Enhanced Oil Recovery and Carbon Capture
EOR Explained
Our strategic approach aims to optimize oil extraction from our 110 wells, with the potential to harness an additional 81 million barrels of oil.
Projected Revenue Growth
Over the forthcoming 5 years, with the implementation of our enhanced oil recovery techniques, we anticipate a surge in our net production revenue, surpassing well over $200 million.
Investment Overview
$20 million has already been dedicated towards the comprehensive development of these 110 wells. This encompasses reservoir studies, meticulous development planning, rigorous field tests, and the establishment of essential infrastructure.
Strategic Refinery Connection
Greenflame boasts a direct pipeline connection to the proximate Petrotrin refinery. This efficient system facilitates seamless oil transfer, and currently operates at 67%, offering potential for increased collaboration.
Greenflame's Experienced Team
Our team, with 20 years in Trinidad & Tobago, possesses unmatched expertise. Their deep knowledge of the local scene and strong government ties give us a distinct industry advantage.
Harnessing Carbon Opportunities in Trinidad & Tobago
Trinidad & Tobago, a top global carbon emitter at 25.4 MT/person, mainly from natural gas, offers Greenflame a vast opportunity to reduce emissions and gain financially.
The consistent increase in the global carbon price indicates a burgeoning market, presenting lucrative opportunities for entities with a low-carbon strategy.
Greenflame's Carbon Capture Storage (CCS) Credits are uniquely positioned for both Voluntary and Compliance Markets, paving the way for substantial financial gains.
ETSs incentivize Carbon Capture and Storage, allowing Greenflame to benefit from reduced compliance obligations and the allocation of compliance units, translating to potential revenue streams.
: Greenflame's utilization of pipeline transport for high-pressure, high-concentration CO2 ensures not only environmental benefits but also cost savings, making its CCS operations more profitable.
Greenflame's MOU for carbon sequestration in Parrylands, Trinidad & Tobago offers a prime chance to monetize sequestered carbon in voluntary markets like the Gold Standard.
Financial Highlights
Greenflame Energy has secured a working interest of 75% in the oil produced subject to the following offsets:
Greenflame Energy has 75% interest in oil, promising strong returns.
High-purity CO2 from LNG plants significantly reduces capture costs, enhancing profitability.
Greenflame's deep formations boost CO2 sequestration and revenue.
Carbon Credit Market's value rivals oil; prices may surpass $100/MT.
