China's top offshore oil and gas producer, CNOOC, has launched the country's first offshore carbon capture and storage (CCS) project in South China Sea, which is expected to store more than 1.46 million tonnes of carbon dioxide, the company said on Aug. 30.
As one of the auxiliary facilities at Enping 15-1 oil field in the Pearl River Mouth basin of the South China Sea, about 190 km southeast of Hong Kong, the CCS project is designed to reinject as much as 300,000 tonnes of CO2 per year into seabed reservoirs.
"The greenhouse gases associated with Enping 15-1 oilfield development will be sealed in a saltwater layer at a depth of 80 meters," said state television CCTV, citing Zhang Wei, chief engineer at CNOOC's Shenzhen firm.
CNOOC Ltd., a listed arm of CNOOC, announced last week that it would channel up to 10% of annual spending to green energy by 2025 as the firm seeks to reduce its carbon footprint.
Other major Chinese oil firms have also been exploring carbon capture, utilization and storage (CCUS) at their oil fields onshore. Sinopec is planning a project in east China which is estimated to inject 10.68 million tonnes of the climate warming gas into an oil field over the next 15 years.
China, the world's biggest CO2 emitter, vowed to reach carbon neutrality by around 2060. To achieve that, as much as 1.82 billion tonnes of CO2 needs to be cut via CCUS each year by that time, according to a study conducted by a research institute affiliated to China's environment ministry in July.
2023-10-17 - Eni says its HyNet North West industrial carbon capture and storage project aims to store about 4.5 million tonnes of CO2 per year during its first phase.
2023-11-14 - BKV’s Barnett Zero is the first of two carbon capture and sequestration facilities the Barnett Shale producer plans.
2023-09-10 - Globally, major economic powers are beginning to move toward carbon storage as a key method for tackling climate change. At the fore is the oil and gas industry, which has a key competitive advantage in developing CCS projects.
2023-10-05 - CarbonCycle plans to develop carbon capture and sequestration projects through a $100 million capital investment.
2023-10-19 - Milestone Carbon is leasing 22,000 acres of land and pore space from Texas Pacific Land Corp. in the Permian Basin for the geologic sequestration of CO2.