JOGMEC, JX Nippon Oil & Gas Exploration and PETRONAS signed the Agreement for a Joint Study on the Development of High CO2 Gas Fields
Japan Oil, Gas and Metals National Corporation （Headquarter: Minato-ku, Tokyo; Chairman & CEO: Tetsuhiro Hosono） signed the Study Agreement with Petroliam Nasional Berhad (hereinafter, "PETRONAS"), a national oil company in Malaysia, and JX Nippon Oil & Gas Exploration Corporation (hereinafter "JX") to conduct a joint study on the development of high CO2 gas fields utilizing CCS technology.
JOGMEC signed the study agreement in collaboration with PETRONAS and JX on the development of high CO2 gas fields in Malaysia, utilizing CCS technology.
There are a large number of gas fields containing high CO2 concentration in Malaysia which have been discovered but left undeveloped due to technical and economic reasons. Separation, capture and proper storage of CO2 from the produced gas is required to develop such gas fields. In view of future commercialization, JOGMEC and JX will conduct the study by fully utilizing their knowledge and experiences to explore the feasibility of development of such gas fields.
In the study, CO2 produced from the fields is to be separated, captured and injected into suitable storage reservoirs such as mature and depleted gas reservoirs. JOGMEC intends to establish an environmentally friendly gas development concept by applying CCS technology.
The study also plans to look into the future possibility of exporting hydrogen produced from natural gas to Japan. JX and JOGMEC will work together to seek the possibility of establishing new energy value chains.
JOGMEC considers CO2-EOR (Note 1) as one of its core technologies, and relating technologies such as CCUS (Note 2) including CCS to be the key technology for an environmentally friendly resource development. Through this study, we believe that valuable technical knowledge on resource development under low carbon constraints can be accumulated.
JOGMEC will actively promote oil & gas resource development by Japanese E&P companies, and engage in projects that will tackle the climate change issues. Through its activities, JOGMEC is willing to contribute to the realization of a low carbon and recycling-oriented society.
Note 1: CO2-EOR (CO2 Enhanced Oil Recovery)
Technology in which CO2 is injected into the oil reservoir to improve the fluidity of the crude oil and enhance its production. A part of the injected CO2 is stored underground during this process, therefore considered as one of the realistic CCUS methods.
Note 2: CCUS (Carbon Capture, Utilization and Storage)
Initiatives to create economic value through the recovery and storage of CO2, as well as its effective use. CCUS has been attracting attention from around the world recently, as measures against global warming.
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