XOM - Big Oil Big Bet: Indonesia's Pertamina & Exxon Aim For Gigatonne CO2 Grab | Benzinga
Exxon Mobil Corporation (NYSE:XOM) and state energy firm Pertamina reportedly plan to perform appraisal drilling for a carbon capture and storage (CCS) hub in Indonesia.
The companies partnered for preliminary work to design a commercial model for the Asri Basin Project CCS hub, reported Reuters.
As per a preliminary joint study by Pertamina and Exxon, the Asri basin in Pertamina’s Offshore South East Sumatra block could ...