Carbon capture storage and carbon capture utilization storage as energy transition strategy for the Indonesian oil and gas sector towards net zero emissions

Abstract

The transportation and industrial sectors are the backbone of the Indonesian economy. These two sectors can grow and develop because of the support of energy from oil and gas or electricity from fossil sources. Meanwhile, energy from fossil sources, especially oil and gas, is one source of CO2 emissions that must be reduced. The Indonesian government continues to increase oil and gas production to meet domestic needs. On the other hand, the government is also trying to reduce emissions towards Net Zero Emissions by 2060 in line with the ratification of the Paris Agreement, with a target of reducing emissions by 314 million tons of CO2e in 2030 and 1,526 million tons of CO2e 30 years later. This condition is certainly a challenge for the government and the national oil and gas sector to achieve this target, the government has presented several strategies to boost upstream oil and gas investment while meeting the NZE target. Carbon Capture Storage and Carbon Capture Utilisation and Storage are one of the technologies of choice in the oil and gas sector in the energy transition period towards NZE. This strategy was chosen because it has great potential in carbon capture and can be used to increase oil production. The application picks up after 2025, with the amount of CO2 captured potentially 6 million tons annually in 2030 and reaching around 160 million tons annually in 2060.