NRCan provides $6.75 million for CO2 sequestration R&D

The Petroleum Technology Research Centre (PTRC) has received $6.75 million from Natural Resources Canada (NRCan) to support the final phase of an R&D project on the sequestration and monitoring of carbon dioxide (CO2). The project will be conducted at EnCana’s oil recovery site in Weyburn SK and continue work refining CO2 technologies and sequestration methods. It will also be expanded to include information for policy makers to assist in defining regulatory frameworks. The first phase of the project wrapped last year and a subsequent report concluded that geological conditions are favourable for long-term CO2 storage and its use to enhance oil recovery from partially depleted reservoirs. PTRC was established in 1998 as a non-profit R&D corporation supported by NRCan. The Saskatchewan Research Council, the provincial Ministry of Industry and Resources and the Univ of Regina….