Chevron New Energies International, Mubadala Energy, and PT Pertamina Geothermal Energy Tbk (PGE) will explore geothermal potential in Kotamobagu, North Sulawesi, Indonesia through a joint study agreement (JSA).
The agreement provides a framework to conduct a joint study into developing the Kotamobagu Geothermal Working Area (WKP), Mubadada Energy said in a press release Nov. 14.
WKP Kotamobagu was assigned to PGE Kotamobagu as a subsidiary of PT Pertamina Geothermal Energy Tbk based on Minister of Energy and Mineral Resources decree. The 185-sq-km WKP Kotamobagu area has a high enthalpy value with a volcanic hydrothermal system in North Sulawesi Province.
As part of Indonesia’s clean energy growth ambitions, the government is targeting the addition of 3.3 gigawatts (Gw) of installed geothermal capacity by 2030. Geothermal electricity produced in Kotamobagu could feed the domestic market in Indonesia and potentially aid in the production of low carbon hydrogen or ammonia, Mubadala Energy said.