Carbon dioxide phase diagram CO2 is solid below 56,4 degrees Celsius. When warming up under low pressure, the solid CO2 will turn into gas whilst under higher pressures (above 5-73 bar depending on the temperature) the solid (frozen) CO2 will turn into a liquid as shown in the chart. More importantly for CCS, however, is …
Compressed Air Energy Storage Current systems exist in Germany and in the US and can reach an efficiency between 42 and 54%. With heat exchangers and more efficient compression facilities and turbines, the industry is aiming for a 70% efficiency around 2025. In order to store significant amounts of energy, a sizable high-pressure storage unit …
Challenges Needless to say, there are no simple, predictable, deterministic answers or solutions to these questions! This can lead to ‘analysis paralysis, where a quest for more detailed information and analysis, in the hope that it will better frame the problem and indicate ‘the answer’, can itself lead to further delay. This is not desirable …
What makes Joint Ventures successful? External research combined with our own experience highlights the key requirements to make Joint Ventures work. We will provide some examples of research in this area. First, it is important that partners are aligned on the strategic objectives of the Joint Venture. Of all the Joint Ventures that fail, 50% …
Managers in oil and gas companies will have to decide on trade-offs dealing with a range of possible discovered volumes and uncertain hydrocarbon types. Variables such as recovery factors, production rates, lifecycle cost assumptions, product pricing and access to markets also play a key role in determining the value of a discovery. Furthermore, agreements need …
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