Following recent media coverage, SaskPower has today confirmed to PTRC that it remains fully committed to the Aquistore project, and the research and monitoring program managed by PTRC.
The installation of wells and other infrastructure at the Aquistore site cost approximately 15% more than predicted, owing to technical factors including the unexpected depth of the wells and complications with the cementing of the second well. The safety of the wells remained an absolute priority during site works. Consequently, the project has a current net deficit of $3m, as reported by PTRC. The Aquistore project recorded a deficit of $5.9m during the 2012/3 financial year, but this figure does not allow for committed funding that is due for future payment.
With the transfer of site infrastructure to SaskPower ahead of injection operations, and with future funding opportunities, PTRC has complete confidence that the research and monitoring program will be completed in 2017 as planned.
The Aquistore project offers PTRC another outstanding research opportunity, building on the success of the IEAGHG Weyburn-Midale project, and we are proud to support SaskPower’s ground breaking CCS project at Boundary Dam.
Source: Aquistore
Source: Aquistore