This paper discusses several key topics related to Carbon Capture Utilization and Storage (CCUS). First, we discuss the forces requiring global carbon reduction. Then we discuss the energy transition and the key role of CCUS. Finally, we discuss the economics of different carbon capture and sequestration options and show why enhanced oil recovery related sequestration can be an optimal solution. We show that this potentially can form the best path for the energy industry and a reasonably well posed problem for geological and geophysical long-term storage and monitoring. Finally, we discuss the potential of CO2 for enhanced oil recovery (EOR) in unconventional resources.

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