Australia: TotalEnergies, INPEX and Woodside Join Forces to Develop a Major Offshore CO2 Sequestration Project
Paris, August 24, 2022 – The Bonaparte CCS Assessment joint venture between TotalEnergies (26%), INPEX (53%, Operator) and Woodside (21%) has been awarded a Greenhouse Gas Storage Assessment Permit, off the northwest coast of Australia, to carry out evaluation and appraisal work on block G-7-AP, which is considered a promising area for geological storage of CO2. Appraisal work will begin in 2023.
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By enabling permanent CO2 sequestration in the region, this project complements existing solutions to avoid and reduce greenhouse gas emissions from Ichthys LNG, a nearby natural gas liquefaction and export terminal that TotalEnergies (26%) is a founding partner. It is also fully consistent with TotalEnergies' initiatives to promote and develop CCS (carbon capture and storage).
"This promising greenhouse gas storage assessment permit is fully in line with our strategy to provide more energy with lower emissions, and our ambition to achieve net zero by 2050, together with society. TotalEnergies aims to develop more than 10 Mt/year of carbon storage capacity by 2030, including storage for its facilities as well as storage services for its customers," said Julien Pouget, Senior Vice President, TotalEnergies Asia-Pacific E&P & Renewables. "As a partner in both the Ichthys LNG and Bonaparte CCS Assessment joint ventures, TotalEnergies is well positioned to contribute to low carbon LNG production in Australia."
INPEX announced Pre-FEED for Bonaparte CCS project
TOKYO, JAPAN – INPEX CORPORATION (INPEX) announced today that the Bonaparte CCS Joint Venture operated by its subsidiary INPEX Browse E&P Pty Ltd (53%) and also involving TotalEnergies CCS Australia Pty Ltd (26%) and Woodside Energy Ltd (21%) has commenced pre-front-end engineering design (pre-FEED) work to support development of the Bonaparte CCS Project located in the Bonaparte Basin, approximately 260 kilometers offshore Darwin in the Northern Territory of Australia. INPEX considers the project has potential to be one of the largest commercial carbon capture and storage (CCS) projects in the world.
The Bonaparte CCS Joint Venture was formed in 2022 to appraise greenhouse gas (GHG) storage assessment acreage G-7-AP.
The decision to commence pre-FEED work follows the successful completion of the selection of engineering concept and a comprehensive appraisal program, which included up to 1,800 square kilometers of three-dimensional seismic surveying and two CCS appraisal wells. The program confirmed the presence of a high-quality saline aquifer reservoir in the Bonaparte Basin with thick sealing formations considered suitable for safe and permanent carbon storage.
The Bonaparte CCS Joint Venture intends to transport and store carbon dioxide (CO2) safely and permanently offshore northern Australia in the Bonaparte Basin, which has a potential carbon storage capacity of more than 10 million tons per year. The Joint Venture plans to commence CO2 injection around 2030 and expects the project to substantially contribute to decarbonizing northern Australia and the Asia-Pacific region.
The Joint Venture is now conducting detailed analysis of the reservoir appraisal data to support a declaration of identified GHG storage formation application in advance of obtaining a GHG injection license. The Ichthys Joint Venture is expected to be the anchor customer of Bonaparte CCS.