ExxonMobil (XOM), Pertamina Progress on CCS Hub in Indonesia

Exxon Mobil Corporation (XOM) , in partnership with Indonesian state-owned oil company Pertamina, has embarked on an appraisal drilling project for a carbon capture and storage (CCS) hub in Indonesia.The initiative, announced during the Indonesia Petroleum Association (IPA) annual conference, marks a pivotal step in utilizing the nation's depleted oil and gas reservoirs, and saline aquifers for carbon dioxide storage.The project, known as the Asri Basin Project CCS hub, is located in Pertamina’s Offshore So ...