SPE Online Education
Oil and Gas in the Era of Decarbonization
Recorded On: 10/10/2019
The new abundance of natural gas resources (from both conventional and unconventional sources) and ever-expanding LNG capabilities provide opportunities for fuel switching from coal to natural gas around the world. As demonstrated by the dramatic decrease in CO2 emissions associated with electrical power generation in the United States, fuel switching from coal to natural gas has the potential to yield immediate, and significant, climate benefits in many countries around the world. The benefits to air quality are equally important in many areas where coal-related air pollution poses a significant threat to human health. In addition, the widespread availability of global gas resources (and natural gas liquids) has the potential to provide critically needed thermal fuels for cooking and heating in the developing world and obviating the dramatic health impacts associated with indoor air pollution. Finally, to limit global warming to 2°C (as agreed to in the Paris Accords) massive amounts of CO2 need to be sequestered in the subsurface by mid-century. Extensive use of depleted oil and gas reservoirs for CO2 storage represents the only reasonable strategy for sequestering sufficient volumes of CO2 to significantly reduce GHG emissions and thus positively limit climate change. The oil and gas industry of the future needs to be in the businesses of producing hydrocarbons and sequestering CO2.
All content contained within this webinar is copyrighted by Dr. Mark D. Zoback and its use and/or reproduction outside the portal requires express permission from Dr. Mark D. Zoback.
Dr. Mark D. Zoback
Dr. Zoback is the Benjamin M. Page Professor of Geophysics at Stanford University, Director of the Stanford Natural Gas Initiative and Co-Director of the Stanford Center for Induced and Triggered Seismicity as well as the Co-Director of the Stanford Center for Carbon Storage. Dr. Zoback conducts research on in situ stress, fault mechanics, and reservoir geomechanics with an emphasis on shale gas, tight gas and tight oil production. He is the author of a textbook entitled Reservoir Geomechanics published by Cambridge University Press in 2007, now in its 15th printing and is the author/co-author of approximately 400 technical papers. His online course in reservoir geomechanics has been completed by approximately 10,000 students from around the world. His newest book, entitled Unconventional Reservoir Geomechanics (written with former PhD student Arjun Kohli), was published by Cambridge University Press in 2019. Dr. Zoback has received a number of awards and honors including election to the U.S. National Academy of Engineering in 2011. He served on the National Academy of Engineering committee investigating the Deepwater Horizon accident and the Secretary of Energy’s committee on shale gas development and environmental protection. He currently serves as the Chair-elect of the SPE Technical Committee on CCUS as well as the SPE Task Force on Climate Change.
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