Offshore staff
ADELAIDE, Australia — Santos has secured permits from the conduct evaluation and appraisal work for the potential storage of CO2 offshore Western Australia.
The company has a 50% operated share of the G-9-AP permit in the Carnarvon Basin, covering an area of 3,589 sq km, in partnership with Chevron Australia (50%).
As for the 26,239-sq-km G-11-AP permit in the Bonaparte Basin, Santos Offshore operates with 40% supported by Chevron Australia (30%) and SK E&S (30%).
The partners will assess the storage potential based on understanding of the subsurface geology.
Managing Director and CEO Kevin Gallagher said, “Santos is working toward developing its three-hub CCS strategy across our operating footprint in Australia and Timor-Leste, and the award of these permits represents further demonstration of our commitment to that strategy.
“In the Carnarvon Basin, the [G-9-AP] permit creates potential new acreage for CCS beyond our Reindeer fields. This is particularly significant as our plans for a WA CCS hub at Reindeer and Devil Creek develop.
“The other permit [G-11-AP] is significant in size…Its proximity to our Bayu-Undan CCS project, which has the potential to be one of the largest CCS projects in the world, is important as we look to build our Northern Australia and Timor-Leste CCS hub.”
Santos’ first CCS project will be at Moomba onshore Queensland. It is 20% complete, with 100 MM metric tons of CO2 capacity and contingent resources already booked.
In addition, Santos’ Bayu-Undan CCS project entered the FEED phase earlier this year.
09.06.2022
