The Indonesian state-owned energy company Pertamina has partnered with the US oil and gas groups ExxonMobil and Chevron to invest in carbon capture and storage (CCS) facilities in Indonesia. Pertamina and ExxonMobil have agreed to carry out evaluations for US$2bn in investments in CCS facilities using two underground basins in the Java Sea, which have the potential to store at least 3 GtCO2 emitted by industries in Indonesia and the broader South-East Asia region. ExxonMobil is also considering developing a petrochemical project in the country.
Pertamina, through three of its units, has also agreed to share information with Chevron to potentially develop either CCS or carbon capture utilisation and storage (CCUS) facilities in Indonesia’s East Kalimantan region.
Indonesia is estimated to have a carbon storage capacity of 8 Gt in its depleted reservoirs, while an additional 400 Gt of capacity could be available if the country uses its saline aquifers.