HEARTLAND AREA REDWATER CO2 STORAGE PROJECT(HARP): A STUDY OF CO2 STORAGE ECONOMICS. Heather Campbell, ARC Resources Ltd., Phone: +1 403 509 6416, email: hcampbell@arcresources.com Brent Lakeman, Alberta Innovates Technology Futures, Phone: +1 780 450 5274, email: Brent.Lakeman@albertainnovates.ca Overview HARP (Heartland Area Redwater CO2 Storage Project), is a two stage demonstration project designed to validate the suitability of the Redwater Leduc carbonate reef for safe, long-term storage of CO2. HARP is a joint initiative between ARC Resources Ltd, Alberta Innovates Technology Futures, with funding from the Alberta and Canadian governments and several industry partners. A driver of the HARP Project was development of a low cost CO2 storage site. Initial plans to appraise the Redwater reef for potential CO2 storage recognized: the resevoir’s potential for containment of large volumes of CO2, the reservoir’s potential to accommodate high rates of CO2 injection, and potential synergies with ARC Resources Ltd. prorprietary plans for CO2 enhanced oil recovery within the region. Initial physical characteristics observed of the Redwater reef (relative shallowness of the formation, natural containment within the reef structure, and the reservoir’s close proximity to current and forecast large final emitters of CO2 emissions) indicated HARP’s potential for strong economic viability as a CO2 storage project. The HARP Project has employed six (6) key criteria for geological storage: capacity, injectivity, containment, resource protection, economics, and location as suitable storage criteria in the evaluation of the Redwater Leduc reef. Through these key geological storage criteria, it has been determined that HARP is strategically located, is one of the best and most advanced projects within North America, and will be one of, if not the most economic (least cost) CO2 storage projects in Canada. Methods A phased pilot CO2 storage project, moving from detailed site characterization through to pilot-scale CO2 injection with a goal to scale the project up to a commercial-scale site for long-term CO2 storage. Results Determinations for each of the six geological storage criteria demonstrating the economic impact of each criterion on the overall CO2 storage project economics. Conclusions Through the evaluation of the six key geological storage criteria, it has been determined that HARP is strategically located, is one of the best and most advanced projects, and will be one of, if not the most economic CO2 storage projects in Canada. References [Format: single space, 10 point font Times New Roman]