Carbon dioxide enhanced oil recovery (CO2-EOR) is a decades-old, proven commercial practice that involves injecting CO2 into already developed oil fields to coax additional production. Increasing the supply of CO2 captured from power plants and industrial sources for use in CO2-EOR has the potential to increase American oil production by tens of billions of barrels, while safely storing billions of tons of CO2 underground. The event will focus on CO2-EOR’s benefits for domestic energy production, the economy, and the environment.
The National Enhanced Oil Recovery Initiative (NEORI) brings together industry, labor and environmental advocates, and state officials to foster increased domestic oil production through the capture, use and storage of CO2 from power plants and industrial facilities. NEORI is convened by the Center for Energy and Climate Solutions (C2ES) and Great Plains Institute (GPI).