Indonesia approves Obadari natural gas field, Vortata carbon project

The Mitsubishi Corporation logo will be displayed on April 26, 2016, at the company’s headquarters in Tokyo, Japan. REUTERS / Issei Kato

TOKYO, Aug. 30 (Reuters) – Mitsubishi Cor (8058. T) and other Japanese companies said on Monday that an Indonesian regulator had approved plans to develop the Obadari natural gas field and increase its use of carbon footprint and storage in the Vorta gas field. (CCUS).

Indonesia Basin Oil and Gas Superintendent SKK Migas approves development plan for Ubadari Field in Ibadan and Vorta SCC. .

He said the new development has the potential to further recover 1.3 trillion cubic feet of gas from the new Obadari field and the upgraded Vortata field.

The approval comes as pressure from around the world pushes for global warming to reduce carbon dioxide emissions.

The Tanggui LNG project currently produces 1.4 billion cubic feet (BCFD) of gas per day on two LNG trains, and the train currently under construction will reach 2.1 bcfd once.

The Tanggui project is operated by BP with a 40.2% stake on behalf of China’s CNOOC (0883.HK), Japan’s Mitsubishi, Japan’s Inpex Corporation (1605. T) and other state-owned oil sharing contract partners. , Gas and Metals National Corporation (JOGMEC).

They plan to import up to 25 million tons of carbon dioxide to eliminate carbon emissions and increase domestic gas production through improved gas recovery.

He said the CO2 injection removes up to 90% of the CO2 associated with the reservoir, which represents about half of the TNG.

The companies plan to launch FEED for Ubadari Field Development and Vorta CCS by mid-2022, with the final investment decision to launch the project in 2026.

“The Vorwata CCUS-EGR project will be an important milestone for BP, which has the potential to contribute significantly to our mission to reduce emissions,” said Davy Sanal, executive vice president of gas and low carbon emissions. on Monday.

Report in Jakarta by Yuka Obayashi and Bernadette Christina Munte in Tokyo

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