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BP announces final investment decision on Tangguh UCC project in Indonesia
The Fly

BP announces final investment decision on Tangguh UCC project in Indonesia

bp (BP), on behalf of the Tangguh production sharing contract partners, announced a final investment decision on the $7B Tangguh Ubadari, CCUS, Compression project, which it says has the potential to unlock around 3 trillion cubic feet of additional gas resources in Indonesia to help meet growing energy demand in Asia. The UCC project, which comprises the Ubadari gas field development, enhanced gas recovery through carbon capture, utilization and storage and onshore compression, expands and utilizes existing infrastructure at the Tangguh LNG facility in Papua Barat, Indonesia. Production at the Ubadari field is expected to start in 2028. Murray Auchincloss, CEO of bp, said: “This project not only unlocks a fantastic gas resource, it also represents an Indonesian first through the use of CCUS to maximise gas recovery. bp has operated in Indonesia for more than fifty-five years, and the strength of our relationships enables us to bring deep technical experience in helping to deliver this innovative development.” Tangguh CCUS aims to be the first CCUS project developed at scale in Indonesia, with potential for sequestering around 15 million tonnes of CO2 from Tangguh’s emissions in its initial phase.

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