USD 92.5919

+0.02

EUR 100.2704

-0.14

Brent 86.38

+0.69

Natural gas 1.742

+0.03

1452

Pertamina: Indonesia anticipates $500 million spend on carbon capture storage

Pertamina is drawing up a decarbonisation roadmap and CCUS is at the heart of these plans

Pertamina: Indonesia anticipates $500 million spend on carbon capture storage

Jakarta, November 9 - Neftegaz.RU. Indonesia's geology makes it uniquely suitable for deploying CCS technology, with several depleted oil & gas fields that could serve as suitable subsurface storage sites for CO2.
Daniel Purba, Pertamina's senior VP of corporate strategy, told CNBC Indonesia:
  • Our provisional estimate for investment needs is around $500 million, excluding operating costs that will be incurred during CCS operations
Last week, US major ExxonMobil signed a preliminary agreement with Pertamina to identify large-scale, low-carbon opportunities in Indonesia.
A MoU with Petamina extends to the potential for other low-carbon opportunities such as hydrogen.

The companies expect to identify geologic formations deep underground that could be suitable to safely store CO2, and the potential for safe, commercially viable utilization of CO2 by jointly examining subsurface data.

In October, GlobalData estimated that Indonesia is likely to start the operations of 27 midstream oil & gas projects between 2021 and 2025, mainly in transmission pipelines and liquids storage segments.
GlobalData oil & gas analyst Bhargavi Gandham noted:
Indonesia, being one of the largest economies in Southeast Asia, is witnessing strong demand for oil and gas from both industrial and residential segments

ExxonMobil, which set up a low-carbon solutions division in February, is focusing on building a carbon capture and storage business in Asia.
The company believes there is over 300 billion tonnes of storage capacity in Southeast Asia alone.

Follow us on Facebook
Advertising at neftegaz.ru

Subscribe to our newsletter

of the best materials Neftegaz.RU

* Incorrect E-Mail Address

By clicking the "Subscribe" button I accept the "Agreement on the processing of personal data"


Advertising at neftegaz.ru