A new research center planned by the University of Edinburgh in Scotland intends to investigate the potential for type of unconventional oil recovery to help the U.K. tap more of its offshore oil resources, according to Reuters.
A common feature of the U.S. oil industry, the approach is known as enhanced oil recovery and involved pumping captured carbon dioxide into oil to increase the ambient pressure of the well. Ultimately the carbon dioxide will remain trapped in the oil well, helping to remove some of the emissions from burning fossil fuels.
The University of Edinburgh believes that the new oil extraction technique could give access to 190 billion pounds, or around $300 billion, of unconventional oil reserves.
"Our research will provide an independent voice to establish the conditions by which CO2-EOR can be made environmentally, commercially and technically feasible in the North Sea," professor Stuart Haszeldine of the University of Edinburgh, who will head the center, told Reuters.
The New York Times reports that the dropping price of natural gas around the world has led to delays in the development of carbon sequestration projects, even among those that have been approved.
Policies regarding carbon emissions can be found at PennEnergy's Research area.
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