Conventional Sources of energy are depleting at an alarming rate which give us unconventional resources as an only
option for energy source. Unconventional sources of energy like Shale gas, tight gas, Coal bed methane are difficult to
exploit as compared to the conventional sources of energy. Hydraulic Fracturing is the well stimulation technique used for
exploitation and production of these unconventional resources. Foam fracturing is the most opted stimulation technique
for low permeability shallow wells because of its reduced damage potential to reactive and sensitive formations. This
research paper discusses about the evaluation of attempt made to develop an eco-friendly CO2 foam based fracturing
fluid which can be used at HPHT conditions for shale reservoirs by Grafting Copolymerization. The graft copolymer
was developed by free radical polymerization of Gum Acacia (GA) and Lactic acid (LA) by using Potassium Persulphate
(KPS) as an initiator and its characterization was done by FESEM and FTIR analysis. Then, the grafted copolymer
(GA-g-LA) was processed with CO2 foam based fracturing fluid as an additive. Lecithin is used to emulsify brine and
liquid CO2. The effect of graft copolymer was on rheology and stability of the formulated foam based fracturing fluid
is evaluated as a function of surfactant concentration. The results are compared with the conventional foam based
fracturing fluids. The results showed that grafted copolymer has increased the stability of the formulated fracturing
fluid at high temperatures. Use of grafted copolymer results in higher viscosity and proppant carrying capacity which
is beneficial for HPHT fracturing conditions. The results of the core flood studies were evaluated on a shale sample
to determine its return permeability and it was comparable to non-foam based fracturing fluid.