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Transactions - AUGUST 30, 2021

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Major carbon capture project to be delivered in Indonesia

by Kali Persall

Indonesian oil and gas regulator SKK Migas has approved BP’s plan to develop a carbon capture utilization and storage (CCUS) project at the Tangguh LNG export complex in Indonesia, which could make it “one of the lowest greenhouse gas intensity LNG plants in the world,” according to Energy Voice.

The development will enable about 25 million tons of carbon dioxide to be injected back into the Vorwata reservoir. The new development could allow for an additional recovery of 1.3 trillion cubic feet of gas from both the Ubadari field and Vorwata CCUS project, according to BP.

BP and its partners will still need to take a final investment decision and secure additional approvals from SKK Migas relating to technical aspects of the project. Engineering and design work is expected to begin in mid-2022, with the project to commence operations in 2026.

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