PTTEP is gearing up to develop Thailand’s first Carbon Capture and Storage (CCS) project at Arthit offshore gas field, paving the way towards the company’s Net Zero Greenhouse Gas (GHG) Emissions target. The company has also initiated CCS feasibility studies in other areas of Thailand to support the country’s commitment to reducing carbon emissions into the atmosphere.
To achieve carbon neutrality in 2050 and Net Zero GHG Emissions in 2065, PTTEP is determined to take part in managing GHG emissions and tackling global warming issues. Therefore, the company has set forth an ambitious emissions reduction target – Net Zero GHG Emissions by 2050 via the EP Net Zero 2050 concept. One of PTTEP’s key strategic enablers to reduce carbon dioxide emitted from the company’s petroleum production process is the adoption of CCS technology.
The feasibility study of PTTEP’s pioneer CCS project at Arthit gas field has recently concluded, marking the first initiative of its kind in the country. The study covers several aspects including the preliminary assessment of the carbon storage capacity of targeted geological storage formations and the corresponding conceptual development plan. The project is currently in the process of preliminary front-end engineering and design (Pre-FEED) study and is expected to commence the CCS operations by 2026.