PTTEP And Inpex To Explore Carbon Capture And Storage (CCS) Potential In The Gulf Of Thailand.

Written by Paulo Nogueira

Published on 05/01/2024 at 06:30

Updated on 05/01/2024 at 06:31

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PTT Exploration and Production (PTTEP) and Inpex Come Together to Conduct a Study on the Potential for Carbon Capture and Storage.

The Thai oil and gas company, PTT Exploration and Production (PTTEP), has partnered with Japan’s Inpex to conduct a study on the potential for Carbon Capture and Storage (CCS) in the Gulf of Thailand.

The study is expected to lay the groundwork for the potential development of a CCS center in Thailand’s Eastern Economic Corridor (EEC). Investment in CCS is an important measure for reducing carbon emissions and meeting international environmental commitments.

PTTEP and Inpex will share their knowledge and experience in CCS within the framework of international collaboration between the Thai Department of Mineral Fuels (DMF) and the Japan Organization for Metals and Energy Security (JOGMEC). This type of cooperation is essential to advance carbon capture and storage technologies.

ARTICLE CONTINUES BELOW

The Potential for Carbon Capture and Storage in Thailand

We have unique knowledge of the subsurface of the Gulf of Thailand and experience in the CCS initiative at the Arthit gas field. Combined with Inpex’s international experience in implementing CCS projects, we believe that the outcome of the study will equip Thailand with the necessary knowledge and information to outline the infrastructure and development plan for CCS, especially the central CCS initiative for the EEC, as CCS is one of the promising pathways that could substantially reduce carbon emissions from the industry and keep the country’s greenhouse gas net-zero targets within reach,’ said Montri Rawanchaikul, CEO of PTTEP.

Advances in the CCS Feasibility Study in Thailand

Meanwhile, PTTEP is leading the CCS feasibility study in Eastern Thailand of the PTT Group, a central initiative in the EEC aimed at reducing CO2 emissions from the group’s operational facilities in Rayong and Chonburi provinces, as well as nearby industrial areas, utilizing CCS technology and the storage potential in the Gulf of Thailand.

Implementation and Operation of the CCS Project

PTTEP is also progressing with the first CCS project in Thailand, in the Arthit gas field in the Gulf of Thailand. With the Front-End Engineering Design (FEED) phase now completed, PTTEP expects to begin CCS operations at the Arthit field in 2027 to reduce 700,000 to 1,000,000 tons of CO2 per year from gas production.

Geological Advances and Greenhouse Gas Emission Targets

The outcome of the CCS study in the EEC, at the Arthit field and the CCS exploration project in the Gulf of North Thailand, will deepen geological knowledge about storage capacity and help Thailand achieve its goal of net-zero greenhouse gas emissions by 2065.

PTTEP Hires Honeywell for Offshore CCS Project in Thailand

Technology Energy Geosciences Industry News Activity Asia Carbon Capture CCS

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PTTEP And Inpex To Explore Carbon Capture And Storage (CCS) Potential In The Gulf Of Thailand.

PTT Exploration and Production (PTTEP) and Inpex Come Together to Conduct a Study on the Potential for Carbon Capture and Storage.

The Potential for Carbon Capture and Storage in Thailand

Advances in the CCS Feasibility Study in Thailand

Implementation and Operation of the CCS Project

Geological Advances and Greenhouse Gas Emission Targets

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PTTEP And Inpex To Explore Carbon Capture And Storage (CCS) Potential In The Gulf Of Thailand.

PTT Exploration and Production (PTTEP) and Inpex Come Together to Conduct a Study on the Potential for Carbon Capture and Storage.

The Potential for Carbon Capture and Storage in Thailand

Advances in the CCS Feasibility Study in Thailand

Implementation and Operation of the CCS Project

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While in Brazil a 10-story building takes 2 years to complete, in China a company stacks pre-fabricated modules and raises the entire building in just 28 hours and 45 minutes.

An entire island in the Pacific wants to surround itself with a colossal barrier against the ocean to try to escape increasingly violent waves and not be swallowed by the sea in the coming decades.

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