A comprehensive feasibility evaluation of salt cavern oil energy storage system in China

Large-scale underground oil storage has a great effect on national energy safety. China's oil dependency has exceeded 70% for four consecutive years, so it is necessary for China to build strategic oil storage. The salt cavern is a good medium to store oil, and it is widely used in foreign countries. China is rich in salt mines and has basic conditions for building salt cavern oil storage (SCOS). In this paper, the necessity and advantages of SCOS are analyzed, the salt rock mechanics experiments of SCOS are conducted, the geological feasibility evaluation model is built, the 3D numerical creep stability model in three working conditions (long-term, oil pressure dynamic, injection and production) is built, and the economic feasibility evaluation model is built. The results show that the implementation of SCOS in China is feasible, the earthquake (51%) and fault (28%) have a great effect on geological selection, the SCOS has good stability under three working conditions, the storage cost of SCOS is lower by 64.3% and 84.3% contrasted to rock cavern and storage tank in 2025. The study has a reference value for the development of SCOS in China.