FEED under way on Timor-Leste carbon capture and storage scheme

Santos has entered into the front-end engineering and design part for the proposed Bayu/Undan carbon seize and storage venture offshore Timor-Leste.

The Bayu/Undan CCS venture may probably completely retailer as much as 10 million tonnes of carbon dioxide each year, the Australian operator mentioned.

The thought is for carbon dioxide to be reinjected into the Bayu/Undan reservoir as soon as the sector has been completely shut down.

The FEED work will embrace engineering and design for extra CO₂ processing capability on the Darwin liquefied pure gasoline plant and repurposing of the Bayu/Undan offshore services for carbon sequestration operations.

Santos is working carefully with the Timor-Leste authorities in direction of the required agreements and regulatory framework required for the Bayu/Undan CCS venture.

The venture additionally wants agreements between the governments of Timor-Leste and Australia, and a few Australian regulatory preparations.

The ultimate funding resolution on Bayu/Undan CCS is focused for 2023.

Potential feedstock sources embrace the Santos-operated Barossa venture, and different undeveloped discoveries within the Timor Sea.

Santos chief govt Kevin Gallagher mentioned taking FEED builds on the rising momentum for the regional carbon discount venture.

“Positioned in Timor-Leste with potential CO₂ sources from Australian gasoline tasks and different industries within the Northern Territory, Bayu/Undan CCS may very well be the beginning of a priceless new carbon providers business for Timor-Leste.

“It could create new jobs and a brand new income stream for the nation as soon as gasoline manufacturing from Bayu/Undan ceases,” Gallagher mentioned.

“Entry into the FEED part has robust help from our 5 joint-venture companions headquartered in Japan, Korea and Italy. And final month, a gathering of the Timor-Leste and Australian prime ministers included a dedication by Australia to ascertain an LNG Partnership Fund to deepen hyperlinks between Australia and Timor-Leste in gasoline growth and commerce, together with in the usage of carbon seize and storage.

“With about 80% of the world’s vitality nonetheless coming from hydrocarbons, together with pure gasoline, and new provide funding nonetheless required to satisfy the world’s ongoing demand for these merchandise, it’s important that we decarbonise their manufacturing.

“CCS gives a large-scale, low-cost and everlasting technique to progressively make these fuels cleaner. CCS may even allow new clean-fuels industries corresponding to hydrogen which is able to dramatically scale back not solely Scope 1 and a pair of emissions, however Scope 3 emissions as effectively,” Gallagher mentioned.

Santos has a 43.4% operated curiosity within the Bayu/Undan and Darwin LNG tasks. Its companions are SK E&S holding 25%, Inpex with 11.4%, Eni on 11%, Jera holding 6.1% and Tokyo Gasoline with 3.1%.