BP operates Tangguh with 40.22% interest, with MI Berau BV holding a 16.3% interest, CNOOC Ltd. holding a 13.9% and Nippon Oil Exploration Ltd. holding a 12.23% interest. (Source: Shutterstock)
BP announced Nov. 22 a final investment decision (FID) on the $7 billion Tangguh Ubadari, CCUS and Compression (UCC) project, which has the potential to unlock 3 Tcf of gas resources in Indonesia.
The UCC project, located in the Ubadari gas field development, will implement enhanced gas recovery through carbon capture, utilization and storage (EGR/CCUS) and onshore compression. It is the first CCUS project developed at scale in Indonesia.
The project will use existing infrastructure at the Tangguh LNG facility in Papua Barat, Indonesia, and has the potential for sequestering around 15 million tonnes per annum of CO2 from Tangguh’s emissions in its initial phase.
Once completed, Tangguh EGR/CCUS itself will have three injection wells, one offshore injection platform, one offshore CO2 pipeline and onshore facilities for CO2 removal, processing and compression.
Production at the Ubadari field is expected to start in 2028.
BP operates Tangguh with 40.22% interest, with MI Berau BV holding a 16.3% interest, CNOOC Ltd. holding a 13.9% and Nippon Oil Exploration Ltd. holding a 12.23% interest. KG Berau Petroleum Ltd. holds an 8.56% interest, Indonesia Natural Gas Resources Inc. holds 7.35% and KG Wiriagar Petroleum Ltd. holds the remaining 1.44%.
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