Santos Ltd. and joint venture partner Beach Energy Ltd. have secured additional carbon storage acreage west-southwest of the Moomba carbon capture and storage (CCS) project in South Australia. The gas storage retention license was awarded under the South Australian Petroleum and Geothermal Energy Act by the SA Department for Energy and Mining.
Under the license, the joint venture is authorized to establish the nature and extent of natural reservoirs, test the reservoirs for storage of CO2, and establish commercial feasibility of CO2 storage and storage techniques.
The Moomba CCS project could safely and permanently store up to 1.7 million tonnes/year of CO2 in depleted Cooper basin reservoirs (OGJ Online, Nov. 2, 2021). The project is on track for startup next year.
Santos has already booked 100 million tonnes of carbon storage resource in Cooper basin in South Australia. Once evaluations are completed, Santos will report the carbon storage resource volumes associated with this additional acreage.