Calendar An icon of a desk calendar. Cancel An icon of a circle with a diagonal line across. Caret An icon of a block arrow pointing to the right. Email An icon of a paper envelope. Facebook An icon of the Facebook "f" mark. Google An icon of the Google "G" mark. Linked In An icon of the Linked In "in" mark. Logout An icon representing logout. Profile An icon that resembles human head and shoulders. Telephone An icon of a traditional telephone receiver. Tick An icon of a tick mark. Is Public An icon of a human eye and eyelashes. Is Not Public An icon of a human eye and eyelashes with a diagonal line through it. Pause Icon A two-lined pause icon for stopping interactions. Quote Mark A opening quote mark. Quote Mark A closing quote mark. Arrow An icon of an arrow. Folder An icon of a paper folder. Breaking An icon of an exclamation mark on a circular background. Camera An icon of a digital camera. Caret An icon of a caret arrow. Clock An icon of a clock face. Close An icon of the an X shape. Close Icon An icon used to represent where to interact to collapse or dismiss a component Comment An icon of a speech bubble. Comments An icon of a speech bubble, denoting user comments. Ellipsis An icon of 3 horizontal dots. Envelope An icon of a paper envelope. Facebook An icon of a facebook f logo. Camera An icon of a digital camera. Home An icon of a house. Instagram An icon of the Instagram logo. LinkedIn An icon of the LinkedIn logo. Magnifying Glass An icon of a magnifying glass. Search Icon A magnifying glass icon that is used to represent the function of searching. Menu An icon of 3 horizontal lines. Hamburger Menu Icon An icon used to represent a collapsed menu. Next An icon of an arrow pointing to the right. Notice An explanation mark centred inside a circle. Previous An icon of an arrow pointing to the left. Rating An icon of a star. Tag An icon of a tag. Twitter An icon of the Twitter logo. Video Camera An icon of a video camera shape. Speech Bubble Icon A icon displaying a speech bubble WhatsApp An icon of the WhatsApp logo. Information An icon of an information logo. Plus A mathematical 'plus' symbol. Duration An icon indicating Time. Success Tick An icon of a green tick. Success Tick Timeout An icon of a greyed out success tick. Loading Spinner An icon of a loading spinner.

ExxonMobil and Pertamina team up for CCS in Indonesia

Exxon Mobil Corp. signage is reflected in a puddle at a gas station in Nashport, Ohio, U.S., on Friday, Jan. 26, 2018. Exxon Mobil Corp. is scheduled to release earnings figures on February 2. Photographer: Ty Wright/Bloomberg
Exxon Mobil Corp. signage is reflected in a puddle at a gas station in Nashport, Ohio, U.S., on Friday, Jan. 26, 2018. Exxon Mobil Corp. is scheduled to release earnings figures on February 2. Photographer: Ty Wright/Bloomberg

ExxonMobil (NYSE:XOM) and Pertamina will together evaluate large-scale carbon capture and storage (CCS) opportunities in Indonesia.

The pair said yesterday that they will identify potential subsurface carbon dioxide (CO2) storage sites and study the feasibility of transporting CO2 in Southeast Asia after signing an agreement near Glasgow, Scotland, where world leaders have gathered to discuss climate policies during COP 26 this week.

Last month Energy Voice reported that ExxonMobil is planning a carbon capture utilisation and storage (CCUS) project at its giant Cepu block in East Java, Indonesia. ExxonMobil operates the Cepu block with a 45% interest. Pertamina is also a major shareholder with 45% interest.

“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, and there are opportunities in Indonesia and throughout Southeast Asia,” said ExxonMobil yesterday.

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

The Memorandum of Understanding strengthens a decades-long strategic partnership between ExxonMobil and national oil company Pertamina, and has the objective of advancing Indonesia’s net-zero ambitions, claimed ExxonMobil.

ExxonMobil eyes huge CCS potential in Southeast Asia

The International Energy Agency (IEA) projects that carbon capture and storage could mitigate up to 15% of global emissions by 2040, and the UN Intergovernmental Panel on Climate Change estimates global decarbonisation efforts could be twice as costly without its wide-scale deployment.

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

Recommended for you

More from Energy Voice

Latest Posts