PERTAMINA - KNOC EXPLORE COLLABORATION IN RIG-TO-CCS DEVELOPMENT

Pertamina is exploring a collaboration for the Rig-to-CCS (Rig-to-Carbon Capture Storage) development with the Korea National Oil Corporation (KNOC).

The collaboration for Rig-to-CCS development is being pursued through a Joint Study Agreement signed between the President Director of Pertamina, Nicke Widyawati, and the President & CEO of the Korea National Oil Corporation (KNOC), Mr. Dong Sub Kim, in Seoul, South Korea.

Nicke Widyawati, the President Director of Pertamina, stated that the collaboration for Rig-to-CCS development represents Pertamina's commitment to reducing emissions and supporting the government's target to achieve Net Zero Emission (NZE) by 2060 or even sooner. According to Nicke, ASR poses a unique challenge due to the significant number of offshore oil and gas platforms that are no longer utilized after the cessation of gas production, having been operational for decades. "The cost of conventional ASR or decommissioning is extremely high, necessitating an alternative ASR solution, especially reutilization, in order to ensure the gradual and efficient implementation of ASR for these offshore platforms," Nicke added.

Pertamina, as a leading company in the energy transition, is committed to supporting the Net Zero Emission 2060 target by continuously promoting programs that directly impact the Sustainable Development Goals (SDGs) achievement.