PT Pertamina and ExxonMobil are collaborating on the application of low-carbon technology and Carbon Capture and Utilization and Storage (CCUS). This collaboration will strengthen the sustainable strategic partnership between PT Pertamina and ExxonMobil that has existed since the 1970s in the upstream sector and also in the downstream sector some time ago.
Pertamina President Director Nicke Widyawati and ExxonMobil Indonesia President, Irtiza H. Sayyed have signed a memorandum of understanding witnessed by the Coordinating Minister for Maritime Affairs and Investment of the Republic of Indonesia, Luhut Binsar Panjaitan, Coordinating Minister for Economic Affairs Airlangga Hartarto, SOE Minister Erick Thohir, and Deputy SOE Minister Pahala N. Mansury and Minister of Energy and Mineral Resources Arifin Tasrif, Monday (1 Nov 2021) at the United Nations Climate Change Summit in Glasgow, Scotland, which will take place 1-10 November 2021.
The application of CCUS technology is part of Pertamina's energy transition to the clean energy agenda. This low-carbon technology will support Pertamina's business sustainability in the future," said PT Pertamina President Director Nicke Widyawati.
The challenge in developing CCUS lies in the large investment value and the economic value that is not yet ideal. In responding to this challenge, Pertamina continues to synergize and cooperate with various world oil and gas companies so that it can accelerate the implementation of CCUS through technology transfer, joint development, and increased capacity building.
Together with ExxonMobil, Pertamina will develop the application of low-carbon technology to achieve net-zero emissions in promoting global climate goals. CCS technology is applied through the application of a CO2 injection process into the subsurface layer to be applied to depleted reservoirs in Pertamina's working area, as well as assessing the potential for hubs and cluster schemes.
Investor Daily, Page-10, Wednesday, Nov 3, 2021
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