Abstract
Carbon Capture and Storage (CCS) is a relatively young industry. In 2017 the SPE published the CO2 Storage Resource Management System (SRMS), as a framework for stakeholder communication. In 2022 it published the first SRMS Application Guidelines. However, working examples where the SRMS is used to communicate project status in the public domain are limited.
In 2023 the authors of this paper referred to the SRMS as the standard to complete a Competent Person's Report – a term used in the United Kingdom (UK) for an independent expert report designed to be shared with stakeholders to communicate the risk, uncertainty and commerciality of projects. This was believed to be the first application of the SRMS as a reporting tool to European equity markets.
While applying the SRMS, challenges were identified when using it as a tool for stakeholder communication.
This paper describes innovations developed to relate the SPE SRMS in a UK Competent Person's Report. First, a flowchart was developed to explain a key interpretation of the SRMS. Next a defined framework of technical milestones was developed to assess the maturity of a given technical topic within the SMRS. This was combined with radial data visualization. The combination allowed multiple storage sites to be compared simultaneously, and allowed a stakeholder to quickly identify what the maturity of technical analysis is for any given site.
We conclude that in the rapidly expanding space of CCS stakeholder engagement, the SRMS can play an important role. However, each user of the SRMS may interpret it differently and future implementation gaps will likely be identified. It is recommended that new methods of communicating SRMS challenges to the SPE be adopted, for rapid responses from the SPE to users and more consistent application of the SRMS across the globe.
