Risk Management for CO 2 Storage Projects
Conference poster presented at American Association of Petroleum Geologists (AAPG) Carbon Capture, Utilization, and Storage (CCUS) Conference, Houston, Texas, April 25–27, 2023. There is no one-size-fits-all risk management approach for storage projects. Instead, risk management is about having a detailed process in place, adhering to that process throughout the project life cycle, and adapting the process depending on site-specific conditions, applicable regulatory requirements, and any additional requirements imposed by pursuing one or more financial incentive programs. The Plains CO 2 Reduction (PCOR) Partnership Initiative experience has demonstrated the value of managing risk analysis in concert with storage project regulatory permit requirements, which drive the geologic exhibits and site characterization needs for the permit and the risk analysis.