Emissions of carbon dioxide (CO
2) resulting from steam-driven enhanced oil recovery (EOR) operations present an environmental challenge as well as an opportunity to further enhance oil recovery. Using numerical simulations with realistic input data from field and laboratory measurements, we demonstrate a prudent approach to reduce CO
2 emissions by capturing CO
2 from steam generators of a steam-driven enhanced oil recovery (EOR) project and injecting it in a nearby oil field to improve oil recovery in this neighboring field. The proposed use of CO
2 as a water-alternating-CO
2 (WAG-CO
2) EOR project in a small, 144-acre, sector of a target limestone reservoir would yield 42% incremental EOR oil while sequestering CO
2 with a net utilization ratio (NUR) of 3100 standard cubic feet CO
2 per stock tank barrel (SCF/STB) of EOR oil in a single five-spot pattern consisting of a central producer and four surrounding injectors. This EOR application sequesters 135,000, 165,000, and 213,000 metric tons of CO
2 in five, ten, and twenty years in the single five spot pattern (i.e., our sector target), respectively. As a related matter, the CO
2 emissions from nearby steam oil recovery project consisting of ten 58-ton steam/hr boilers amounts to 119,000 metric tons of CO
2 per year with an estimated social cost of USD 440 million over 20 years. Upscaling the results from the single five-spot pattern to a four-pattern field scale increases the sequestered amount of CO
2 by a factor of 4 without recycling and to 11 with recycling produced CO
2 from the EOR project. Furthermore, the numerical model indicates that initiating CO
2 injection earlier at higher residual oil saturations improves EOR efficiency while somewhat decreases sequestration per incremental EOR barrel. The most significant conclusion is that the proposed venture is an economically viable EOR idea in addition to being an effective sequestration project. Other sources of CO
2 emissions in oil fields and nearby refineries or power generators may also be considered for similar projects.
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