Indonesia has begun work on its first carbon capture, utilisation and storage (CCUS) project, reported Reuters last week.
Located in West Papua province, the bp-operated project can store up to 1.8 gigatonnes (Gt) of carbon dioxide (CO2), according to a statement by Arifin Tasrif, Indonesian Energy Minister.
In September, an Indonesian Energy Ministry official revealed that bp will invest $2.6 billion in the project, with the first carbon injection expected in 2026. The company did not disclose an investment figure.
Equipped with an estimated carbon storage capacity of eight gigatonnes in depleted oil and gas reservoirs and 400 Gt in saline aquifers, Indonesia is looking to harness its potential for CCUS and carbon capture and storage (CCS).