation and site selection to permitting, transport, operations, monitoring, site closure, and decommissioning. In general, the model can explore the cost implications for potential offshore GCS project(s) by enabling the user to change several project operational and financial attribute configurations. Key inputs include offshore storage formation options, CO2 injection rate and duration, infrastructure types, monitoring intensity, project financing, and post-injection site care duration. Supporting cost algorithms within CO2_S_COM_Offshore were compiled utilizing S&P Global’ s QUE$TORTM cost estimation software alongside a variety of open-source scientific literature. In addition to reviewing key model components, we discuss several sensitivity analyses, input variabilities, and results on analysis of break-even CO2 price required by a project based on different regulation/policy and operational scenarios for the offshore Gulf of Mexico. These results indicate the value of modeling offshore GCS specifically, and the potential of offshore GCS within a decarbonization value chain. Presented at the 41st USAEE/IAEE North American Conference, 3-6 November 2024, Baton Rouge, LA, United States.

Mark-Moser, Mackenzie K.↗
DOE OSTI2024

SMART Task 6: Evaluation of the Costs of Geologic CO2 Storage for the Illinois Basin Decatur Project Site Using the NRAP/SMART Technoeconomic and Liability Evaluation for Storage (TALES) Model

This is a presentation featuring an analysis related to SMART Task 6 in which CO2 storage costs are presented. The National Energy Technology Laboratory has developed the NRAP/SMART Technoeconomic and Liability Evaluation for Storage (TALES) model to provide quantitative cost-based insights to support developers planning CO2 injection and storage projects. TALES calculates the revenues, costs, and financial performance of candidate CO2 saline storage project based on site-specific activity costs and financial parameters. TALES is being integrated as a module pertaining to storage cost as part of the broader SMART Visualization and Decision Support Platform (SVDSP). In this study, the TALES model was applied using real activity cost data associated with the development and operations at the Illinois Basin Decatur Project (IBDP) CO2 storage project site. Scenario analysis was implemented in which crucial operational and cost attributes were varied and the associated cost implications observed. Key results data and project cost summary metrics like first-year breakeven price of CO2 ($/tonne) and net present value (NPV) are presented in similar fashion to how they will appear in the SVDSP.

Vikara, Derek↗
DOE OSTI2024

NRAP Task 5: Preliminary Evaluation of the Cost of Responding to a Hypothetical Leakage Scenario Using the NRAP/SMART TALES Model and other NRAP Tools

Poster presentation illustrating the use of tools developed as part of Task 5 of Phase 3 of NRAP to estimate the technical performance and costs of implementing remedial responses to address a leak of fluid out of the storage formation at a CO2 saline storage project. Presented at the 2024 FECM - NETL Carbon Management Research Project Review Meeting, 5-9 August, 2024, Pittsburgh, PA.

Morgan, David↗
DOE OSTI2024

Modeling Cost of Offshore Carbon Storage in Saline Reservoirs

Poster presentation to the AAPG-SEG-SPE CCUS 2024 Conference. Offshore saline reservoirs provide a significant and accessible resource for geologic carbon storage (CS). The offshore environment requires distinct approaches to site selection, operations, monitoring, and risk that affect the technoeconomic assessment of offshore CS projects. The National Energy Technology Laboratory (NETL) has developed a CS cost model for offshore saline reservoirs known as CO2_S_COM_Offshore. Based on NETL’s widely used CO2_S_COM cost model for onshore saline CS, CO2_S_COM_Offshore enables technoeconomic analysis of CS in offshore areas. This model comprehensively incorporates multiple facets of offshore CS projects, from regional evaluation and site selection to permitting, transport, operations, monitoring, site closure, and decommissioning. Developed to model cost for offshore United States (US) Exclusive Economic Zones, aspects of this model can be adapted to international projects. Presented at the SPE/AAPG/SEG Carbon Capture Utilization and Storage Conference in Houston, TX, March 11-13, 2024.

Mark-Moser, Mackenzie K.↗
DOE OSTI2023

Techno-Economic Models are Instrumental in Analyzing Decarbonization Strategies

This presentations provides a high-level overview of the NETL-developed techno-economic models associated with the CO2 transport and CO2 storage components of the carbon capture and storage (CCS)/carbon capture, utilization, and storage (CCUS) value chain. It also discusses the models’ capabilities through the discussion of select modeling applications (both internal and external) and highlights current model modifications and future work. It was presented at the CCUS 2023 conference, organized and presented by the Society of Petroleum Engineers (SPE), American Association of Petroleum Geologists (AAPG), and Society of Exploration Geophysicists (SEG) and held in Houston, Texas, April 25-27, 2023.

Guinan, Allison↗
DOE OSTI2023

Evaluation of the economic implications of varied pressure drawdown strategies generated using a real-time, rapid predictive, multi-fidelity model for unconventional oil and gas wells

Experience has suggested that pressure maintenance in hydraulically fractured reservoirs via lower, more sustained production drawdowns may offer improved cumulative recovery and overall resource extraction efficiency compared to more rapid drawdown approaches aimed at generating high initial production. However, given the inherent variability of oil and natural gas markets, operators pursue production strategies that maximize profitability over resource extraction efficiency. This study focuses on evaluating the implications of contrasting pressure drawdown strategies on the long-term production and resulting economics for a real, producing unconventional gas well in the Marcellus Shale of the Appalachian Basin using a techno-economic analysis approach. Our research combines elements of well-specific horizontal well design, production forecasting, equipment sizing and capital cost estimation, operating cost estimation, and revenue and tax calculations. Gas production forecast outlook scenarios were generated under varying pressure drawdowns using two approaches: 1) a novel physics-informed machine learning workflow and 2) traditional reservoir simulation. A discounted cash flow model was used to evaluate the resulting economic implications for each drawdown scenario—generating output for exploring the coupled effect of factors like the timing and volume of gas production, prevailing economic and market conditions for natural gas, and overall estimated ultimate recovery on profitability metrics such as internal rate of return and net present value. Results show that there is potential to maximize the cumulative gas produced in the specific case study well by employing a lower pressure drawdown. Conversely, the greatest profitability is achieved using rapid drawdown as signified by a small, specific subset of our outlook scenarios. On an averaging basis, we find that the combinations of highest cumulative producing and most profitable scenarios occur under lower drawdowns with long (>40 years) producing timeframes, but require higher relative gas price and lower discounting considerations. Further, the machine learning predictive outlooking capability proved effective for enabling rapid generation of a multitude of scenario forecasts. As a result, a variety of prominent example cases could be generated to strike the balance of greater productivity and economic return given their associated producing features and economic conditions when compared to similar producing scenarios—critical insight that offers improved decision support for unconventional oil and gas operations.

42 ENGINEERING↗
DOE OSTI2023

Evaluating Production Implications of Pressure Maintenance in Unconventional Oil and Gas Wells using a Machine Learning Modeling Approach: Case Study in the Permian Basin

This study implements the proprietary machine learning-based model (model) developed under the 2022 study titled “Evaluating the Impact of Proprietary Oil & Gas Data on Machine Learning Model Performance Using a Quasi-Experimental Analytical Approach” for forecasting unconventional oil and gas production using well data from the Permian Basin. The model, developed using an exclusive dataset that includes time series production data from an operator in the Permian Basin, is designed to jointly predict daily oil, gas, and water production for horizontal wells as a function of bottomhole pressure drawdown, spatial placement across the study domain, and well-completion attributes. In this study, the model was explicitly applied to explore its utility to evaluate the impact of varying drawdown strategies on the production forecast of a well in the Permian Basin dataset. Managing pressure drawdown has been identified as a way to improve estimated ultimate recovery (EUR) from unconventional shale wells due to the stress-dependent nature of fractures in shale reservoirs. Research has shown that applying a lower pressure drawdown helps to maintain the reservoir conductivity, resulting in higher productivity over the life of a well. Historic bottomhole pressure data from the well over time was used as a benchmark from which to set more and less aggressive pressure decline rates as bounding modeling cases. All pressure decline rates/strategies were forecasted over 5 years, and the model was used to generate oil, water, and gas prediction over the same timeframe. This report presents the results from the production forecast and discusses potential operational and economic implications, with contrasting perspectives between well productivity and profitability given typical oil and gas economics and the volatility in the oil and gas market.

02 PETROLEUM↗
DOE OSTI2022

FECM/NETL Unconventional Shale Well Economic Model (UShWEM): Production Data for UShWEM

The Production Data for UShWEM.xlsx is an Excel file that is formatted and organized similarly to the Production Streams sheet of the FECM/NETL Unconventional Shale Well Economic Model (UShWEM). The purpose of this file is to allow the user to import completion design and time-series production data for hundreds of wells into the UShWEM easily and quickly, and have their well data saved safely in an external location. For instructions on how to use the Production Data for UShWEM.xlsx file, see section 2.3 of the FECM/NETL Unconventional Shale Well Economic Model: User’s Manual.

Sheriff, Alana↗
DOE OSTI2022

FECM/NETL Unconventional Shale Well Economic Model (UShWEM)

FECM/NETL Unconventional Shale Well Economic Model (UShWEM) is an Excel-based model that evaluates the economics of an unconventional shale well on a per-well and per-pad basis. The model calculates the net cash flow, internal rate of return (IRR), net present value (NPV), earnings before interest, taxes, depreciation, and amortization (EBITDA), payout month and year, and breakeven price (for either oil- or gas-wells). The model can be used to estimate the economics of a well or pad over its lifetime (development through site reclamation) based on (1) the capital and operating costs associated with well/pad development and operations, (2) the revenue associated with oil, gas, and condensate production streams, and (3) accounting for relevant tax policies and asset depreciation applicable for oil and gas operations. The main input for the model is the completion design and production data. Key financial considerations in the model include oil, gas, and condensate market prices, tax-related settings, royalty rates, the discount rate, minimum economic hurdle (IRR) [if performing break-even analysis], and project contingency. The financial consideration can be adjusted to reflect the level of granularity the user requires as input when calculating the economics for a well or pad development. In addition, the model affords users the option to provide their user inputs for all cost categories considered. As a result, the model can be used to generate a multitude of scenario cases for sensitivity analysis of the various financial considerations, as well as production and cost profiles. To make this seamless, the model has the capability for key economic outputs to be exported in large batches through macros-enabled functions on its “Model Output Summary” and “Multi-Well Cost Analysis. The spreadsheet model includes macros and user-defined functions, so the user must enable Excel’s macro capability for the model to function correctly.

Sheriff, Alana↗
DOE OSTI2022

Exploratory Analysis of Offshore CO 2 Storage Pilot Project in the Gulf of Mexico: Geologic, Infrastructure, and Cost Considerations

This analysis employs a high-level exploratory analytical approach to quantify various considerations needed for a potential CCS pilot project in the GOM, most notably the cost magnitude to develop an offshore pilot project. The scope of this analysis focuses on CO 2 storage in saline formations presented in two specific scenarios: parts of GOM Outer Continental Shelf (OCS) federal waters and Texas state waters.

29 ENERGY PLANNING, POLICY, AND ECONOMY↗
DOE OSTI2022

FECM/NETL Unconventional Shale Well Economic Model (UShWEM): Description and User’s Manual

FECM/NETL Unconventional Shale Well Economic Model (UShWEM) is an Excel-based model that evaluates the economics of an unconventional shale well on a per-well and per-pad basis. This document serves as the user’s manual for the model with descriptions of the procedures the user must follow to run the model. This document also describes the capabilities of the model and provides the equations that are used by the model to calculate technical quantities and key model outputs including net cash flow, internal rate of return (IRR), net present value (NPV), earnings before interest, taxes, depreciation, and amortization (EBITDA), payout month and year, and breakeven price (for either oil- or gas-wells).

Sheriff, Alana↗
DOE OSTI2022

Application of Dimensionality Reduction in Machine Learning Modeling of CO2 Storage

In this study, we developed deep learning models that are capable of predicting spatio-temporal outputs of CO2 saturation, pressure, and brine production in a 3D saline storage reservoir over 30 years of continuous CO2 injection and a 50-year post-injection timeframe. To improve computational efficiency and maintain performance accuracy, the model framework involves ensembling multi-layer autoencoder networks that provide dimensionality reduction of geologic inputs with fully connected long short-term memory (LSTM) neural networks that generate time-series prediction. This study was presented as poster at the 2022 Carbon Management Project Review Meeting held in Pittsburgh, PA (August 15 – 19, 2022).

Bello, Kolawole↗
DOE OSTI2022

Site Selection and Cost Estimation of Pilot-Scale CO2 Saline Storage Study in the Gulf of Mexico

Presentation at NETL Carbon Management Project Review Meeting held in Pittsburgh, Pennsylvania, August 15–19, 2022. The presentation provides a high-level overview of initial conceptual analysis evaluating site selection, geologic assessment, infrastructure, and project cost considerations associated with the development of pilot-scale CO2 storage projects in the offshore Gulf of Mexico.

Wijaya, Nur↗
DOE OSTI2022

Evaluating the Impact of Proprietary Oil & Gas Data on Machine Learning Model Performance Using a Quasi-Experimental Analytical Approach

This study implements a data-intensive supervised ML approach through a quasi-experimental framework with the objective of quantifying the impact of oil and gas operator-specific proprietary data on ML-based predictive model performance relative to using oil and gas datasets that may be more commonly publicly available. The models are designed to jointly predict daily oil, gas, and water production for horizontal wells as a function of bottom-hole pressure drawdown, spatial placement across the study domain, and well completion attributes. Model performance is quantified on holdout test data to evaluate how each dataset affects resulting model variant performance.

02 PETROLEUM↗