EXPLORING THE FEASIBILITY OF CARBON CAPTURE, STORAGE (CCS) INTEGRATION IN OFFSHORE OIL AND GAS OPERATIONS: A QUALITATIVE ANALYSIS OF HUSKY-CNOOC MADURA LIMITED (HCML)

• Main Author: Mukhlis Sanggomaro, Ilmam
• Format: Theses
• Language: Indonesia
• Online Access: https://digilib.itb.ac.id/gdl/view/79848
• Institution: Institut Teknologi Bandung

The pressing need to address climate change and reduce greenhouse gas emissions in order to achieve Indonesia Net Zero Emission (NZE) target in 2060 has led to the exploration of innovative technologies for carbon mitigation in the upstream oil and gas industry. One of the crucial technology for achieving net-zero emissions goals is Carbon Capture and Storage (CCS). Triggered by the Carbon Pricing policy and Minister of Energy and Mineral Resources regulation stipuating CCS implementation in the upstream oil and gas industry, this research investigates the feasibility of integrating CCS technology into the operations of Husky-CNOOC Madura Limited (HCML), an offshore oil and gas company located in Madura Strait, East Java, Indonesia. Employing a qualitative approach, the study examines the driving forces, uncertainties, and potential scenarios impacting CCS integration within HCML's journey to support energy transition. This research employs the scenario planning method to gain a precise understanding of the CCS Integration in HCML offshore oil and gas operation within its contract period until 2032. These scenarios are crafted from qualitative interview data with HCML CCS task force. The primary aim of scenario development is to assess the implications of identified uncertainties of Government Support and Technology & ii Innovation to formulate an effective strategy to address the challenges posed within CCS integration in HCML. In this research, the author formulates four scenarios termed Yellow Submarine Scenario, Across the Universe Scenario, The Long and Winding Road scenario and A Hard Day’s Night scenario. Each scenario will yield distinct implications and early warning signals regarding the CCS development and integration in HCML offshore oil and gas operation. Furthermore, upstream oil and gas business players can refer to the strategic planning direction in each scenario to gain understanding when confronting the challenges of the CCS development and integration in the offshore oil and gas operation in the medium and long term.