Daily Newsletter

01 August 2024

Daily Newsletter

01 August 2024

bp partners with Indonesia’s ITB to enhance CCUS research and development 

The agreement encompasses feasibility studies designed to support the Tangguh CCUS Project and the development of the Tangguh CCS hub. 

Shivam Mishra August 01 2024

British energy major BP has partnered with the Bandung Institute of Technology (ITB) to further research and development in carbon capture, utilisation and storage (CCUS) in Indonesia.  

The agreement encompasses feasibility studies designed to support the Tangguh CCUS Project and the development of the Tangguh CCS (carbon capture and storage) hub.  

It was signed by Kathy Wu, bp regional president Asia-Pacific, gas and low-carbon energy, and I Gede Wenten, ITB vice director for research and innovation at IICCS 2024 in Jakarta on 31 July 2024. 

The Tangguh CCUS Project, claimed to be the most advanced of its kind in Indonesia, has the potential to inject more than 30 million tonnes of CO₂ back into the reservoir in its initial phase.  

This effort is expected to contribute to 5% of Indonesia's nationally determined contribution (NDC) in the energy sector, with an ultimate CO₂ storage capacity of approximately 1.8Gt.  

The six-year agreement between bp and ITB also includes scholarships for ITB Master’s and PhD students.  

Additionally, it provides support for infrastructure at the ITB Centre of Excellence for CCS and CCUS. 

Kathy said: “With the Tangguh CCUS and CCS hub projects, we aim to serve as a test model for future carbon capture and storage projects in Indonesia and Asia-Pacific.  

“Collaboration with prominent education institutions like ITB is crucial to help move the projects forward, advance CCS/CCUS implementation in Indonesia, and support the country’s energy security and emissions reduction agenda.” 

Wenten added: “We are proud partner of Tangguh in progressing CCUS and/CCS activities in Indonesia, in support of the country's drive towards decarbonisation. This cooperation also solidifies our journey of becoming a prominent international research and development centre for CCUS and CCS.” 

The Tangguh field is the said to be largest natural gas producer in Indonesia, with an average liquified natural gas production of 2.1 billion cubic feet per day, representing approximately one-third of the country's total gas output. 

bp holds a 40.22% stake in the Tangguh LNG project, with the remaining interests distributed among partners CNOOC Muturi, Indonesia Natural Gas Resources Muturi, KG Berau Petroleum, KGWiriagar Petroleum, MI Berau and Nippon Oil Exploration (Berau). 

Uncover your next opportunity with expert reports

Steer your business strategy with key data and insights from our latest market research reports and company profiles. Not ready to buy? Start small by downloading a sample report first.

Newsletters by sectors

close

Sign up to the newsletter: In Brief

Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Thank you for subscribing

View all newsletters from across the GlobalData Media network.

close