1 00:00:00,210 --> 00:00:05,550 Hello again, everyone, and welcome to another edition of Oxford Net zero Climate in the Balance. 2 00:00:05,550 --> 00:00:10,230 Our series of conversations running throughout the term here at Hillary at Oxford in 3 00:00:10,230 --> 00:00:15,480 which we talk about getting to net zero emissions in order to end global warming. 4 00:00:15,480 --> 00:00:20,610 This week, we're discussing putting carbon back into geological storage. 5 00:00:20,610 --> 00:00:26,220 You may have noticed that the title for this week was on the website between a rock and a wet place. 6 00:00:26,220 --> 00:00:29,130 One of the best titles we've got for this series so far. 7 00:00:29,130 --> 00:00:37,200 But we realised actually, as we developed this session as a group that we've got plenty of material to work with in terms of rocks and water. 8 00:00:37,200 --> 00:00:40,680 So we've decided to focus on rocks this week, actually. 9 00:00:40,680 --> 00:00:49,800 And Professor Ross Rikabi will cover the wet place, the Ocean, in a special bonus week with colleagues at the end of this net zero series. 10 00:00:49,800 --> 00:00:54,690 So just to give you a heads up, for those of you who've been with us for a long run or just joining us, 11 00:00:54,690 --> 00:00:58,710 we have three more conversations remaining this term. Next week, we've got. 12 00:00:58,710 --> 00:01:04,980 Net zero for local communities and we have the race to zero by cities, businesses and investors. 13 00:01:04,980 --> 00:01:14,940 And then our final bonus extra session on storing carbon in the oceans, which will be on the 22nd of March, all on Mondays at one p.m. U.K. time. 14 00:01:14,940 --> 00:01:21,360 So for those of you who don't know me, I'm Steve Smith, executive director of the Oxford Net Zero Initiative. 15 00:01:21,360 --> 00:01:25,530 And with me today, I'm delighted to discuss CO2 and rocks. 16 00:01:25,530 --> 00:01:35,040 We have Professor Mike Kendal. Professor Joe Cartwright and Dr Tom Cataldie, all from the Department of Earth Sciences here at Oxford. 17 00:01:35,040 --> 00:01:41,430 So Mike Kendal is a professor of geophysics and has applied his interest in seismology, in fact. 18 00:01:41,430 --> 00:01:47,070 I think we have three seismology experts here with us today. But Mike's particular interest, 19 00:01:47,070 --> 00:01:51,180 a very wide covering fundamental science on the workings of the inner earth and 20 00:01:51,180 --> 00:01:56,340 continental movements through to applications in understanding geothermal energy, 21 00:01:56,340 --> 00:02:01,740 fracking and most relevant to this session, subsurface CO2 storage. 22 00:02:01,740 --> 00:02:09,770 He's worked on some of the largest CO2 storage projects across the world and was recently elected a fellow of the Royal Society to. 23 00:02:09,770 --> 00:02:15,120 And Professor Joe Cartwright is Professor of Earth Sciences and uses seismology and 24 00:02:15,120 --> 00:02:19,740 other methods to understand the various processes at work in geological basins, 25 00:02:19,740 --> 00:02:24,390 which, if I understand as a non geologist, depressions in the earth which collect sediments. 26 00:02:24,390 --> 00:02:32,700 Is that is that right? I'm saying not a CEX. Ask it. So these are particularly relevant both in the formation of reservoirs of oil and gas, 27 00:02:32,700 --> 00:02:40,200 but also as potential sites for taking me carbon dioxide that we emit through burning most things, putting it back in the ground. 28 00:02:40,200 --> 00:02:44,370 And Joe has worked for a time previously in oil and gas exploration itself. 29 00:02:44,370 --> 00:02:50,970 So has real understanding and knowledge of how these skills work practically and in a business setting. 30 00:02:50,970 --> 00:02:58,590 And then finally, Ben, certainly not least, Dr Tom Cataldie is a post-doctoral researcher studying injection induced seismicity. 31 00:02:58,590 --> 00:03:02,880 In other words, that the earthquakes, which are generally small but can be large, 32 00:03:02,880 --> 00:03:07,850 that are caused by pumping various things into the ground, including CO2 or other liquids. 33 00:03:07,850 --> 00:03:08,490 And critically, 34 00:03:08,490 --> 00:03:16,590 he is seeking to understand the mechanisms at play that caused the seismicity and how we can better forecast them and perhaps avoid them. 35 00:03:16,590 --> 00:03:22,210 So Tom studied physics at Bristol before gaining his PHC last year in geology at Bristol and then 36 00:03:22,210 --> 00:03:28,650 subsequently joined Oxford and has experienced advising the UK government's oil and Gas Authority, 37 00:03:28,650 --> 00:03:33,150 particularly on the famous or perhaps infamous fracking project near Blackpool may 38 00:03:33,150 --> 00:03:38,180 have heard of to understand what caused the seismicity in that particular case. 39 00:03:38,180 --> 00:03:43,190 So with that line-up in mind and before we get going. We'd love it as usual, 40 00:03:43,190 --> 00:03:51,080 if you could ask your questions and we will do our best to to address those after our three speakers have had a chance to to start the conversation. 41 00:03:51,080 --> 00:03:55,910 So in order to ask a question, you need to be viewing on crowd cast rather than YouTube. 42 00:03:55,910 --> 00:04:02,990 And hopefully they're on track cast. You can see the green. Ask a question or ask a question button at the bottom right of the screen. 43 00:04:02,990 --> 00:04:09,620 And in there, you can type in your question or you can vote up those questions already written that you like the look of. 44 00:04:09,620 --> 00:04:14,540 So without further ado, I think, Mike, let's start with you. 45 00:04:14,540 --> 00:04:19,580 So just to set the scene, we've heard a lot in previous conversations in this series, 46 00:04:19,580 --> 00:04:25,400 putting carbon back into the ground as permanently as possible is likely to play 47 00:04:25,400 --> 00:04:30,130 a really important role in getting us nationally and globally to net zero, 48 00:04:30,130 --> 00:04:38,090 both for dealing with some of the hard to treat emissions at source, particularly things such as a manufacturing of iron, steel and cement, 49 00:04:38,090 --> 00:04:42,560 and maybe a few other sources that are difficult to come up with zero carbon alternatives, 50 00:04:42,560 --> 00:04:49,310 but also for taking some carbon dioxide back out of the air, so-called carbon dioxide removal or negative emissions. 51 00:04:49,310 --> 00:04:53,690 I was just looking at the scenarios by the Intergovernmental Panel on Climate Change 52 00:04:53,690 --> 00:04:58,460 for keeping us globally to around one and a half degrees global temperature rise. 53 00:04:58,460 --> 00:05:04,940 And they predict that carbon capture and storage is going to need to be in the range of hundreds of billions 54 00:05:04,940 --> 00:05:10,070 of tons to maybe even a trillion tons over the course of the 21st century from now to twenty one hundred. 55 00:05:10,070 --> 00:05:15,380 That's 10 to 20 times the level of all global emissions annually at the moment. 56 00:05:15,380 --> 00:05:19,940 So clearly, this is a big issue, something we should be thinking carefully about. 57 00:05:19,940 --> 00:05:30,400 What can you tell us, Mike? OK. Thank you for the introduction, Steve, and it's a pleasure to be speaking as part of this series to you. 58 00:05:30,400 --> 00:05:36,750 We're going to talk a little bit about the returning carbon back to the earth. 59 00:05:36,750 --> 00:05:43,240 As we know, the exchange of carbon between the geologic solid earth, the biosphere, 60 00:05:43,240 --> 00:05:47,410 the hydrosphere, the atmosphere is common in the earth and it's done routinely. 61 00:05:47,410 --> 00:05:55,060 But as we all know, humans have knocked this out of kilter and we need to accelerate the return of carbon back to the earth. 62 00:05:55,060 --> 00:06:00,880 And this can be done through a number of ways. And we're to describe this in this talk. 63 00:06:00,880 --> 00:06:07,790 So I'm going to start things off with the a bit of an introduction and go through sort of the need. 64 00:06:07,790 --> 00:06:16,720 My colleague Joe is going to talk about the successes we've had and how how it can be done in a worldwide sense. 65 00:06:16,720 --> 00:06:22,060 And then finally, my colleague Tom is going to talk about some of the challenges. 66 00:06:22,060 --> 00:06:28,540 These challenges are opportunities. They're surmountable. But they are challenges that we need to be aware of. 67 00:06:28,540 --> 00:06:38,870 Right. Right from the onset. So Steve said this this idea of this need for CO2 capture utilisation and storage or CCD, 68 00:06:38,870 --> 00:06:46,390 US has been around for a while and it's part of any scenario to actually achieve net zero. 69 00:06:46,390 --> 00:06:55,930 And most of you're probably familiar with these mitigation wedges based on this early, early work by Parklawn Sokolow. 70 00:06:55,930 --> 00:06:59,350 And there's a number of different ways of presenting this. 71 00:06:59,350 --> 00:07:10,260 But in this this slide, it's quite simple in that we can reduce CO2 emissions using things like renewables, nuclear, better energy efficiency. 72 00:07:10,260 --> 00:07:15,310 But in any scenario, there is some court, some element of carbon capture and storage. 73 00:07:15,310 --> 00:07:20,620 And so the real take home message is that there is no single silver bullet. 74 00:07:20,620 --> 00:07:30,790 And number of these things have to be operate in concert with each other and says, yes, this is an essential ingredient in it. 75 00:07:30,790 --> 00:07:36,730 And it's a bit of a daunting task. It's a doable task, but we have to be aware of the scale of what we're looking at. 76 00:07:36,730 --> 00:07:45,000 So this slide on the left here, it shows CO2 capture and storage in megatons per year. 77 00:07:45,000 --> 00:07:46,180 And we're on the left here. 78 00:07:46,180 --> 00:07:57,430 And in 2020, get my mouth here really at the beginning of this this operation and the different colours are CO2 capture by industry. 79 00:07:57,430 --> 00:08:06,490 So coal power, bioenergy or Becs, iron and steel, cement, gas, power, chemicals, gas processing, refining, pulp and paper. 80 00:08:06,490 --> 00:08:15,190 So a whole range of of industries that are emitting high emitters of CO2, we need to capture that CO2 and do something with it. 81 00:08:15,190 --> 00:08:20,590 And you can see the scale of what's required to get towards net zero at 2050. 82 00:08:20,590 --> 00:08:31,570 This slide on the right of the left, most infographics shows this broken down by, oh, ECD versus Nano ECD countries. 83 00:08:31,570 --> 00:08:39,010 You can see as we move forward, this has to more and more involve the entire earth, not just the countries. 84 00:08:39,010 --> 00:08:44,560 The graph on the on the right, again, shows the scale of what we're looking at in 2020. 85 00:08:44,560 --> 00:08:49,450 We've captured 40 megatons per year. That's what we're capturing. 86 00:08:49,450 --> 00:08:53,410 And by 2050, we have to be at these tours of magnitude higher. 87 00:08:53,410 --> 00:08:59,830 And the amount of capturing and again, the different symbols and colours here show the wide range of industries. 88 00:08:59,830 --> 00:09:04,920 And one of these. Shown on here is is actually direct air capture and storage. 89 00:09:04,920 --> 00:09:11,590 As as Tim Kruger talked to. This is his seminar a few few weeks ago. 90 00:09:11,590 --> 00:09:15,280 And this just illustrates this again. These are a bit difficult to read. 91 00:09:15,280 --> 00:09:16,750 The small fingers on the left here. 92 00:09:16,750 --> 00:09:25,960 But essentially, these are different types of industry from natural gas processing, fertiliser production, all the way up to cement production. 93 00:09:25,960 --> 00:09:29,890 And you can see back here in the 70s, really, 94 00:09:29,890 --> 00:09:37,000 CO2 capture is being used primarily by the oil and gas industry for processing and even enhanced oil recovery. 95 00:09:37,000 --> 00:09:46,940 And as we move forward from 2020, we have to we have to cover a lot more industries in this than this quest. 96 00:09:46,940 --> 00:09:53,180 So what are we looking at? Really, quite simply. So there's this sort of four stages really. 97 00:09:53,180 --> 00:09:57,920 We have to, first of all, capture the CO2 and that's not really what we're going to talk about so much. 98 00:09:57,920 --> 00:10:08,270 This this can be captured from biomass or fossil fuel powered power stations, industrial facilities, or even directly capture from the air. 99 00:10:08,270 --> 00:10:16,050 Then when you've got that CO2, what do you do with it? Well, it can be used as feedstock in services and other industries. 100 00:10:16,050 --> 00:10:19,730 More we're interested in what are talking about is actually transporting it to a 101 00:10:19,730 --> 00:10:24,770 spot where we're going to sequester it in the subsurface or on the right here. 102 00:10:24,770 --> 00:10:33,020 The transport can be, if we're lucky, it's a short distance, but sometimes we have to pipe the CO2 or ship it or send it by road and rail. 103 00:10:33,020 --> 00:10:39,260 And this challenge is there. And then when we start to sequester or store it and injected underground, 104 00:10:39,260 --> 00:10:45,800 we can put it into a range of areas, salines, formations, depleted oil and gas fields. 105 00:10:45,800 --> 00:10:50,660 The oil industry for some time now is used that CO2 to enhance oil recovery. 106 00:10:50,660 --> 00:11:01,340 So basically to make once you've got an existing oil and gas field to make it more efficient, it can be injected into coal beds to produce methane. 107 00:11:01,340 --> 00:11:05,780 And it also can be injected into other rock formations to react with the rock. 108 00:11:05,780 --> 00:11:14,720 And what we're primarily going to talk about in this today is really these talk to injecting into sideline formations and depleted oil and gas fields. 109 00:11:14,720 --> 00:11:19,400 So here's here's a graphics. This can be done a graphical description of that. 110 00:11:19,400 --> 00:11:26,240 This can be done offshore. So, for example, an offshore rig could be producing natural gas. 111 00:11:26,240 --> 00:11:36,050 That's rich in CO2. The CO2 get extracted from it and then it can get injected back into depleted oilfields or saline aquifers. 112 00:11:36,050 --> 00:11:44,150 Same process can be done on land. And as I said, it can also be injected into shallower coal formations where we don't mind the coal, 113 00:11:44,150 --> 00:11:51,970 but we take the methane out as the coal reacts with the CO2. 114 00:11:51,970 --> 00:11:56,080 Here's an example. This is the world's first commercial CCW project. 115 00:11:56,080 --> 00:12:09,400 It's called Aqua Store and it's based in southern Saskatchewan. In Canada, a the SS Powers Boundary Dam power plant is shown here on the right. 116 00:12:09,400 --> 00:12:13,690 The CO2 it is is captured. It's a coal power plant. 117 00:12:13,690 --> 00:12:16,270 And the CO2 it produces is captured. 118 00:12:16,270 --> 00:12:24,910 And then it's piped along this red line a few kilometres away to a field, a wellhead where it's injected deep into the earth. 119 00:12:24,910 --> 00:12:26,020 And if you look on the left, 120 00:12:26,020 --> 00:12:35,530 you can see the stratigraphy of the formations that the the pass through en route to where the CO2 is finally sequestered. 121 00:12:35,530 --> 00:12:41,770 So it's looking at depths of three kilometres, going through numerous different stratigraphic formations, 122 00:12:41,770 --> 00:12:48,940 saline aquifers, existing oil, gas reservoirs. And these these reservoirs have existed for hundreds and billions of years. 123 00:12:48,940 --> 00:12:57,940 So we expect the CO2 to stay secure in this this very, very deep reservoir where it's injected. 124 00:12:57,940 --> 00:13:08,750 One of the interesting aspects of this and one of the challenges really in CCF is that today there's not been that much CO2, 125 00:13:08,750 --> 00:13:13,240 but it's been very successfully injected, but not the volumes of not being. 126 00:13:13,240 --> 00:13:20,180 But they really wanted and that's because CO2 is such a valuable resource for other other industries. 127 00:13:20,180 --> 00:13:28,840 They gain one of the economic challenges. So how do how do we ensure that the CO2 is trapped in geologic formations? 128 00:13:28,840 --> 00:13:35,170 Well, first of all, it's not we breathe out CO2 and it's very light. 129 00:13:35,170 --> 00:13:41,710 And in a gas form. But we inject it deep in the earth in what's called a supercritical state. 130 00:13:41,710 --> 00:13:50,470 So it's like a liquid and it can flow through that formation, finding gaps, nooks and crannies to store itself. 131 00:13:50,470 --> 00:13:57,280 It's important to recognise that we're not injecting this CO2 into large swimming pool like storage cabins, 132 00:13:57,280 --> 00:14:01,630 rejecting into rocks that are a bit like dense sponges. 133 00:14:01,630 --> 00:14:07,720 And they're both permeable Permian permeable and porous. And they hold can hold a lot of fluids. 134 00:14:07,720 --> 00:14:11,770 So we need, first of all, some sort of trapping mechanism. 135 00:14:11,770 --> 00:14:17,770 And these are well known for for water reservoirs, saline aquifers, oil and gas reservoirs. 136 00:14:17,770 --> 00:14:24,250 You need a good porous storage rock and then you need an impermeable, impermeable capping rock. 137 00:14:24,250 --> 00:14:33,430 And this could be brought about by structural highs or it could be due to the juxtaposition of one type of geology against the other. 138 00:14:33,430 --> 00:14:45,220 For example, across the fault that we get what are called residual trapping mechanisms as the as the CO2 moves through these formations, 139 00:14:45,220 --> 00:14:54,700 the rock matrix. Some of it gets just trapped behind. We get solubility trapping where the CO2 reacts with the fluids as it moves through. 140 00:14:54,700 --> 00:15:00,600 And then finally, we can get mineral trapping where the CO2 actually reacts with the rock itself. 141 00:15:00,600 --> 00:15:05,200 And so it's important to remember, actually, that there are lots of natural CO2 reservoirs. 142 00:15:05,200 --> 00:15:15,360 The Earth has produced through its time the very large reservoirs of CO2, which historically have been drilled for use in an industry. 143 00:15:15,360 --> 00:15:20,820 So so once we get it back into the Earth, we expect it to stay there. 144 00:15:20,820 --> 00:15:25,700 So the key ingredients to secure a CO2 storage, first of all, we need to have enough space. 145 00:15:25,700 --> 00:15:32,700 And Joe is going to talk a little bit about that. We need to, Veltz, inject the CO2 into the reservoir as a suitable injection rates. 146 00:15:32,700 --> 00:15:38,250 And Tom, Tom's going to discuss a bit of that. We want to store it securely. 147 00:15:38,250 --> 00:15:44,670 We want to make sure it doesn't breach the containment reservoir that it's in. 148 00:15:44,670 --> 00:15:50,430 And we want to be at a depth where we're injecting in supercritical state and territory to do this properly. 149 00:15:50,430 --> 00:16:00,890 It requires us to model what's going to happen, monitor and then verify that it's there and not just immediately, but for for for many years forward. 150 00:16:00,890 --> 00:16:05,570 That's that's a lot of what our research is on as these these aspects. 151 00:16:05,570 --> 00:16:13,470 So I'll just show you an example where this has worked quite well. This is the Wayburn Mitel CCW project here. 152 00:16:13,470 --> 00:16:22,410 CO2 is to gain in southern Saskatchewan and Canada. CO2 came from a coal gasification plant in Beulah, North Dakota. 153 00:16:22,410 --> 00:16:28,590 And it was piped over 200 kilometres across the US Canada border to Wayburn. 154 00:16:28,590 --> 00:16:34,200 And it was injected to a depth of nearly three kilometres in the Wayburn Mitel field. 155 00:16:34,200 --> 00:16:39,690 This is an old oil and gas field that's been in production since the late 1950s, 156 00:16:39,690 --> 00:16:47,770 had nearly 44 million tons of CO2 has been stored since this project started. 157 00:16:47,770 --> 00:16:54,000 This is equivalent to emissions from a half a million cars per year. 158 00:16:54,000 --> 00:16:59,880 Another side is in Algeria. This is the solid Kretschmer Field. 159 00:16:59,880 --> 00:17:05,640 This is the third largest gas field in Algeria, which is a very large oil and gas producing country. 160 00:17:05,640 --> 00:17:15,240 And here this gas is very rich in CO2. So the CO2 is captured and then injected into the water leg of the formation here. 161 00:17:15,240 --> 00:17:19,260 It wasn't quite as smooth as as the waiver model example. 162 00:17:19,260 --> 00:17:28,230 Those issues with permeability and connexion between the water and the gas like and see CO2 injection in this field is stopped. 163 00:17:28,230 --> 00:17:33,360 But still four million tons of CO2 have been stored in this reservoir. 164 00:17:33,360 --> 00:17:39,960 Here's a map of current the current state of affairs in terms of carbon capture and storage. 165 00:17:39,960 --> 00:17:48,840 Red commercial CCW facilities in operation. Are construction blue or those development pinker ones where operations have been 166 00:17:48,840 --> 00:17:53,680 suspended because of economic and political factors heavily influenced this. 167 00:17:53,680 --> 00:17:57,960 A few years ago, we saw a bit of a downturn in CCE activities. 168 00:17:57,960 --> 00:18:04,650 Fortunately, things are picking up. Boy, you can see from this map is really dominated by North America, 169 00:18:04,650 --> 00:18:10,140 Western Europe to some extent, Eastern Asia, a bit of Australia and the Middle East. 170 00:18:10,140 --> 00:18:22,530 But really, as I said in the introduction, we need this to start CCF, CPS operations across the world, actually, in terms of European projects. 171 00:18:22,530 --> 00:18:28,680 One of the most high profile ones right now is on the right here, the the Norwegian Northern Lights Project, 172 00:18:28,680 --> 00:18:37,890 which is the consortium of joint industry project that will inject CO2 into a field in the North Sea. 173 00:18:37,890 --> 00:18:44,580 And this will take CO2 from a whole range of sources around this region in the UK. 174 00:18:44,580 --> 00:18:47,670 The UK government has been investing very heavily in projects. 175 00:18:47,670 --> 00:18:54,660 One is the net zero side where this will be the world's first zero carbon industrial hub. 176 00:18:54,660 --> 00:19:00,570 By 2030, the CO2 will be captured from a range of industries, including hydrogen production, 177 00:19:00,570 --> 00:19:10,350 and then piped off shore either to as far as the Northern Lights site, but also to the endurance site, which I haven't accurately put where that is. 178 00:19:10,350 --> 00:19:18,060 But that's roughly where it is. The endurance site where I'll be injected and the subsurface in this area. 179 00:19:18,060 --> 00:19:28,650 Some of the projects that we're involved with here in Oxford, for example, are are funded through accelerating CBS U.S. Technology ACTC programme. 180 00:19:28,650 --> 00:19:35,250 One is called Digimon, which is looking at new digital monitoring solutions for CO2 storage sites. 181 00:19:35,250 --> 00:19:45,090 And one that's under consideration right now is Consortium, a collaboration of countries around the North Sea looking at the effects of stress, 182 00:19:45,090 --> 00:19:51,900 history and GM mechanics to reduce risk in these sort of in any of these storage sites. 183 00:19:51,900 --> 00:19:57,600 So at this stage, just, you know, the take home message is basically to prove proof of concepts have been established. 184 00:19:57,600 --> 00:20:07,380 And what's really need is an urgent need to scale things up. And we also urgently need to start diversifying industrial complication, for example, 185 00:20:07,380 --> 00:20:13,920 you know, addressing the use of coking coal in mining as a good example. 186 00:20:13,920 --> 00:20:17,310 We feel that we need to collaborate with the oil and gas industry. 187 00:20:17,310 --> 00:20:25,560 They have the experience, the knowledge and the technology to to to do this on a commercial scale. 188 00:20:25,560 --> 00:20:33,750 And upfront research and development is really required just to make sure that we know dearest things as much as possible. 189 00:20:33,750 --> 00:20:42,420 So that I'm going to hand over to Joe Cartwright, who's going to talk about the next the next section. 190 00:20:42,420 --> 00:20:49,650 Thanks, Mike. So as as Mike mentioned in his introduction, there are two principal options at the moment. 191 00:20:49,650 --> 00:20:55,010 There are others, but we are focussing on these two. 192 00:20:55,010 --> 00:21:00,570 So line aquifer's on the left, graphic and depleted oil and gas fields on the right. 193 00:21:00,570 --> 00:21:04,140 So little bit of simple geology for you. 194 00:21:04,140 --> 00:21:14,040 The salen aquifers different from the depleted oil and gas fields in as much as it hasn't had oil or gas produced from that aquifer, 195 00:21:14,040 --> 00:21:19,260 aquifer and reservoir, a sort of synonyms for the purposes of this talk. 196 00:21:19,260 --> 00:21:26,730 And reservoirs, aquifers are porous rocks, as Mike said, with the additional property that they have good permeability, 197 00:21:26,730 --> 00:21:31,650 the ability of fluids to flow through them in the right kind of timescales. 198 00:21:31,650 --> 00:21:36,750 You also need to have rEU good Caprock, as Mike has mentioned. 199 00:21:36,750 --> 00:21:41,970 So the main difference then between the left and the right hand cross sections looking 200 00:21:41,970 --> 00:21:46,710 down there is the depth at which we're injecting in the depleted oil and gas fields. 201 00:21:46,710 --> 00:21:52,200 It tends to be deeper in that particular example from southern France, onshore southern France. 202 00:21:52,200 --> 00:22:00,570 The oil and gas field was in a highly faulted region, very structurally deformed, and was at a depth of 4000 metres. 203 00:22:00,570 --> 00:22:08,910 Whereas on the left, your schematic there gives a typical shallow, say, an aquifer at a depth of about a thousand metres. 204 00:22:08,910 --> 00:22:14,310 And what you need then is the right geological context, proximity to the emitters. 205 00:22:14,310 --> 00:22:17,610 You need loads of data to characterise your site. 206 00:22:17,610 --> 00:22:25,830 And it's helpful if you've already got a lot of hardware in place, existing wells, pipelines, other infrastructure. 207 00:22:25,830 --> 00:22:31,320 Those will all be factored into the the final validity of viability of a project. 208 00:22:31,320 --> 00:22:34,020 Next one, please. My. 209 00:22:34,020 --> 00:22:43,410 So just to be clear about what porosity is and permeability, these are the two main requirements for a reservoir, for a storage site. 210 00:22:43,410 --> 00:22:48,300 And that picture on the left is a picture of some sand grains in a sandstone. 211 00:22:48,300 --> 00:22:54,090 So that would be a typical ethology in a reservoir. And the grains are typically about a millimetre in diameter. 212 00:22:54,090 --> 00:23:00,510 And the image on the right is a thin section. So that's a slice through the rock that's viewed under a microscope. 213 00:23:00,510 --> 00:23:04,800 The grains are white, quite rounded, elliptical in shape. 214 00:23:04,800 --> 00:23:11,760 And the blue is the poor space. And that is void space through which the CO2 will flow. 215 00:23:11,760 --> 00:23:23,100 But it will have to displace water as it does. It's typically this void space, 30 percent to down to 10 in the target range of one to three. 216 00:23:23,100 --> 00:23:30,570 The void space decreases downwards. So the shallower ones, shallower sites have better pore space. 217 00:23:30,570 --> 00:23:39,210 The deeper ones, lower pore space, which also is a factor to be weighed up in choosing which kind of target depth to aim for. 218 00:23:39,210 --> 00:23:43,770 And importantly, the void geometry defines the permeability. 219 00:23:43,770 --> 00:23:53,610 So it's the ability of the fluids to flow through these tiny little nooks and crannies which controls the ability to get the CO2 into the formation. 220 00:23:53,610 --> 00:23:57,550 And I can illustrate that on the next slide. 221 00:23:57,550 --> 00:24:07,900 With a couple of images from current research, this is an area of active research to define the physical properties of potential storage reservoirs, 222 00:24:07,900 --> 00:24:16,930 we can use X-ray tomography on our reservoir samples if we are able to access them from pre-existing boreholes. 223 00:24:16,930 --> 00:24:21,910 And that allows a stand to compute the poor space and how it interconnects. 224 00:24:21,910 --> 00:24:31,380 So A is a picture of the Tomáš gram of the grains and B is an image computer reconstructed image of the poor space and bottom right. 225 00:24:31,380 --> 00:24:35,530 You can see the fluid flow path through a typical sandstone reservoir. 226 00:24:35,530 --> 00:24:43,240 The ball's there being the grains of sand. And then those arrows, curvilinear arrows, are the the fluid flowing through that. 227 00:24:43,240 --> 00:24:54,370 So with these kinds of computer assisted techniques, we can predict a great deal about the reservoir performance under a CO2 injection experiment. 228 00:24:54,370 --> 00:25:02,070 And that's exactly what people are doing. Next one, please. So depleted oil and gas fields. 229 00:25:02,070 --> 00:25:08,190 Well, as the term suggests, they are sites of former oil or gas exploitation. 230 00:25:08,190 --> 00:25:14,340 There will be plenty of boreholes. There will be an awful lot of data because oil and gas fields require a lot of investment. 231 00:25:14,340 --> 00:25:19,560 So huge amounts of data is is acquired prior to drilling those. 232 00:25:19,560 --> 00:25:26,700 And that sort of database is essential to really characterise a site underground to dispose of CO2. 233 00:25:26,700 --> 00:25:31,470 So you can take that box, you'll have loads of data. It'll be close to pipelines. 234 00:25:31,470 --> 00:25:33,600 There'll be infrastructure in place. 235 00:25:33,600 --> 00:25:43,350 And these huge databases of wells, core and seismic, will reassure folks that we've characterised the reservoir and its geological context. 236 00:25:43,350 --> 00:25:46,590 In addition, though, you also get production history. 237 00:25:46,590 --> 00:25:53,880 We know how the reservoir will have behaved over the lifespan of the field, which may well have been 30 to 40 years. 238 00:25:53,880 --> 00:25:56,790 And that gives added input into models. 239 00:25:56,790 --> 00:26:06,350 Predicting how it will behave on the CO2 injection gives a really firm constraint on the likely injectivity history. 240 00:26:06,350 --> 00:26:10,700 On the slight negative side, these oil and gas fields are often deep. 241 00:26:10,700 --> 00:26:16,730 They're structurally deformed. They have higher in situ formation pressures. 242 00:26:16,730 --> 00:26:21,950 And they may well be faults, as in this example from southern Australia. 243 00:26:21,950 --> 00:26:27,950 They will also have lower porosity and permeability and therefore lower storage capacity. 244 00:26:27,950 --> 00:26:34,250 So all these factors need to be weighed up when choosing what type of geological option to go for. 245 00:26:34,250 --> 00:26:40,040 Incidentally, this one was onshore in the state of Victoria and South Australia, 246 00:26:40,040 --> 00:26:47,060 and there was a great deal of collaboration between all the stakeholders and the company responsible for disposing of this CO2. 247 00:26:47,060 --> 00:26:52,070 So it was as much a success from a stakeholder involvement, 248 00:26:52,070 --> 00:26:58,400 from a transparency point of view as it was from a technical point of view, but relatively small amounts. 249 00:26:58,400 --> 00:27:05,240 Only tens of thousands of kilotons were stored in the period during which this project was in operation. 250 00:27:05,240 --> 00:27:15,690 Next one, please. So very briefly, a global look here at some very large numbers view these are millions of tons. 251 00:27:15,690 --> 00:27:21,420 And this is the calculated storage capacity for depleted oil and gas fields. 252 00:27:21,420 --> 00:27:30,240 But scale that up by at least an order of magnitude, if not to, for the storage capacity in shallow salines, aquifers. 253 00:27:30,240 --> 00:27:41,980 On the next slide, you'll see. The calculated storage capacity for sale on aquifers in the conterminous United States, 254 00:27:41,980 --> 00:27:47,680 the 48 states, and you can see that the total number there is about 100 gigatons. 255 00:27:47,680 --> 00:27:57,250 Thinking back to the requirement to store a trillion tonnes, then the US can potentially store a really serious fraction of that. 256 00:27:57,250 --> 00:28:02,050 So huge amounts of geological investigation has gone into calculating these numbers. 257 00:28:02,050 --> 00:28:07,330 But the ability to do so has largely benefited from the fact that there's been a huge 258 00:28:07,330 --> 00:28:13,540 amount of oil and gas exploration in these very same areas over the last century, 259 00:28:13,540 --> 00:28:25,850 actually in the United States. Next one, please. So back in our own backyard here off of the North Sea bass and off the east coast of the U.K., 260 00:28:25,850 --> 00:28:33,980 huge number of potential storage sites documented by the BGA s of a variety of types, 261 00:28:33,980 --> 00:28:39,230 both the depleted fields and the sideline aquifers in the different symbols there. 262 00:28:39,230 --> 00:28:44,030 And with the ability to store thousands and thousands of megatons. 263 00:28:44,030 --> 00:28:52,520 So the shallow sale on aquifers in particular give us great optimism for our capabilities of storing serious quantities. 264 00:28:52,520 --> 00:29:03,910 Next slide. And if we look at the North Sea, it out also has one of the longest running, if not the long, 265 00:29:03,910 --> 00:29:08,590 longest running project, CO2 injection project, which is the slight in a field. 266 00:29:08,590 --> 00:29:12,080 So I'll spend a few minutes talking about that. 267 00:29:12,080 --> 00:29:22,000 It's stored at a depth of about 800 to 1000 metres in a sandstone reservoir, which is deposited over a huge area of the central North Sea. 268 00:29:22,000 --> 00:29:26,470 And it's stored around about 20 megatons at the moment. 269 00:29:26,470 --> 00:29:32,940 And about one million tonnes per annum. Next slide, please. 270 00:29:32,940 --> 00:29:42,160 And that's the kind of graphic showing exactly what's envisaged here in this sort of operation from a platform, a pre-existing oil and gas platform. 271 00:29:42,160 --> 00:29:48,820 One of the boreholes has gone down and injected CO2 targeted that you'd see the formation where 272 00:29:48,820 --> 00:29:55,990 you can see the plume in those little blue cylinders feeding the layers of the reservoir in red. 273 00:29:55,990 --> 00:30:04,000 And that plume has been expanding and has been monitored over the last 20, 20 years or so at about one megatons per annum. 274 00:30:04,000 --> 00:30:08,410 So this has huge storage capacity. It's geologically young and very simple. 275 00:30:08,410 --> 00:30:10,930 So it has predictable behaviour. 276 00:30:10,930 --> 00:30:18,640 And the shallow means that there's relatively low injection pressures, which reduces the risk of anything going wrong on injection. 277 00:30:18,640 --> 00:30:21,980 And there are very few faults around this particular neck of the woods. 278 00:30:21,980 --> 00:30:27,220 So that's another added advantage. Next one, please. 279 00:30:27,220 --> 00:30:31,130 And this is a geological cross section of that reservoir that you'd see your 280 00:30:31,130 --> 00:30:36,360 Issan sitting at about 800 metres depth in the centre of that cross section. 281 00:30:36,360 --> 00:30:38,790 The panels about 100 kilometres across. 282 00:30:38,790 --> 00:30:46,010 So straightaway you can see from those boreholes which calibrate the position of that reservoir and give us his properties. 283 00:30:46,010 --> 00:30:52,950 You can see it's a laterally extensive reservoir, which is a big plus for shallow sailin aquifers. 284 00:30:52,950 --> 00:31:00,150 They're generally really large in their aerial extent and therefore large in their storage capacity. 285 00:31:00,150 --> 00:31:09,590 Next one, please. And another essential ingredient to make this work is, of course, data availability. 286 00:31:09,590 --> 00:31:18,890 It will be really, really difficult to mount CO2 injection into the subsurface unless you have a huge amount of seismic data. 287 00:31:18,890 --> 00:31:29,180 And this image here is one such seismic profile from the area of the slightness field showing the CO2 plume on the bottom right of that image. 288 00:31:29,180 --> 00:31:38,870 And just in case you've not encountered one of these seismic profile is like having a a scan through the Earth equivalent to a sort of a C.T. scan. 289 00:31:38,870 --> 00:31:47,390 And we're able to record the geological layering. And you can see geological features, including the very bright reflections. 290 00:31:47,390 --> 00:31:54,140 Those are those bright colours in the bottom right, which are a manifestation of the actual injected CO2. 291 00:31:54,140 --> 00:31:57,050 So you are physically using the seismic data. 292 00:31:57,050 --> 00:32:05,180 We can plot the best site to locate the injection wells and we can eliminate the risk or mitigate the risk, 293 00:32:05,180 --> 00:32:14,720 reduce the risk of any of the CO2 leaking by increasing our geological knowledge of the overburden rocks and documenting all of the features. 294 00:32:14,720 --> 00:32:18,620 And those some of those are labelled there in that image. 295 00:32:18,620 --> 00:32:27,680 And furthermore, we can repeat the seismic experiment every few years and monitor precisely how the CO2 is moving in the subsurface. 296 00:32:27,680 --> 00:32:33,020 And on the next slide, you can see exactly that. 297 00:32:33,020 --> 00:32:39,530 So those are repeat seismic images taken from the slightness injection site through time, 298 00:32:39,530 --> 00:32:46,520 through the history of the project, showing in the bottom image, the vertical cross section through the injection. 299 00:32:46,520 --> 00:32:55,490 And you can see how that changes year on year. And that's the CO2 plume migrating, ascending, spreading laterally. 300 00:32:55,490 --> 00:33:02,990 And that's capture very graphically in the image at the top, which shows in a map form the expansion of the plume. 301 00:33:02,990 --> 00:33:08,150 And those colours represent the intensity of the CO2 injected. 302 00:33:08,150 --> 00:33:15,050 So the seismic capability allows us to monitor really rather precisely how the CO2 is moving. 303 00:33:15,050 --> 00:33:25,100 In addition to preconditioning the optimal place for risking the site appropriately and within regulatory boundary conditions. 304 00:33:25,100 --> 00:33:32,300 Next one, please. And I should say that in reflecting back on the availability of data, really, 305 00:33:32,300 --> 00:33:37,400 the oil industry has invested huge amounts because it's a commercial enterprise. 306 00:33:37,400 --> 00:33:45,650 But then the CO2 injection industry to follow will benefit from legacy data, which amounts to trillions of dollars in value. 307 00:33:45,650 --> 00:33:53,000 So I think we start from a very strong position about knowing our subsurface and geological knowledge. 308 00:33:53,000 --> 00:34:01,190 As I show you, hope, hopefully, as I've shown you, is absolutely vital for characterising both the reservoir and the seal. 309 00:34:01,190 --> 00:34:09,620 But I'm sure that Tom will expand much more on some of these topics and also point out some of the pitfalls, because we have to be aware of those. 310 00:34:09,620 --> 00:34:13,930 So over to you, Tom. Thanks. 311 00:34:13,930 --> 00:34:25,090 Thanks. Yeah. So, yeah, we are going to be discussing the risks and the challenges as mikes of grew up and as Mike and Joe really nicely teed up, 312 00:34:25,090 --> 00:34:31,210 what I'm going to discuss here. So next slide. 313 00:34:31,210 --> 00:34:34,780 So I'm going to be discussing make many just five points pretty much. 314 00:34:34,780 --> 00:34:38,470 And and like I said, making Joseph touched on these. 315 00:34:38,470 --> 00:34:43,180 So we're going to wear the injectivity defamer, those in just a second. The induced seismicity. 316 00:34:43,180 --> 00:34:49,390 So the earthquakes, you may generate that small tremors, maybe the leakage risk. 317 00:34:49,390 --> 00:34:55,990 How to monitor these sites in it? A little more detail. But I you sort of summarising how much monitoring it does take. 318 00:34:55,990 --> 00:35:02,330 And then it's of roughly touching on the costs and scaling up as well. So next slide. 319 00:35:02,330 --> 00:35:09,200 So first off, this injectivity following on from what Joe was talking about in terms of the porosity and permeability of the formations. 320 00:35:09,200 --> 00:35:15,530 Injectivity is simply how much Ray and volumes. Can you actually inject into the reservoir? 321 00:35:15,530 --> 00:35:20,780 Once you've Gerrold the well and once you've characterised everything. So is this in this schematic on the right. 322 00:35:20,780 --> 00:35:24,760 Is this little animation saying I wish. Can you actually supply. 323 00:35:24,760 --> 00:35:32,090 And that actually as Mike sort of touched one in a necklace store and other sites that you delivered to the C.A.T., 324 00:35:32,090 --> 00:35:35,920 you can be a real pinch point that you actually see. 325 00:35:35,920 --> 00:35:39,860 It was very difficult to acquire due to the just the demand for it from enhanced 326 00:35:39,860 --> 00:35:44,690 or recovery than other things that can affect the reservoir performance. 327 00:35:44,690 --> 00:35:45,330 The injectivity, 328 00:35:45,330 --> 00:35:54,980 which says the reservoir performance about these these things are going on in this in the reservoir as you're trying to actually put the CO2 in place. 329 00:35:54,980 --> 00:35:59,690 Some examples area from slightness. The initial injection rates are actually 10 percent of that. 330 00:35:59,690 --> 00:36:06,680 What they wanted to say or any on the order of a few hundred kilotons is peaceful megaton per year due to sand intruding into the well. 331 00:36:06,680 --> 00:36:13,280 So the sand screens, as a result of putting CO2 into the reservoir, are reacting to that CO2. 332 00:36:13,280 --> 00:36:20,270 And then in Suva, another North Sea NBCC rays were the geological barriers. 333 00:36:20,270 --> 00:36:25,370 The pressure was building up. The CO2 was migrating through the rock and then hitting a geological barrier. 334 00:36:25,370 --> 00:36:28,970 And the reservoir was more compartmentalised than they originally imagined. 335 00:36:28,970 --> 00:36:34,520 And that led to pressure differences that they had to then adapt and work around. 336 00:36:34,520 --> 00:36:38,360 But it's still limited. The injectivity and like Joe said, 337 00:36:38,360 --> 00:36:47,300 is this poor scale behaviour of the way the chemical reactions can occur between the CO2 and the rock and the reservoir rock itself, 338 00:36:47,300 --> 00:36:50,960 which can limit the permeability or change the permeability throughout the injection. 339 00:36:50,960 --> 00:36:58,130 One of these is so precipitation, like so precipitating in the formation itself as a result of the CO2 near the well. 340 00:36:58,130 --> 00:37:04,160 Thermal effects can also change the permeability as well as a result of your pumping cold CO2 into a relatively 341 00:37:04,160 --> 00:37:11,780 warm reservoir that can fracture the rock and cause contraction and that can change the how much you can inject. 342 00:37:11,780 --> 00:37:16,400 So all of these are tiny, dependent problems which affect the reservoir pressure. 343 00:37:16,400 --> 00:37:22,700 So you can see on that thing you have this bottom hole pressure. PVH and these things change with time and the amount that you can inject. 344 00:37:22,700 --> 00:37:28,010 And you have to constantly monitor these things in response and look at the response of the reservoir. 345 00:37:28,010 --> 00:37:33,020 So next slide. Moving on to induce those mistakes. 346 00:37:33,020 --> 00:37:39,140 This is their full activation or so of putting fluid into the ground, putting the CO2 into the ground. 347 00:37:39,140 --> 00:37:43,790 And so within the reservoirs of near where you're actually putting all of that CO2 in place, 348 00:37:43,790 --> 00:37:52,400 you're increasing the pressure by putting more fluid in and that can cause Foltz to be reactivated or actually meeting that increased pressure. 349 00:37:52,400 --> 00:37:59,060 But a more distant go, you're increasing that reservoir of pressure that can actually act to inflate a functionally the reservoir. 350 00:37:59,060 --> 00:38:05,660 And that the rocks of the reservoir pushing against the surrounding rocks can induce what's called a poor or elastic effect, 351 00:38:05,660 --> 00:38:10,670 where the stress change in the reservoir is propagating further outside of the reservoir. 352 00:38:10,670 --> 00:38:18,410 And that can also activate folks as well. But when you actually inject any kind of fluid into the subsurface, you get some amount of seismicity. 353 00:38:18,410 --> 00:38:23,810 And most of the time this is quite small. You can cannot be felt on the surface called micro seismic events. 354 00:38:23,810 --> 00:38:29,230 That cannot be felt. It usually acts as quite helpful diagnostic to look at where fluids and propagating or 355 00:38:29,230 --> 00:38:33,350 where fractures are moving and things like fractures are opening and things like that. 356 00:38:33,350 --> 00:38:39,620 Well, see, when the event starts then fell and he said become larger. That can inhibit many operations as it has in the past. 357 00:38:39,620 --> 00:38:45,570 And so one example on the right is a can store the gas storage projects on the off the coast of Spain. 358 00:38:45,570 --> 00:38:48,260 It's around 20 kilometres offshore. You see the macro. 359 00:38:48,260 --> 00:38:53,250 This is a seismic has it not been in in a region which it doesn't have a lot of seismic has if they if you will, 360 00:38:53,250 --> 00:38:56,790 put this gas storage product here and only a few weeks, 361 00:38:56,790 --> 00:39:02,660 tens and tens of days into the injection programme, they start to get larger and larger seismic events above two, 362 00:39:02,660 --> 00:39:07,460 which is two, is roughly where you can start to feel events on the surface to three. 363 00:39:07,460 --> 00:39:11,660 And then and then it would go out to four and a half. These were widely felt across these towns. 364 00:39:11,660 --> 00:39:20,360 Next to the site. And that was that put an end to the project and as a result of this full activation as they were storing gas. 365 00:39:20,360 --> 00:39:27,880 And another example is, as Steve mentioned, the beginning is the Blackpool hydraulic fracturing in press. 366 00:39:27,880 --> 00:39:32,220 The new road in it last year even put a stop to the hydraulic fracturing operations there. 367 00:39:32,220 --> 00:39:38,990 And now and now, the government has imposed a moratorium on drilling fracturing as a result of the seismicity concerns. 368 00:39:38,990 --> 00:39:43,850 So clearly, full activation is a big risk to social social licence. 369 00:39:43,850 --> 00:39:47,930 You want people to support the project you want. You want people to understand why you're doing it. 370 00:39:47,930 --> 00:39:55,940 And you want people to be not disturbed by it. And for information can also be a big risk to the wellbore integrity. 371 00:39:55,940 --> 00:40:03,110 So it is a result of folks slipping. You can do stress changes which may cause the well to be damaged. 372 00:40:03,110 --> 00:40:09,980 And we obviously want to make sure we're keeping the well in perfect condition and to inject CO2 as safely as possible. 373 00:40:09,980 --> 00:40:13,340 And another risk is from this induced seismicity cases. 374 00:40:13,340 --> 00:40:21,260 If a fault passes through that structural seal that we've discussed for the last in the last you talk some and it's reactivated, 375 00:40:21,260 --> 00:40:30,660 it can potentially act as a hydraulic conduit. It can allow fluid to flow through it and then potentially be a risk to reservoir integrity. 376 00:40:30,660 --> 00:40:40,830 So next light. So this as I move it, going onto that potential leakage risk. 377 00:40:40,830 --> 00:40:47,240 You can have this seal rupture where fluids are able to pass through that structure as CEOs throws a few things. 378 00:40:47,240 --> 00:40:56,310 So full activation, as I just said, the development of fractures and in is natural fractures may exist in that structure will seal. 379 00:40:56,310 --> 00:41:02,220 Again, natural fractures that may result in that structure of a seal. 380 00:41:02,220 --> 00:41:10,170 But then ah then ah. So activate it in a sense by by the introduction of CO2 and then allow fluid to flow for them. 381 00:41:10,170 --> 00:41:18,000 Or potentially then that compartmentalisation like a set of Snover earlier, that unexpected reservoir pressures that can then lead to see a rupture. 382 00:41:18,000 --> 00:41:26,040 So this is the results of this may lead to deep brines or CO2 breaching that storage complex that you want. 383 00:41:26,040 --> 00:41:31,800 And then in the worst case scenario, I see that up and reaching the sea floor. So these are these deep brines. 384 00:41:31,800 --> 00:41:38,160 These contain heavy metals. And the CO2 itself, you know, would induce if they did reach the sea floor, 385 00:41:38,160 --> 00:41:44,370 rapid changes in fairly localised changes in water, salinity, acidity and temperature. 386 00:41:44,370 --> 00:41:48,120 So that would naturally affect any life that was around then. 387 00:41:48,120 --> 00:41:52,650 And we can see the endurance side here, this blue dot on this map of the North Sea. 388 00:41:52,650 --> 00:41:59,580 This is a water that met the bathymetry. And you can see it in the water depth in this location is in your eyes or 50 metres deep. 389 00:41:59,580 --> 00:42:02,040 And so with this with these shallow waters, 390 00:42:02,040 --> 00:42:09,330 which are would you have life in them if the result of a leak could potentially be could affect a wider area, 391 00:42:09,330 --> 00:42:13,580 as well as sort of the mixing of the oceans in this area? 392 00:42:13,580 --> 00:42:20,650 And really, the whilst experiments are being done and research being done on the effect of CO2 on a CO2 leak, 393 00:42:20,650 --> 00:42:27,030 these effects aren't wholly understood and how they would actually affect a wider system if if a leak did occur. 394 00:42:27,030 --> 00:42:34,640 How it affect the whole of the areas is not widely understood. So next slide. 395 00:42:34,640 --> 00:42:37,280 And so that kind of brings me on to the to the monitoring challenge. 396 00:42:37,280 --> 00:42:41,510 So if we've got inducers Misty and there's this leakage risk and, you know, how do we how do we detect that? 397 00:42:41,510 --> 00:42:45,280 How do we how do we gather? And as Joe is mentioned and Mike mentioned, 398 00:42:45,280 --> 00:42:52,340 the this GMAC GM mechanical modelling prior to any injection occurring is it is a vast undertaking in itself. 399 00:42:52,340 --> 00:42:56,420 And as Joe mentioned, we've got a lot of data that is going to constrain these models. 400 00:42:56,420 --> 00:43:01,820 But you as you continually inject as you start to inject and as you continue to collect more and more data, 401 00:43:01,820 --> 00:43:08,870 you have to update these models perpetually to update our understanding of how the reservoir is reacting to any kind of injection. 402 00:43:08,870 --> 00:43:14,990 And there are many methods used to do that. So microseismic monitoring, say, looking for small earthquakes to track, 403 00:43:14,990 --> 00:43:19,630 like I said, track the fluid migration or Foat reactivation or anything like that. 404 00:43:19,630 --> 00:43:24,260 Now, fibre optic sensing, so you fibre optic cables are down the well itself, 405 00:43:24,260 --> 00:43:29,300 which can measure strain in the well and as well and as much and temperature as well. 406 00:43:29,300 --> 00:43:39,310 You have these seismic imaging, these reflexion seismic images that Joe mentioned which can look at plume growth and and identify faults, 407 00:43:39,310 --> 00:43:41,330 pre-existing faults prior to operations, 408 00:43:41,330 --> 00:43:48,890 your gravity measurements, which can also track the plane and actually measure tiny adjustments in gravity and see where the plume is going. 409 00:43:48,890 --> 00:43:52,580 And then looking at the geochemistry, the surface water in the flowback geochemistry is. 410 00:43:52,580 --> 00:43:59,330 And then you say that final part I just discussed that in the leakage, we're actually detecting CO2 on the seafloor itself. 411 00:43:59,330 --> 00:44:08,900 And these are also summarise risks of cost benefit plot. But generally, employing a lot of these techniques is a very, very large of, 412 00:44:08,900 --> 00:44:13,210 you know, tens of kilometres square areas is expensive and is and is difficult. 413 00:44:13,210 --> 00:44:21,170 It's technically challenging. And so if we're going to upscale this to hundreds of thousands of reservoirs around the world, 414 00:44:21,170 --> 00:44:24,930 we need to work out what techniques give us the biggest bang for our buck. 415 00:44:24,930 --> 00:44:29,870 What what what do we need to get to a fuller good understanding as we as we require 416 00:44:29,870 --> 00:44:35,450 to ensure reservoir integrity and ensure that we know where the fluid is going? 417 00:44:35,450 --> 00:44:37,730 They waste money, innocence. 418 00:44:37,730 --> 00:44:45,470 And obviously, if we do collect all of this data is very large volumes that they are their own needs to be integrated into one consistent picture. 419 00:44:45,470 --> 00:44:50,300 And that's a tap that is a technical challenge to just have all of that data and try and integrate into what? 420 00:44:50,300 --> 00:44:54,760 Into a single into a single picture. So next. 421 00:44:54,760 --> 00:44:59,870 Q So leaving on just from that point is you can say that this is an expensive task to monitor, 422 00:44:59,870 --> 00:45:07,040 but roughly what kind of scaling up is required for geologic see CO2 storage and how much would that cost? 423 00:45:07,040 --> 00:45:14,960 So we have a global CO2 emissions around around 35 gigatons per year or something like that and put it in the U.K. context, 424 00:45:14,960 --> 00:45:20,240 US 350 megatons per year, approximately. And as Jay mentioned, 425 00:45:20,240 --> 00:45:29,270 a slight married's of successful projects like Wayburn successful injection rate would be something on the order of above one megaton per year. 426 00:45:29,270 --> 00:45:38,030 And so if you just rough back of the envelope calculation, here it is, you need thousands of projects globally to offset all CO2 emissions. 427 00:45:38,030 --> 00:45:41,980 So obviously, that's not that's not a solution. This is not a silver bullet. 428 00:45:41,980 --> 00:45:46,730 To Endou emission and then Endou emissions. 429 00:45:46,730 --> 00:45:49,730 But it needs to be combined with an overall reduction in emissions. 430 00:45:49,730 --> 00:45:54,500 We need to be a much more efficient society and much less polluting society, General. 431 00:45:54,500 --> 00:46:01,850 But this can help offset that. That last part. And then so and to put it back into context is most of our film, 432 00:46:01,850 --> 00:46:11,300 the costs that the endurance site off the coast of the homicide area is around one gigatons of storage, 433 00:46:11,300 --> 00:46:15,260 crusty's around gigaton, probably a bit less than that. 434 00:46:15,260 --> 00:46:21,080 And the cost of CCW as it as it currently stands, is of current estimates are between so 50 to 80 dollars per ton. 435 00:46:21,080 --> 00:46:28,210 That's the entire process of capturing it. Transporting it and then storing it will be around 50 tons per ton. 436 00:46:28,210 --> 00:46:35,000 So, you know, we're talking billions of dollars for the overall project. Millions of dollars per year for each individual project. 437 00:46:35,000 --> 00:46:40,100 And if you then scale up for even more projects to be, you know, naturally even larger, much larger sums. 438 00:46:40,100 --> 00:46:47,220 But consider and just put this in context, the capital investment in offshore oil and gas is something on the order of 30 billion dollars per year. 439 00:46:47,220 --> 00:46:53,000 And so, you know, these aren't massively different scales of spending. So just final slide. 440 00:46:53,000 --> 00:46:59,690 So I think just to end on a really hope on a hopeful note, I've sort of summarised all of the columns to Joe's prove his innocence. 441 00:46:59,690 --> 00:47:06,840 But really, if you go through each of these points, there's a lot there's a lot that we do know and there's a lot of ways that we can solve it. 442 00:47:06,840 --> 00:47:10,910 So for the injectivity, we've learnt a lot from these previous CCE projects, 443 00:47:10,910 --> 00:47:16,400 as well as Orefield management and one hundred and decades and decades of GM mechanics and data 444 00:47:16,400 --> 00:47:21,040 that we have on oil and gas fields and the way rocks behave at depth and how to pump fluid, 445 00:47:21,040 --> 00:47:26,870 how to extract or eject fluids into them. So we have that data and only do so as we see point. 446 00:47:26,870 --> 00:47:32,420 We can identify it through monitoring and modern techniques of forecasting and mitigation. 447 00:47:32,420 --> 00:47:34,760 Practises are being developed and so are possible. 448 00:47:34,760 --> 00:47:41,780 We know that we can work out ways to avoid activating faults and what we can do is try and get around that on the leakage side. 449 00:47:41,780 --> 00:47:47,630 There are many monitoring tools available as well. Those are being developed currently as well by numerous groups and actually 450 00:47:47,630 --> 00:47:52,010 understanding the full effects of the leak on them on the on an eco system. 451 00:47:52,010 --> 00:47:57,110 Because right now they suggest they're quite localised, but the full effects need to be further understood. 452 00:47:57,110 --> 00:48:02,210 But those can be understood through the research. And that's that's ongoing on the monitoring side. 453 00:48:02,210 --> 00:48:07,580 We can streamline that. We can find out what is the most cost effective approach through research as well. 454 00:48:07,580 --> 00:48:12,260 That's what w what we do. Alex food is that our group does in a sense. 455 00:48:12,260 --> 00:48:14,180 And this these big data volumes, 456 00:48:14,180 --> 00:48:19,760 this integrated approach can be helped with modern processing techniques such as machine learning and things like that. 457 00:48:19,760 --> 00:48:25,340 And like I said, the similar risk cost in scale is very similar to that of oil and gas investment and with incentives. 458 00:48:25,340 --> 00:48:31,070 This is an achievable problem. And with the correct with the scaling up the wind patterns, 459 00:48:31,070 --> 00:48:40,310 we are sure that economies of scale will kick in and this thing will get cheaper as you try to as it as this gets developed and used around the world. 460 00:48:40,310 --> 00:48:46,970 So that's that's us. Thank you, Mike and Tom and Joe. 461 00:48:46,970 --> 00:48:50,840 That's fantastic. Let's go to questions now. 462 00:48:50,840 --> 00:48:55,820 I've certainly learnt a lot. I've I've heard a lot of discussion about the urgency of scaling up. 463 00:48:55,820 --> 00:49:02,540 And there are a lot of uncertainties. But it was really interesting to see just a wealth of data that's already out there on carbon storage. 464 00:49:02,540 --> 00:49:09,920 And that I think, Tom, you led us quite nicely to was the most popular question, actually, from Rosalind Ken. 465 00:49:09,920 --> 00:49:14,030 Thank you, Rosalind. Can carbon sequestration be done in time? 466 00:49:14,030 --> 00:49:17,960 I think you indicated that, you know, by some metrics at least, 467 00:49:17,960 --> 00:49:23,540 we're talking about scaling up an industry to the Scott, that to the size of the current oil and gas industry, 468 00:49:23,540 --> 00:49:30,280 essentially from from something that exists but is currently much smaller scale, you know, within just a few short decades. 469 00:49:30,280 --> 00:49:33,590 So. Mike, Joe and Tom, 470 00:49:33,590 --> 00:49:42,770 do you have particular views on whether whether that is genuinely achievable or what was the critical thing to be done if it is to be achieved? 471 00:49:42,770 --> 00:49:47,080 I mean, it's a very good question. I think it is. 472 00:49:47,080 --> 00:49:55,130 It is imminently achievable. I mean, we've done. I mean, Tim Krueger's talking use the analogy of the vaccine. 473 00:49:55,130 --> 00:50:02,450 Very successfully. And we have incredibly quickly. And I think if there's a you know, there's clearly a need for this. 474 00:50:02,450 --> 00:50:07,040 So and I think technologically there's an ability. 475 00:50:07,040 --> 00:50:16,560 So I am confident we can do it if we put the time and resources to. 476 00:50:16,560 --> 00:50:22,140 Jerry, if you've had experience working in the sector yourself, so do you share that view? 477 00:50:22,140 --> 00:50:30,080 Yes, I do. I think we should remember that an awful lot of the oil and gas infrastructure in the world is owned by national governments. 478 00:50:30,080 --> 00:50:39,030 Eighty seven percent. So I'm sure I mean, there are very positive soundings coming from the big oil companies, 479 00:50:39,030 --> 00:50:44,940 but they only represent 13 percent of all of our infrastructure and know how. 480 00:50:44,940 --> 00:50:50,080 So I do think this is an international effort. The intergovernmental levels. 481 00:50:50,080 --> 00:50:54,460 That's required to get the cooperation from from everybody involved. 482 00:50:54,460 --> 00:51:02,730 But as regards shareholders, private companies, we know that, you know, the relationship is the one is beholden to the other. 483 00:51:02,730 --> 00:51:08,040 So corporate social responsibility is playing the increasing role. 484 00:51:08,040 --> 00:51:15,360 So I'm sure that, you know, with the right incentives, it can't be done, you know, philanthropically by the oil industry. 485 00:51:15,360 --> 00:51:23,100 But it could be done for essentially operating costs or just something a little bit above very modest profit margin. 486 00:51:23,100 --> 00:51:26,910 So but that is going to take the consumer to be willing to pay for it. 487 00:51:26,910 --> 00:51:35,260 And that has to be a transnational efforts and price setting. 488 00:51:35,260 --> 00:51:37,090 Tom, I mean, you are fairly optimistic. 489 00:51:37,090 --> 00:51:43,570 I think you ended on a fairly optimistic note that it could be scaled up, but he gave a sort of long list of things that that need to be put in place. 490 00:51:43,570 --> 00:51:50,500 Would you have a particular priority amongst those? So you say only to happen at the same time? 491 00:51:50,500 --> 00:51:55,150 Well, I think the a lot of the monitoring all plays into into each region, each point. 492 00:51:55,150 --> 00:51:58,780 So, you know, you're doing the monitoring. And it's not just for one aspect of it. 493 00:51:58,780 --> 00:52:05,200 You're doing the monitoring that helps in every way. The. He said that it to scale this up. 494 00:52:05,200 --> 00:52:11,680 We're talking about earnings. You know, you need to we need to work out ways to to apply this in the most efficient way possible, 495 00:52:11,680 --> 00:52:13,420 because if we're going to scale this up around the world, 496 00:52:13,420 --> 00:52:20,040 we need it to be affordable by effort, by not just, you know, Western Europe and by states needs to be applied around the world. 497 00:52:20,040 --> 00:52:25,340 So that's equality of opportunity around the world needs to be in place as well. 498 00:52:25,340 --> 00:52:30,160 So that's another factor. But I think in terms of something. 499 00:52:30,160 --> 00:52:38,290 One thing to focus on, I think, you know, with the monitoring in place, you can you can get a lot of you don't need to focus. 500 00:52:38,290 --> 00:52:43,630 You can look at each of these points at the same time and sort of make a wholesale assessment. 501 00:52:43,630 --> 00:52:50,200 And that's the safest thing to do. Just leading on from that, we've had several questions, 502 00:52:50,200 --> 00:52:55,660 which gets at the sort of transition of where carbon capture and storage in the oil and gas industry 503 00:52:55,660 --> 00:53:00,880 is today to where it needs where we need to pay for a sort of genuinely net zero compliance society. 504 00:53:00,880 --> 00:53:08,090 So there's some questions about the fact that you gave the example of the Boundary Dam coal plant and the fact that actually 505 00:53:08,090 --> 00:53:15,490 the costs of solar and other technologies mean should we really be looking at the use of CCW for coal in the long run or not? 506 00:53:15,490 --> 00:53:18,130 Tim Kruger, hello, timmers as chips. And a question about is, 507 00:53:18,130 --> 00:53:26,900 is the is the suggestion or the current sort of look at CCSVI enhanced oil recovery helping or hindering the long run scaling of CCAR? 508 00:53:26,900 --> 00:53:31,560 And we've talked a lot in general about the involvement of the oil and gas sector in scaling this up. 509 00:53:31,560 --> 00:53:41,180 So. Do you have thoughts on whether the current framing of CCSVI is the right one in order to get it scale and how we can actually achieve that? 510 00:53:41,180 --> 00:53:47,110 Efficiency is sort of threading a needle in a way, isn't it? Of working with the oil and gas sector to scale this up, 511 00:53:47,110 --> 00:53:54,190 but at the same time recognising that the uses in the long run of success might be very different to where we put them in the near-term. 512 00:53:54,190 --> 00:54:01,630 I don't know if I can tell you all your thoughts, but maybe, Mike, if you want to lead off on that one and then feel free to chip in. 513 00:54:01,630 --> 00:54:05,110 No, again, it's a really good point. I mean, it will. 514 00:54:05,110 --> 00:54:13,840 The framing of it will have to change. Most definitely. And hopefully there won't be a need for CO2 capture. 515 00:54:13,840 --> 00:54:22,030 Coal power plant to your is is a way you once you drill the well and you're producing oil and gas. 516 00:54:22,030 --> 00:54:29,380 I would argue environmentally you're better off using that to get everything out of it before you go to another spot and drill. 517 00:54:29,380 --> 00:54:35,200 So even though in the long term we have to diminish use of fossil fuels, 518 00:54:35,200 --> 00:54:39,520 once we actually have right now, we can use it in a more environmentally effective way. 519 00:54:39,520 --> 00:54:47,890 But then equally, as we move into these other technologies where we capture CO2 like Dark's and Bak's or the big 520 00:54:47,890 --> 00:54:54,000 challenge of capturing CO2 associated with either making hydrogen or with the mining industry, 521 00:54:54,000 --> 00:54:56,170 you're still going to have to do something with that CO2. 522 00:54:56,170 --> 00:55:03,760 And that's still going to involve all the processes we described of storing it and sequestering it in geologic reservoir. 523 00:55:03,760 --> 00:55:08,470 So I agree that the drivers and the framing will change. 524 00:55:08,470 --> 00:55:19,490 But you're still left with, you know, technically putting CO2 in the ground. 525 00:55:19,490 --> 00:55:24,220 Say, nodding heads is nothing else to add to that one. Okay, great. 526 00:55:24,220 --> 00:55:31,840 Thank you very much for that. Let's move on to another question and we'll try and squeeze in as many as we've got time for. 527 00:55:31,840 --> 00:55:38,320 Kevin Brigden asks, what evidence is there to show that stored CO2 remains stored for the necessary timescale? 528 00:55:38,320 --> 00:55:42,740 I mean, if we're talking about permanent net zero course, that needs to be millennia. 529 00:55:42,740 --> 00:55:49,390 And I think you show quite a lot of data which suggests that, you know, in this in the projects we have, it's looking pretty good. 530 00:55:49,390 --> 00:55:52,870 But of course, they are a period of few decades at most. 531 00:55:52,870 --> 00:56:01,830 So are you confident or are there still remaining question marks about whether it really stays there permanently? 532 00:56:01,830 --> 00:56:06,220 She lightship on chipin on that. 533 00:56:06,220 --> 00:56:21,780 CO2 and S.H. for not the same, but at a first approximation, the fact that gas is stayed underground in the form of methane for millions of years. 534 00:56:21,780 --> 00:56:26,520 Gives us some security or about the geological time scale. 535 00:56:26,520 --> 00:56:30,750 There are also CO2 accumulations, as Mike mentioned. 536 00:56:30,750 --> 00:56:39,990 And those have also been in place for millions of years. That's not to say some of that gas hasn't leaked and leakage is inevitable. 537 00:56:39,990 --> 00:56:48,050 The earth is a sieve, you know, with different meshes. So we shouldn't expect there to be no leakage. 538 00:56:48,050 --> 00:56:51,990 But the natural system is also very good at dealing with leakage. 539 00:56:51,990 --> 00:56:54,240 It can be fixed in different ways. 540 00:56:54,240 --> 00:57:01,890 Some of it, inevitably, as part of the carbon cycle, makes it naturally through to the earth's surface and into shallow aquifers. 541 00:57:01,890 --> 00:57:06,840 There's a natural flux of CO2 and hydrocarbons. 542 00:57:06,840 --> 00:57:15,570 So I think the fact from thousands and thousands of examples of long term residents in gas fields that we can be fairly sure 543 00:57:15,570 --> 00:57:23,790 that we know a reasonable amount about the sort of sealing conditions to say that it will be secure for a few thousand years. 544 00:57:23,790 --> 00:57:27,150 How you define secure is another matter. 545 00:57:27,150 --> 00:57:34,720 If you're absolutist about it and say there should be no leakage and you enshrine that in law, this won't happen. 546 00:57:34,720 --> 00:57:40,080 You know, it's simply not possible in a natural system where there are small voids in 547 00:57:40,080 --> 00:57:46,410 sediments for no leakage to occur and leakage occurs by diffusion all the time. 548 00:57:46,410 --> 00:57:52,590 But leakage by adverse action by actual flow also occurs as long as the rate is manageably 549 00:57:52,590 --> 00:57:59,400 small and doesn't lead to significant pollution of the water column or of the atmosphere. 550 00:57:59,400 --> 00:58:07,020 If these are on land leakages, then we're fine. But I go back actually to reports in the Bible of the burning bush. 551 00:58:07,020 --> 00:58:10,830 We now think that that was actually a natural methane leakage. 552 00:58:10,830 --> 00:58:18,690 So human beings have understood about the natural leakage from underground reservoirs for a long, long time. 553 00:58:18,690 --> 00:58:24,190 So we shouldn't be absolutists. Otherwise, we kill it dead. Stress testing. 554 00:58:24,190 --> 00:58:30,370 I'm going to try and squeeze in two or three questions, so we'll go for some brief answers if possible. 555 00:58:30,370 --> 00:58:36,400 One of them was actually groundwater, which you just mentioned, Joe. And I think you and Tom maybe touched on this as well as seismicity. 556 00:58:36,400 --> 00:58:45,280 But Amalia asks, are there negative effects of carbon sequence sequestration on groundwater quality and can that affect water security? 557 00:58:45,280 --> 00:58:51,910 I know that's a concern that has sort of come up in the social discussion around some of these activities, along with the risk of earthquakes. 558 00:58:51,910 --> 00:58:57,330 So do either of you want to say something on that? Sure, yeah. 559 00:58:57,330 --> 00:59:00,730 Yeah. This this comes up frequently, I try to be brief, this comes up frequently, 560 00:59:00,730 --> 00:59:06,190 especially with things like hydraulic fracturing or fracking is that, you know, is a risk that the groundwater. 561 00:59:06,190 --> 00:59:12,940 And I think it's important to stress the this the sense of scale that we're talking about here between a thousand kilometres. 562 00:59:12,940 --> 00:59:20,050 And so, you know, between a thousand and three thousand metres below the surface, groundwater is generally, you know, 563 00:59:20,050 --> 00:59:28,420 where we have wells really into freshwater aquifers are on the order of it, you know, on the Deep Eastern, a few hundred metres deep. 564 00:59:28,420 --> 00:59:35,830 So it's really ten times deeper than any kind of groundwater. So the where it where you may get any kind of pollution is where the well goes through. 565 00:59:35,830 --> 00:59:44,350 There's freshwater aquifers and you don't adequately seal the well, you don't case it well enough with concrete and steel. 566 00:59:44,350 --> 00:59:47,740 And so the we in the in Europe, you know, 567 00:59:47,740 --> 00:59:55,870 there's a lot of regulation around how well you case these and how we you ensure reservoir well integrity, wellbore integrity. 568 00:59:55,870 --> 01:00:05,230 Whereas, you know, in places with less regulation, that could be an issue where, you know, you're not insuring that, but with adequate regulation, 569 01:00:05,230 --> 01:00:14,120 then it's it's it's we are we are perfectly capable of keeping wells sealed and with no pollution into the surrounding groundwater. 570 01:00:14,120 --> 01:00:21,510 OK. We've had a few questions about the energy and the costs involved in carbon capture and storage. 571 01:00:21,510 --> 01:00:28,230 Maybe so. Nicholas Watts asks, How does the cost of a tonne of carbon stored compare with the cost of a tonne of carbon emissions avoided, 572 01:00:28,230 --> 01:00:34,530 for example, through behaviour change? So maybe if I just address that one very quickly, Tom, I think you gave some numbers, actually, didn't you, 573 01:00:34,530 --> 01:00:41,100 for carbon capture being in the range of 50 to 80 dollars a tonne, perhaps for sort of industrial and power applications? 574 01:00:41,100 --> 01:00:48,870 We know that for direct air capture as well, that that's currently probably in the hundreds and perhaps it might get down with deployment. 575 01:00:48,870 --> 01:00:53,010 Two hundred or if we're being optimistic, closer to one hundred dollars per tonne. 576 01:00:53,010 --> 01:00:57,030 So the short answer is that's that's higher than a lot of other measures we can do. 577 01:00:57,030 --> 01:01:02,370 So shifting to renewables in the power sector, some other behaviour changes we can make. 578 01:01:02,370 --> 01:01:07,720 But is lower than some of the other really difficult things to do. And that's why that's the discussion. 579 01:01:07,720 --> 01:01:12,990 My guess at why it comes out in Pathway's is being part of the solution. Carbon capture and storage. 580 01:01:12,990 --> 01:01:18,150 I'm just going to finish, though, conscious. We're running over time. But this is a great question from Lydia. 581 01:01:18,150 --> 01:01:22,950 And maybe this is a good one for you or with your academic geological hats on. 582 01:01:22,950 --> 01:01:29,130 She says, is all this technical investment really needed? Can we just plant trees and harvest them and bury them? 583 01:01:29,130 --> 01:01:30,080 Does that you know what? 584 01:01:30,080 --> 01:01:39,040 On the timescales we're talking about achieve things much more easily and efficiently than than building up this major new industry? 585 01:01:39,040 --> 01:01:43,350 She's as we've been flying to the moon, while there are desperately important basics we need to tackle on Earth. 586 01:01:43,350 --> 01:01:53,240 So how would you answer that question? That's a tough one. 587 01:01:53,240 --> 01:01:58,430 I mean, basically, there's there's not enough room for four trees to do. 588 01:01:58,430 --> 01:02:03,140 To do it with what's described. I mean, that's the whole. That's what I said at the beginning. 589 01:02:03,140 --> 01:02:04,880 There isn't one silver bullet. 590 01:02:04,880 --> 01:02:14,540 And almost any scenario, especially as you look across all the industries that are producing CO2, we will need some form of CO2 capture and storage. 591 01:02:14,540 --> 01:02:20,720 And Becks is a good example. We can plant the trees and use them for fuel Drax Power Station and then, you know, 592 01:02:20,720 --> 01:02:25,400 get a double whammy where we're pulling CO2 out of the air and we're sequestering it. 593 01:02:25,400 --> 01:02:34,320 But it alone is not going to do it. I mean, Steve, you know better than the figures, and that would mean. 594 01:02:34,320 --> 01:02:41,220 For those of you tuning in who haven't seen the whole series, you can find on YouTube the back and the back story and week two, 595 01:02:41,220 --> 01:02:46,170 I think it was with Professor Natalie Seddon, an Cecil zero down all about nature based solutions. 596 01:02:46,170 --> 01:02:53,250 And they talk about the many opportunities, but also the limitations of working with the biosphere to sequester carbon. 597 01:02:53,250 --> 01:02:56,730 But we're over time now. It just remains for me to say. 598 01:02:56,730 --> 01:03:02,550 Thank you very much to my Kendall, Joe Cartwright and Tom Cataldie for really fascinating presentation. 599 01:03:02,550 --> 01:03:05,325 And thank you to all of you in the audience for joining us to.