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Woodside-led JV given GHG assessment permit

1st September 2022

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

     

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PERTH (miningweekly.com) – A joint venture (JV) between energy majors Woodside Energy, BP, Shell Australia, Chevron Australia, and Japan Australia LNG (MIMI), which is owned equally by Mitsubishi Corporation and Mitsui & Co, have been awarded the greenhouse gas (GHG) assessment permit (G-10-AP) in the Northern Carnarvon basin, offshore Western Australia.

The permit, located approximately 125 km northwest of Dampier, covers an area of 1 775 km2 and contains the depleted Angel gasfield.

Woodside said on Thursday that the JV had extensive existing data and knowledge of the field following decades of petroleum exploration and production.

The permit award represents an important milestone for the JV as it continues to assess the technical, regulatory and commercial feasibility of capturing carbon emitted by multiple industries located near Karratha, in Western Australia.

The JV will now pursue evaluation and appraisal work to investigate the potential for the geological storage of carbon dioxide in the permit area. A multi-user carbon capture and storage (CCS) project near Karratha would be ideally located to aggregate emissions from various existing sources, Woodside told shareholders.

The company added that it would also have the potential to facilitate the development of new lower-carbon industries, such as the production of hydrogen and ammonia, by providing a local solution for emissions.

The size of the CCS facility is subject to the completion of additional technical, regulatory and commercial studies, but notionally it could have a processing capacity of up to 5-million tonnes of carbon dioxide a year.

Woodside CEO Meg O’Neill welcomed the award of the permit as another key step towards the development of a pioneering, multi-user CCS project near Karratha.

“The successful deployment of CCS in Western Australia has the potential to create new jobs, protect current jobs and contribute to achieving GHG emission reduction targets.

“For Woodside, it will be an important addition to our portfolio of carbon management options, as we work towards our own aspiration of net zero by 2050,” she said.

BP VP for Australia gas and low carbon energy Rachael Risucci said it was a fantastic opportunity for BP, working alongside its JV partners, to leverage its deep global expertise and explore the establishment of a large-scale, multi-user CCS hub to help decarbonise hard-to-abate sectors, and underpin Australia’s energy transition.

Shell Australia country chairperson Tony Nunan added that Shell believed that CCS would be essential for helping society achieve net-zero emissions, particularly for sectors of the economy that are hard to decarbonise.

“Based off the coast of Western Australia, the project will support both the Western Australian and Australian economies as they transition to a low-carbon future, and Shell is pleased to be working in collaboration with our partners and government to play a role in that.”

Chevron Australia MD Mark Hatfield also noted that Chevron had a unique set of capabilities, assets and customer relationships to support the further deployment of CCS in Australia.

“Collaboration within the industry, as well as with government and customers, is going to be key in the development of this critical emissions reduction technology and we look forward to working with our JV partners as we investigate the potential of this permit area.”

Woodside, BP, MIMI, Shell and Chevron will each hold a 20% participating interest in the permit, with Woodside as operator.

Edited by Creamer Media Reporter

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