CO2 Reduction & Electricity Savings Case Study
Example: 150 HP Electric Submersible Pump (ESP)
In the case of a SAGD well operating a 150 HP ESP, we compare the tonnes of carbon dioxide generated and emitted over the course of one year.
150 HP = 112 kW @ approximately 0.98 PF (power factor)
115 kW per hour x 8,760 hours (per year) = 1,007.4 MWh/ year
Based on CO2 emissions of 650 kg/ MWh, one 150 HP ESP puts out 654,810 kg/MWh/year, or
655 Tonnes of CO2 emissions per year
Equivalent to 119 cars* (emitting 5.5 Tonnes of CO2 per year)
*Data is based on Chrysler Sebring 2010, 6-cyl 2.7L driving 23,000 km in one year (carbonfootprint.com)
Carbon offset cost:
1 tonne of CO2 = $50.00 per tonne (based on Canada's proposed Federal GHG Offset System)
655 tonnes x $50 = $32,750 in carbon offset
Electricity cost:
$50/MWh (average pool price, https://www.aeso.ca/market/market-and-system-reporting/)
1,007.4 MWh/year x $50/MWh = $50,370 in cost of electricity
Total annual cost: $32,750 + $50,370 = $83,120
The total annual operating cost of a 150 HP ESP is approximately $83,120 CAD, whereas the LiftPlus System does not emit carbon dioxide nor does it require external energy input to operate; energy is harnessed from existing plant systems, which is otherwise let down or wasted.