Jakarta – PT Pertamina (Persero) and Chevron Corporation (NYSE: CVX) through their subsidiary, Chevron New Ventures Pte. Ltd. (Chevron) signed a cooperation to explore potential low-carbon business opportunities in Indonesia. This collaboration is a follow-up to the signing of a memorandum of understanding (MoU) in Washington, DC., which was attended by Chevron Executive Vice President of Business Development Jay Pryor, PT Pertamina (Persero) President Director Nicke Widyawati, Coordinating Minister for Maritime Affairs and Investment Luhut B Pandjaitan, and Minister of Investment and Head of Investment Coordinating Board (BKPM) Bahlil Lahadalia.
Chevron New Energies President Jeff Gustavson said in a written release Thursday (13/5), that the collaboration will focus on new geothermal technologies, carbon offsetting through nature-based solutions, carbon capture, utilization and storage, and the development, production, storage and transportation of low-carbon hydrogen.
The collaboration between Chevron and Pertamina is part of the two companies’ effort to support the Indonesian Government’s net zero emission target by 2060. Pertamina said that they are committed to increasing its renewable energy mix from 9.2 percent in 2019 to 17.7 percent in 2030.
Pertamina President Director Nicke Widyawati said, Indonesia, as the second largest country with geothermal installed capacity, has been developing geothermal since 1974. Currently, through Subholding Power & NRE, Pertamina has a total installed geothermal capacity of 1,877 MegaWatt (MW) originating from 13 geothermal work areas, of which 672 MW comes from work areas that are operated independently and 1,205 are joint operation contracts (JOC).
The self-operated work area with a total capacity of 672 MW includes 12 MW Sibayak Area, 55 MW Lumut Balai Area, 220 MW Ulubelu Area, 235 MW Kamojang Area, 30 MW Karaha Area, and 120 MW Lahendong Area.
Pertamina is also diversifying geothermal development, among others, currently running as a pilot project, namely green hydrogen which is being developed in the Ulubelu Area with a production target of 100 kg per day, and brines to power which is being developed in the Lahendong Area and has a potential capacity of 200 kg per day. MW from several other work areas.
Widyawati said that in collaboration with various parties, Pertamina is also developing the implementation of Carbon Capture and Storage (CCS) and Carbon Capture Utilization, and Storage (CCUS) as one of the company’s strategies to reduce carbon emissions in two oil and gas fields namely Gundih and Sukowati. Pertamina is also reviewing the commercialisation of the application of CCUS technology in the Sumatra region. (Hartatik)
