Kansas Carbon Dioxide Storage and Secondary Recovery Unit Agreement

• Category: Oil Gas and Minerals - Agreements
• State: Multi-State
• Control #: US-OG-950
• Format: Word; Rich Text

Description

This form is a carbon dioxide storage and secondary recovery unit agreement. The Kansas Carbon Dioxide Storage and Secondary Recovery Unit Agreement refers to a legal contract between parties involved in the storage and recovery of carbon dioxide (CO2) in the state of Kansas. This agreement outlines the terms and conditions related to the process of capturing, transporting, storing, and utilizing CO2 for the purpose of enhanced oil recovery (FOR) within Kansas. Carbon dioxide storage and secondary recovery units are generally categorized into two types: private agreements and state-led initiatives. Private agreements involve partnerships between private companies for the purpose of CO2 storage and subsequent use in FOR operations. On the other hand, state-led initiatives refer to agreements established between government authorities and private entities to facilitate CO2 storage and secondary recovery for both economic and environmental benefits. The primary objective of the Kansas Carbon Dioxide Storage and Secondary Recovery Unit Agreement is to promote the reduction of greenhouse gas emissions by utilizing CO2 instead of releasing it into the atmosphere, thus contributing to climate change mitigation efforts. The agreement typically outlines the following key aspects: 1. Parties involved: The agreement specifies the participating entities, which usually include operators of CO2 emission sources, such as power plants or industrial facilities, and oil companies involved in FOR operations. 2. CO2 capture and transportation: It delineates the obligations and responsibilities of each party regarding the capture, separation, and transportation of the CO2 from the emission source to the designated storage and recovery sites. This may include specifics on the type of transportation method, pipeline infrastructure, and safety measures. 3. CO2 storage sites: The agreement identifies the underground formations or reservoirs where CO2 will be stored. These formations typically consist of depleted oil and gas fields or deep saline formations. The selection of suitable storage sites is important to ensure the safe and permanent containment of CO2. 4. FOR operations: The agreement may include provisions regarding the use of the stored CO2 for enhanced oil recovery purposes. This involves injecting the CO2 into existing oil reservoirs to facilitate the extraction of additional oil that would otherwise be uneconomical to recover. 5. Liability and monitoring: It outlines the liability framework for potential damages resulting from CO2 storage operations and sets up monitoring requirements to ensure compliance with regulatory standards and environmental safety. Monitoring systems help verify that the stored CO2 remains within the designated storage sites and does not pose any risks to groundwater or surface ecosystems. 6. Reporting and reporting: The agreement may require regular reporting on CO2 storage and recovery operations, including data on injected volumes, oil production, emissions reduction achieved, and compliance with environmental regulations. The Kansas Carbon Dioxide Storage and Secondary Recovery Unit Agreement represents a significant step towards sustainable energy practices, as it promotes both the reduction of CO2 emissions and the extraction of additional oil resources through FOR operations. By implementing such agreements, Kansas aims to leverage its geological characteristics and establish itself as a leader in carbon capture, utilization, and storage technology, providing economic benefits while contributing to global efforts in combating climate change.

The Kansas Carbon Dioxide Storage and Secondary Recovery Unit Agreement refers to a legal contract between parties involved in the storage and recovery of carbon dioxide (CO2) in the state of Kansas. This agreement outlines the terms and conditions related to the process of capturing, transporting, storing, and utilizing CO2 for the purpose of enhanced oil recovery (FOR) within Kansas. Carbon dioxide storage and secondary recovery units are generally categorized into two types: private agreements and state-led initiatives. Private agreements involve partnerships between private companies for the purpose of CO2 storage and subsequent use in FOR operations. On the other hand, state-led initiatives refer to agreements established between government authorities and private entities to facilitate CO2 storage and secondary recovery for both economic and environmental benefits. The primary objective of the Kansas Carbon Dioxide Storage and Secondary Recovery Unit Agreement is to promote the reduction of greenhouse gas emissions by utilizing CO2 instead of releasing it into the atmosphere, thus contributing to climate change mitigation efforts. The agreement typically outlines the following key aspects: 1. Parties involved: The agreement specifies the participating entities, which usually include operators of CO2 emission sources, such as power plants or industrial facilities, and oil companies involved in FOR operations. 2. CO2 capture and transportation: It delineates the obligations and responsibilities of each party regarding the capture, separation, and transportation of the CO2 from the emission source to the designated storage and recovery sites. This may include specifics on the type of transportation method, pipeline infrastructure, and safety measures. 3. CO2 storage sites: The agreement identifies the underground formations or reservoirs where CO2 will be stored. These formations typically consist of depleted oil and gas fields or deep saline formations. The selection of suitable storage sites is important to ensure the safe and permanent containment of CO2. 4. FOR operations: The agreement may include provisions regarding the use of the stored CO2 for enhanced oil recovery purposes. This involves injecting the CO2 into existing oil reservoirs to facilitate the extraction of additional oil that would otherwise be uneconomical to recover. 5. Liability and monitoring: It outlines the liability framework for potential damages resulting from CO2 storage operations and sets up monitoring requirements to ensure compliance with regulatory standards and environmental safety. Monitoring systems help verify that the stored CO2 remains within the designated storage sites and does not pose any risks to groundwater or surface ecosystems. 6. Reporting and reporting: The agreement may require regular reporting on CO2 storage and recovery operations, including data on injected volumes, oil production, emissions reduction achieved, and compliance with environmental regulations. The Kansas Carbon Dioxide Storage and Secondary Recovery Unit Agreement represents a significant step towards sustainable energy practices, as it promotes both the reduction of CO2 emissions and the extraction of additional oil resources through FOR operations. By implementing such agreements, Kansas aims to leverage its geological characteristics and establish itself as a leader in carbon capture, utilization, and storage technology, providing economic benefits while contributing to global efforts in combating climate change.