19th September 2022
EP Report

Santos has secured permits from the conduct evaluation and appraisal work for the potential storage of CO2 offshore Western Australia.

 

The company has a 50% operated share of the G-9-AP permit in the Carnarvon Basin, covering an area of 3,589 sq km, in partnership with Chevron Australia (50%).

 

As for the 26,239-sq-km G-11-AP permit in the Bonaparte Basin, Santos Offshore operates with 40% supported by Chevron Australia (30%) and SK E&S (30%).

 

The partners will assess the storage potential based on understanding of the subsurface geology.

 

Managing Director and CEO Kevin Gallagher said, “Santos is working toward developing its three-hub CCS strategy across our operating footprint in Australia and Timor-Leste, and the award of these permits represents further demonstration of our commitment to that strategy.

 

“In the Carnarvon Basin, the [G-9-AP] permit creates potential new acreage for CCS beyond our Reindeer fields. This is particularly significant as our plans for a WA CCS hub at Reindeer and Devil Creek develop.”

 

Santos’ first CCS project will be at Moomba onshore Queensland. It is 20% complete, with 100 MM metric tons of CO2 capacity and contingent resources already booked.


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