iklan

BUSINESS, NATIONAL, CAPITAL, DILI

CCS project to be the solution for gas run out in Bayu-Undan field

CCS project to be the solution for gas run out in Bayu-Undan field

PreMinerál, Florentino Soares Ferreira

DILI, January 6 2022 (TATOLI)-Timor-Leste will utilize the Bayu-Undan field for the Carbon Capture Storage project as a solution for the gas run out in the field, in the near future.

“We will inject the carbon dioxide (CO2) into the gas reservoir of Bayu-Undan when the field is no longer producing gas”. The President of the National Authority of Petroleum and Minerals (ANPM), Florentino Soares Ferreira told TATOLI, at his office, in Dili, on Thursday.

He said the CCS project is part of the government’s commitment to contribute to solving climate change: “It’s a good commitment to reduce the amount of CO2 in the atmosphere.”

The project will put Timor-Leste on the world map as one of the leading countries in the decarbonization efforts towards a net-zero target by 2050: “CCS project would demonstrate Timor-Leste’s commitment to the net-zero emission.” He said.

“We will inject 10 million tons of CO2 per year, which is considered to be one of the biggest in the world. This project would surprise many oil-producing countries across the world as a tiny nation like Timor-Leste could come up with such a big project,” he said.

“Therefore, we will be using some of existing facilities of the Bayu-Undan for the CCS project once the Bayu-Undan field is partially dismantled in near future.”

He said several oil reservoirs in Australia require specific treatments for the CO2 injection, saying, therefore, Timor-Leste’s CCS project would be the alternative solution as the Bayu-Undan reservoir is suitable for the CCS project.

He said many companies have shown interest to invest in the CCS project in Bayu-Undan.

“The Bayu-Undan field would be dismantled in 2024 or 2025 if production is ceased,” he said.

The government and the oil companies had forecasted US$1.2 billion for dismantling the Bayu-Undan field.

On September 13th, 2021, Australia’s Santos signed a memorandum of understanding (MoU) with Timor-Leste’s regulator ANPM to progress a carbon capture and storage (CCS) project, estimated to cost US$1.6 billion, at the aging Bayu Undan field in the Timor Sea.

 

Journalist: Filomeno Martins

Editor: Nelia Borges Rosario

iklan
iklan

Leave a Reply

iklan
error: Content is protected !!