Pilot Energy Increases Carbon Storage Resource By 370%

Pilot Energy Increases Carbon Storage Resource By 370% - Carbon Herald

Following a groundbreaking approval for permanent offshore carbon storage at their Mid West Clean Energy Project (MWCEP), Pilot Energy has announced a staggering 370% increase in their estimated carbon storage potential.

This significant upgrade applies to the depleted Cliff Head offshore oil field license area, a critical component of the MWCEP. The area’s storage capacity has jumped from 9.7 million tonnes to a whopping 45.6 million tonnes.

Beyond bolstering Pilot‘s ability to significantly reduce Western Australia’s emissions, this expanded capacity paves the way for future phases of the MWCEP, such as clean ammonia production.

Pilot’s chairman, Brad Lingo, expressed optimism: “Having secured Commonwealth Government approval of the Cliff Head Formation reservoirs for the safe and permanent injection and permanent storage of CO2, this 370% increase in storage resources and injection capacity means the Cliff Head Storage Project can be a material contributor to reducing safeguard facility emissions in Western Australia.”

Pilot is dedicated to providing a practical, near-term solution for permanent greenhouse gas reduction to major CO2 emitters in the region. 

Relevant: Pilot Energy Receives Key Approval For Its Cliff Head CO2 Storage Project

The focus is twofold: demonstrating the cost-effectiveness of carbon capture for industrial facilities and showcasing the Mid West’s suitability for climate action through direct air capture,  leveraging the region’s abundant renewable resources.

This impressive storage capacity increase stems from efforts undertaken during the Declaration application process and collaboration with relevant authorities. Furthermore, the assessment adheres to the Society of Petroleum Engineers’ Storage Resource Management System, with the contingent resource now classified as “Development Pending,” the highest maturity level.

The expanded capacity includes the newly identified Illawong structure, located east of the Cliff Head platform. 

Relevant: Pilot Energy Welcomes Korean Delegation To Showcase CCS Progress In Australia

Sharing the same storage formations as those covered by the Declaration, Illawong boasts an initial prospective resource assessment of 50.4 million tonnes. 

To convert this prospective resource to a confirmed contingent resource, an appraisal well will likely be drilled during the initial carbon storage project drilling phase.

Perfectly Positioned for Success

Several key factors make the Cliff Head Project ideal for permanent carbon storage:

  • Extensive Operational History: The project benefits from a long history of safe operations.
  • Stable Geological Setting: The geological environment offers exceptional stability.
  • Proven Sealing Formation: The Kockatea Shale, a well-established regional sealing formation, provides a secure cap for the offshore injection site.
  • Proximity to Emissions Sources: The project is situated within 15-30 kilometers of existing and planned industrial emissions requiring permanent reduction to comply with safeguard mechanisms. Additionally, its location allows for round-trip sea transport within a day to service emissions from WA’s key industrial belt stretching from Kwinana to Bunbury.
Leave a Reply

Your email address will not be published. Required fields are marked *

Related Posts
Translate »
Total
0
Share