PETROBRAS' EXPERIENCE ON CCUS
Jaime Naveiro / Head of Energy Transition and Sustainability R&D&I at Petrobras Technology Centre
INTERNA
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CAUTIONARY
STATEMENT
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We present certain data in this presentation, such as oil and gas resources and reserves, that are not prepared in accordance with the United
States Securities and Exchange Commission (SEC) guidelines under Subpart 1200 to Regulation S-K, and are not disclosed in documents filed with the SEC, because such resources and reserves do not qualify as proved, probable or possible reserves under Rule 4-10(a) of Regulation S-X.
CCUS - A KEY PATH TO DECARBONIZATION
CCUS is a must-have solution to achieve net-zero goals
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CCUS INVESTMENT RECORD IN 2023
A 95% increase in 2023, yet a 46-fold jump is still projected to be necessary
CCS investment
exceeded $11 billion in
record year
Global new | +95% | ||
investment | |||
12 | in CCS: | from 2022 | |
10 | |||
8 | |||
$ billion | 6 | 11,1 | |
4 | |||
2 | 5,7 | ||
0 | |||
2022 | 2023 |
To reach Net Zero Scenario (NZS), CCS is projected to experience the most significant growth, with investment increasing by 45 times from current levels.
Source: BloombergNEF. Future values are obtained from the New Energy Outlook 2022, except electrified transport, which is from the Electric Vehicle Outlook 2023 Net Zero Scenario.
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PRE-SALT: PIONEER AND LARGEST CCUS PROJECT IN THE WORLD Reducing emissions and increasing reservoir's recovery
Operation of
the world's
largest
CCUS project
- 13 million tons of reinjected CO2 in 2023
- > 25% of the world's CO2 injection*
- 23 FPSOs with CCUS technology + 7 new FPSOs until 2025
ACCUMULATED CO2 REINJECTION (Million ton CO2)
80
From 2023 to 2025: | |
expectation to double the | 53,8 |
amount of injected CO2 | |
40,8 |
2008 - | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2025 |
2015 |
* According to the Global CCS Institute, the total stored in CCUS projects in operation worldwide in 2022 was 49 million tCO2 per year. The injection into pre-salt | |
PÚBLICA | reservoirs in 2023 corresponds to more than a quarter of the reported global injection. |
A LONG TECHNOLOGICAL JOURNEY IN ULTRA-DEEP WATERS
Pioneering technologies for CCUS-EOR in Brazil's pre-salt reservoirs
First CO2 Separation from | |||||||||||||||||
Deepest Offshore Well - | First water alternating | HISEPTM, separation and | |||||||||||||||
Associated Natural Gas in | 2,173 m Water Depth | gas management (WAG) | reinjection of CO2-rich | ||||||||||||||
Ultra-deepwater with | Injecting Gas with CO2 | in ultra-deepwaters | associated gas on the | ||||||||||||||
CO2 Re-injection | seabed | ||||||||||||||||
NEW | |||||||||||||||||
2027 + | TECHNOLOGIES | ||||||||||||||||
2008 | |||||||||||||||||
2015 - Distinguished Achievement Awards for Companies, Organizations, and Institutions -
Petrobras pre-salt successful implementation of ultra-deepwater solutions
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DRIVING CCUS BEYOND NET ZERO EMISSIONS New opportunities and business models
DECARBONIZATION STRATEGY | ||||
TODAY | TOMORROW | |||
DECARBONIZATION/NEW BUSINESS MODEL
POSSIBLE FUTURE
The Largest Offshore CCUS
in the World
CO2 reinjected into reservoirs for enhanced oil recovery (EOR)
Oil+gas
CO+ CO2 2
EOR - active
Reservoir
images merely illustrative
Reduction of
GHG emissions
Reuse infrastructure:
CCUS hub (Pilot) focused on abatement of own emissions
OWN
OPERATIONS
CO2
CO2
Depleted
Reservoir or
aquifer
CCUS Hub
POWER | ETHANOL | STEEL AND | |
REFINERY | PRODUCTION | CEMENT | |
PLANT | |||
CO2
CO2 | USE or |
sequestration |
onshore
Depleted
Reservoir or
aquifer
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Several
opportunities to
capture CO2 along the Brazilian coast
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Rio de Janeiro CCS Hub - First of a kind
An opportunity to kick-start Brazil's decarbonization
Rio de Janeiro state
- Home to several industrial clusters
- Existing pipeline network and gas facilities
- Proximity to potential geological storage sites
This R&D project will serve as a testing ground to better understand the behavior of CO2 in deep saline formation. It will involve testing various technical solutions while also contributing to the development of a regulatory framework.
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GOVERNMENT ENABLEMENT AND REGULATORY INCENTIVES CAN SIGNIFICANTLY INFLUENCE CCUS BUSINESS
Regulations regarding carbon market and CCS activity are currently underway in Brazil, with bills awaiting approval.
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PETROBRAS - Petróleo Brasileiro SA published this content on 08 May 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 08 May 2024 14:40:01 UTC.