June 18, 2024
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OIL & GAS

Indonesia Launches BP’s First Carbon Storage Project

Indonesia’s President Joko Widodo has inaugurated the construction of a carbon capture, utilisation, and storage (CCUS) project in West Papua province, operated by BP. This marks Indonesia’s first carbon storage project, with the potential to store up to 1.8 gigatonnes of carbon dioxide.

BP is set to invest $2.6 billion in the project, according to previous statements by an energy ministry official.

The CCUS project follows the completion of BP’s $4.83 billion Tangguh Train 3 liquefied natural gas (LNG) project in West Papua.

Indonesian energy ministry data shows there are currently 15 CCS and CCUS projects in various stages of preparation in the country with a combined investment of nearly $8 billion, including BP’s project.

Indonesia aims to develop CCUS and carbon capture and storage (CCS) at a world-class scale, leveraging its estimated carbon storage capacity.

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