Statoil has let a major carbon dioxide supply and service agreement to Ferus LP of Denver to supply liquid CO 2 to be used in a test well to evaluate potential production uplift and partially replace water in a large multistage hydraulic fracturing operation in a horizontal oil well. In addition to supplying the CO 2 , Ferus will provide transportation, logistics, storage, and onsite supervision. The service agreement also includes the deployment of a membrane technology that separates the CO 2 from the produced gas to reduce flaring. Statoil and other oil companies are working to flaring to comply with a series of targets established by the state of North Dakota. Oil companies also can save money by capturing gas and using it to economically fuel their own operations instead of flaring it. This CO 2 stimulation test is one of several projects under Powering Collaboration –a collaboration […]