Policy status:In Force
Date Effective:2000
Policy Type:Economic Instruments>Fiscal/financial incentives, Research, Development and Deployment (RD&D)
Policy Target:
Agency:Natural Resources Canada (NRCan)
Description:The Government of Saskatchewan will provide C$ 2 million and the Government of Canada C$ 1 million (under the Action Plan 2000) to the Petroleum Technology Research Center (PTRC) to monitor the capture and storage of CO2 in the Weyburn (Saskatchewan) oil field. Approximately 5,000 tonnes per day of CO2 will be injected into the first phase of field development. Weyburn field is the first commercial project in the world where there will be the opportunity to begin monitoring prior to the first injection of CO 2 . It is also one of the best documented fields in the world - the regulations in place in Saskatchewan have resulted in one of the worlds most complete oil field databases. The intent is to bring together an international team of experts, which will work in partnership with PanCanadian to study the injection and fate of CO2 in the reservoir.

Last modified: Fri, 13 Jul 2012 14:52:31 CEST