CO2 Storage Resource Management System (SRMS)

This eLearning course provides an overview of the Storage Resource Management System (SRMS) adopted by the Society of Petroleum Engineers, which is analogous to the PRMS system used to define Petroleum Reserves. It also discusses the evaluation matrix defined by the SRMS, which defines the range of uncertainty of a storage resource against a range of commerciality.

Target Audience

Designed for technical or non-technical audiences, including engineers, geoscientists, finance, accounting, and operations professionals who want a basic understanding of the project life cycle, the fundamentals of CO2 capture and technology readiness, and transportation options.

You Will Learn

• Define the purpose of the SRMS and explain its significance in CO₂ storage projects
• Identify the core components of the SRMS Guidelines, including classifications and requirements
• Describe the relative maturity of a CCS project and storage component using the SRMS guidelines
• Understand the origin and purpose of the SRMS
• Understand the significance of the discovered and undiscovered resource classifications in evaluating storage sites
• List the requirements for a CO₂ storage project to achieve commercial status
• Describe the analysis and criteria for a project to move from sub-commercial to commercial status
• Define the relative maturity of the undiscovered sub-categories of prospect, lead and play
• Define the characteristics of "Capacity," "Contingent," and "Prospective“ storage resources
• Describe the criteria for classifying CO₂ storage projects as "Prospective," "Contingent," or "Capacity“
• Understand the key contingencies that prevent “Contingent Resources” from being classified as “Capacity”
• Apply the commerciality test criteria for a CCS project to determine capacity

Course Content

• Introduction to Storage Resource Management Systems
• Classification of Storage Resources
• Capacity, Contingent, and Prospective Resources

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