Join us for an overview of SPE’s newly updated CO2 Storage Resources Management System (SRMS), a system that provides the carbon capture, utilization, and storage (CCUS) community with a standard for storage resources classification and categorization. The SRMS provides a consistent approach to estimate storable quantities and evaluate the commerciality of projects and presents results in a comprehensive classification framework. It provides stakeholders (governments, regulators, financial entities, etc.) a means for understanding confidence in the storage resources for their use and allow comparing and contrasting CO2 storage estimates based on project maturity and geologic certainty. It also provides context for an investment and tracking the performance of the investment. The expert moderator and panel of speakers will share and discuss how the 2025 SRMS built on the 2017 system, the key changes from the previous version, and will review the applicability of the SRMS at a high level.

Moderated by Scott Frailey, Principal Reservoir Engineer at Illinois Geologic Survey

Speakers: 

• Sylvain Thibeau, CO2 Geological Storage Expert at TotalEnergies

• Daniel DiLuzio, Vice Chair of Chevron’s Storage Advisory Committee