Oxy has long history in operating CCUS (EOR) fields, but no experience at all in CCS. How does Oxy compare to Exxon in terms of CCS efforts?
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Both are making gross miscalculated assumptions about pore space available to dispose CO2 and the pressure it will take to inject it in. They all should adhere to the new SRMS standard and start being more open to show numbers, just like they do with reserves.
Exxon has many, many years of CCS experience. Wait, no they don’t.