Impact Technologies with US$2.1m DOE funding for CO2 injection
CO2 Sequestration model (source: Japex)
Alexander Richter
29 Sep 2010
U.S. based Impact Technologies receives US$2.1m from the Department of Energy for its research on CO2 injection technology in the recovery of unconventional oil and gas plays.
Impact Technologies a company specializing” in geothermal drilling and other subterranean projects will receive $1.2 million in federal funding to help develop carbon dioxide (CO2) injection technology in the recovery of unconventional oil and gas plays, the U.S. Department of Energy announced this week.
Impact Technologies LLC is undertaking a 36-month study of improved mobility control in CO2 enhanced recovery, according to an Energy Department news release. It will be responsible for $300,000 of costs in the $1.5 million project.
The Tulsa-based project is one of 10 selected for its focus on increasing unconventional fossil fuel supply, reducing potential environmental impact and expanding CO2 underground storage options, the Energy Department said. Impact Technologies’ study is among four projects involving “next generation” CO2 use in oil and gas recovery.
Total value of the 10 projects is $9 million in federal funding and $3.2 million in cost-sharing contributions. The U.S. Office of Fossil Energy’s National Energy Technology Laboratory will oversee the research.
The average oil recovery factor for easy-to-produce oil in U.S. fields is estimated at 35 percent, according to the news release. Enhanced methods, including CO2 injection, offers the possibility of 60 percent or higher recovery rates.
Impact Technologies provides drilling solutions, CO2 sequestration and ground source heat pump applications. President Ken Oglesby has more than 30 years of experience in drilling research for companies such as Chevron Corp.
One year ago, the Energy Department awarded Impact a $2.4 million grant to innovate better geothermal drilling technologies. That grant, part of federal stimulus funding, helps the company test its own method of shooting abrasive particles down holes at high velocities instead of using drill bits to crush rock and soil.”
Source: iStockAnalyst
