Virginia Memorandum of Subsurface Underground Carbon Dioxide Storage Lease and Agreement

State:
Multi-State
Control #:
US-OG-1039
Format:
Word; 
Rich Text
Instant download

Description

This form is a memorandum of subsurface underground carbon dioxide storage lease and agreement.

How to fill out Memorandum Of Subsurface Underground Carbon Dioxide Storage Lease And Agreement?

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FAQ

The most well-developed approach to storing CO2 is injecting it underground into naturally occurring, porous rock formations such as former natural gas or oil reservoirs, coal beds that can't be mined, or saline aquifers.

Suitable storage formations can occur in both onshore and offshore settings, and each type of geologic formation presents different opportunities and challenges. Geologic storage is defined as the placement of CO2 into a subsurface formation so that it will remain safely and permanently stored.

Deep geological storage of CO2 is the secure containment of CO2 in carbon capture and storage ( CCS ) systems. This report provides a synthesis and estimation of the containment certainty of CO2 in deep geological storage sites, including leak rates, probabilities and durations.

Geological storage involves injecting CO2 captured from industrial processes into rock formations deep underground, thereby permanently removing it from the atmosphere. an extensive cap rock or barrier at the top of the formation to contain the CO2 permanently.

The term "subsurface storage complex" refers to the geologic storage site that is targeted to safely and permanently store injected CO2 underground. It includes a storage formation with at least one, or usually multiple, regionally continuous sealing formations called caprocks or seals.

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Virginia Memorandum of Subsurface Underground Carbon Dioxide Storage Lease and Agreement