Japan’s oil and gas producer Inpex has executed a joint research agreement with Japan Organization for Metals and Energy Security (JOGMEC) to evaluate the potential of the Bonaparte Basin in Australia to become a large-scale carbon storage location.
The parties will conduct joint research to support Inpex as it assesses the feasibility of using greenhouse gas (GHG) Permit G7-AP for long-term geological storage of CO2, which was awarded earlier this year.
Inpex is the operator of the Bonaparte CCS joint venture which also includes TotalEnergies and Woodside Energy.
According to the partners, success in this venture will provide for the storage of CO2 from the Ichthys project and support the realization of the Darwin-based, low-emissions carbon dioxide capture, utilisation and storage (CCUS) hub as proposed by the Northern Territory Government.
Through their joint research, JOGMEC and Inpex will promote technical development contributing to the reduction of GHG through CCS activities while helping reduce GHG emissions in Australia toward the realisation of a net-zero carbon society by 2050, a common goal shared by the governments of Japan and Australia.
Meanwhile, Inpex is proposing to undertake a 3D marine seismic survey within the permit area.
The survey will comprise approximately 40 days of seismic data acquisition, with the earliest date for the survey to commence in April-May 2023.
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