Chevron Corporation has been awarded a greenhouse gas (GHG) assessment permit in Western Australia, allowing the company to explore the area for potential carbon capture storage (CCS) sites.
Located offshore from Onslow Pilbara, the permit covers an area of approximately 8467km2 with water depths of 50-1100m. The area will be evaluated as part of a hub for storing third party emissions, including those from Chevron’s operated liquified natural gas assets.
Chevron will hold a 70 per cent participating interest in the permit, and Woodside Energy will hold a 30 per cent participating interest. Chevron will also farm down five per cent of its equity to GS Caltex if its permit entry is approved.
“These opportunities have the potential to help us lower the carbon intensity of our own operations as well as provide opportunities to help our customers reduce or offset emissions from their activities,” Chevron Australia managing director Mark Hatfieldsaid.
Chevron currently operates one of the world’s largest carbon capture projects, the Gorgon CCS. The new award has the potential to expand Chevron’s CCS assets as the oil and gas industry works to develop the technology and reduce carbon emissions during production.
“Chevron, along with our joint venture participants, have a unique set of assets, capabilities and customer relationships to support the further assessment, development and deployment of carbon capture and storage (CCS) in Australia,” Chevron New Energies vice president of CCUS & emerging Chris Powers said.
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