Storage plant Timor-Leste

How much carbon dioxide can Santos store offshore Timor-Leste?

Santos has entered into the front-end engineering and design phase for the proposed Bayu/Undan carbon capture and storage project offshore Timor-Leste. The Bayu/Undan CCS project could potentially permanently store up to 10 million tonnes of carbon dioxide per annum, the Australian operator said.

Will carbon storage boost Timor Gap?

Timor Gap head António de Sousa says carbon storage opens up new revenue for the impoverished nation, which has also been given fresh hope on the Sunrise gas project.

Should Timor Leste use decommissioned infrastructure to store carbon?

“Using decommissioned infrastructure to store carbon in an environmentally appropriate way is not only good for the environment, but is an important income stream for Timor Leste,” Mr de Sousa told The Australian Financial Review.

Does Santos have a partnership with Timor-Leste?

(WO) – Santos and its Bayu-Undan joint venture partners have signed a Memorandum of Understanding (MoU) with Timor-Leste’s national oil company, TIMOR GAP, to explore partnership opportunities for the proposed Bayu-Undan carbon capture and storage (CCS) project offshore Timor-Leste.

Does Santos have a stake in Timor-Leste Oil Project?

The upstream project comprises an offshore petroleum field and associated production and processing facilities in Timor-Leste. Santos’ stake in the project will decrease from 43.4% to 36.5%. Credit: T. Schneider via Shutterstock.

Is Timor Leste willing to finance Greater Sunrise?

There are also institutions willing to finance the project as Timor Leste is embracing carbon capture and storage (CCS). That’s why a lot of financing agencies are willing to finance Greater Sunrise.” “We have been talking to international financial institutions in Timor Leste and overseas.