Provide economic analysis including costs associated with

Question

Proposal: Engineering Research Project

Project: Applying Project Management Methodology to Managing Carbon Dioxide Geo-sequestration Program.

Issue statement of Purpose for this research project

The greenhouse gas making the largest contribution to global warming from human activities is carbon dioxide (CO₂). Hence there have been concerted efforts to stabilize the atmospheric CO₂ concentrations. A wide range of energy and carbon management technologies are available to reduce the emission of CO₂ to the atmosphere. Carbon dioxide capture and sequestration (CCS) is one of the available technological options for the reduction of CO₂ emissions from large point sources such as fossil fuel power plants and liquefied natural gas (LNG) processing plants. This project reviews the application of PMBOK technique, one of the project management tool, in the execution of CO₂ sequestration projects.

Background

Over last several years, there has been a consistent issue regarding the rising concentrations of carbon dioxide (CO₂) and other greenhouse emissions created from human activities.These emissions have a far-reaching impact on the global environment.

Additionally, to maintain the contaminants of gasses particularly non-renewable types of energy taken power plants, the carbon dioxide sequestration always reveals to be one of the most possible and appropriate options. The process develops to be able to capture the revealed carbon dioxide, transport it to the sequestrated site and to give it gradually to the geological growth.

Presently, many nations around the world are working towards reducing the emissions of CO₂ into the atmosphere. A broad portfolio of energy and carbon management technologies have been put forward in order to reduce the emission of CO₂ to the atmosphere. Carbon dioxide capture and sequestration (CCS) is one of the available technological options. The CCS involves the capture of CO₂, compression, and transportation of the compressed gas to suitable storage sites, where it is kept permanently. The storage sites may include various deep geological formations such as saline formations, depleted gas fields, oceans and enhanced oil/gas recovery.

Hence, the PMBOK project management method will apply to a CCS project and evaluated for its validity for such projects.

Objective:

• Literature review carbon capture and geosequestration.
• Applyproject management method,PMBOK,to Carbon Dioxide Geo-sequestration project case study project.

Scope

• Review literature on greenhouse gas emissions.
• Review available methodologies available to reduce greenhouse gas emissions, with aparticularfocus on CO₂ emissions.
• Describe the standard execution process for CO₂ sequestration project (using Gorgon field case study).
• Describe the execution process for CO₂ sequestration project using PMBOK project management method.
• Provide economic analysis including costs associated with transport, geological storage, and monitoring.
• Describe themanagement of risk assessment in regards to the carbon dioxide sequestration.
• Describe the participation of stakeholders.

Method

• Literature review
• Use data accessible in public domain
• May need to contact the Chevron Operator for more information
• Interacting with academic supervisor

Expected outcomes & form of outcome

• Describe the current project management method in the execution of CO₂ sequestration projects.
• Identify the suitability of PMBOK project management method in CO₂ sequestration projects
• Lack of publically available literature on carbon dioxide geosequestration.

Attachment:- General_Project_Guidelines.pdf