Publications

The global push towards decarbonization is gaining momentum, with many countries taking measures to reduce their greenhouse gas emissions and transition to renewable energy sources. In July 2021, Indonesia announced the “Indonesia Long-term Strategy 2050 for Low Carbon and Climate Resilience” with a goal of achieving carbon neutrality by 2060. However, there are significant challenges to overcome given its reliance on fossil fuels like oil and natural gas due to remarkable economic growth. It is estimated that in 2020 energy-related CO2 emissions were approximately 540 million tons, ranking eighth in the world. Demand for energy is expected to continue to increase in the future and it is expected that dependence on fossil fuels will continue. Emerging countries are faced with the unique challenges of taking measures against global warming while responding to the robust energy demand that accompanies economic growth. To address this challenge, Pertamina (URTI - Persero), PEP (PHE Region 2) and JOGMEC have jointly implemented the CO2 Huff and Puff test as the initial stage of CO2 enhanced oil recovery (“EOR”) and carbon capture and storage (“CCS”) for the field based on the Joint Study Agreement signed in August 2022 (2022). The test is conducted to acquire data that demonstrate and verify the effect of CO2 EOR and CO2 storage in the subsurface formations of depleted oil and gas fields (2022). This is the first time that Pertamina and PEP will implement CO2 injection into an oil and gas field in Indonesia and will be a crucial step for the country to increase its oil production while simultaneously reducing carbon dioxide emissions by implementing CO2 EOR as part of carbon capture utilization and storage (“CCUS”) technology (2022). Pertamina (URTI - Persero), PEP (PHE Region 2) and JOGMEC are committed to proactively engage in energy transition towards a net-zero carbon society while fulfilling their responsibility for the development and stable supply of energy over the long-term (2022). This underscores the importance of cooperation between government and industry in addressing the challenges of climate change and achieving a sustainable future for all. The success of this project will pave the way for wider adoption of CCUS technology in Indonesia, promoting sustainable economic growth and a net-zero carbon future.