ExxonMobil and Pertamina team up for CCS in Indonesia

ExxonMobil and Pertamina team up for CCS in Indonesia

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.