Pertamina, ExxonMobil Exploring Carbon Capture Storage in Indonesia

Tuesday, November 2, 2021

Indonesian state-owned oil and gas company PT Pertamina and American energy giant Exxon Mobil Corp signed an agreement on Tuesday to look at ways to use carbon capture storage (CCS) in the Southeast Asian country.

A memorandum of understanding (MoU) was signed during the two-week COP26 summit in the Scottish city of Glasgow.

The two firms agreed to "evaluate the potential for large-scale deployment of low-carbon technologies in Indonesia," ExxonMobil said in a statement.

"We are evaluating large-scale carbon capture and storage projects that have the potential to make the greatest impact in the highest-emitting sectors around the world," said Joe Blommaert, president of ExxonMobil Low Carbon Solutions.

"And there are opportunities in Indonesia and throughout Southeast Asia."

CCS traps emissions and buries them underground but is not yet at the commercialization stage.

Exxon Mobil aims to build CCS hubs across Asia https://reut.rs/31nDScl, and one in Southeast Asia that is similar to a CCS facility it has also proposed to set up in Houston, Texas.

Advocates of CCS see the technology as being essential to help meet net zero emissions and key to unlocking large-scale economic hydrogen production.

Critics, however, say CCS will extend the life of dirty fossil fuels.

Indonesia, the world's eighth-biggest carbon emitter, recently brought forward its goal for net zero emissions from 2070 to 2060 or sooner.

"The use of CCS technology is part of Pertamina's energy transition to clean energy," Pertamina CEO Nick Widyawati said in a separate statement.

Dwi Soetjipto, head of Indonesia's upstream regulator SKK Migas, said last month its mega Cepu block in East Java would be a potential location for ExxonMobil's CCS project. "This CCS collaboration is a step towards making it happen," Soetjipto said on Tuesday. 

(Reporting by Fathin Ungku and Bernadette Christina Munthe; Editing by Martin Petty)

Categories: Engineering Activity Asia Decarbonization

Related Stories

Russia Targets 2028 for Sakhalin-3 Gas Project Start Up

MDL Secures Cable Laying Job in Asia Pacific

Yinson Production Nets DNV Approval for New FPSO Hull Design

Petronas to Leverage AI to Expedite Oil and Gas Exploration Activities

POSH Set to Tow Nguya FLNG from China to Eni’s Congo Field

Chinese Contractor Secures Offshore Oil and Gas ‘Mega Deal’ from QatarEnergy

Saipem Bags $1.5B Contract for Türkiye Largest Offshore Gas Field

TotalEnergies Inks 10-Year LNG Supply Deal with South Korea’s KOGAS

CIP, Petrovietnam Team Up for Offshore Wind Project in Vietnam

MODEC, Carbon Clean to Advance FPSO-Mounted Carbon Capture Tech

Current News

MODEC Ramps Up Hammerhead FPSO Work After ExxonMobil's Go-Ahead

Aesen, DOC JV Targets Subsea Cable Logistics

Timor Gap Boosts Stake in Finder Energy’s Timor-Leste Oil Fields

SBM Offshore Starts Construction of FSO for Trion Oil Field off Mexico

Russia Targets 2028 for Sakhalin-3 Gas Project Start Up

Seatrium Secures ABS Backing for Deepwater FPSO Design

MDL Secures Cable Laying Job in Asia Pacific

Hibiscus Petroleum Starts Drilling at Teal West Field off UK

Yinson Production Nets DNV Approval for New FPSO Hull Design

Hanwha Ocean's Tidal Action Drillship Starts Maiden Job with Petrobras

Subscribe for AOG Digital E‑News

AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

https://accounts.newwavemedia.com