
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%.
Recommended Reading
DUCs Fly the Coop: Big Drawdowns from the Midland to Haynesville
2025-02-13 - The Midland Basin depleted its inventory of excess DUCs the most last year, falling from two months of runway to one during the past year, according to a report by Enverus Intelligence Research.
The Explosive Evolution of Fracking: A 75-Year Journey
2024-12-10 - Despite some initial resistance to the idea, Halliburton and Stanolind Oil pioneered the hydraulic fracturing that led to the shale boom.
BP’s Eagle Ford Refracs Delivering EUR Uplift, ‘Triple-Digit’ Returns
2025-02-11 - BP’s shale segment, BPX Energy, is seeing EUR uplifts from Eagle Ford refracs “we didn’t really predict in shale,” CEO Murray Auchincloss told investors in fourth-quarter earnings.
Shale Outlook Uinta: Horizontal Boom to Continue in 2025
2025-01-11 - After two large-scale transactions by SM Energy and Ovintiv, the Uinta Basin is ready for development—and stacked pay exploration.
CEO: Berry Gears Up for Horizontal Drilling in Uinta Stacked Pay
2024-12-13 - Berry Corp.’s legacy roots are in California’s Central Valley—but its growth engine is in Utah’s emerging Uinta Basin, CEO Fernando Araujo told Hart Energy.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.