BP to Spend $7 Billion on Indonesia Gas Field With Carbon Capture

BP has struck a deal to develop a natural gas field in Indonesia, complete with a carbon capture system. The deal’s value is seen at $7 billion, with resources to be tapped estimated at 3 trillion cubic feet. “This project not only unlocks a fantastic gas resource, it also represents an Indonesian first through the use of CCUS to maximise gas recovery,” chief executive Murray Auchincloss said in the news release on the deal. The carbon capture part of the project would seek to capture some 15 million tons of carbon dioxide during…