Santos Moomba Carbon Capture and Storage wins international industry recognition

Santos’ pioneering Moomba Carbon Capture and Storage (CCS) project has been recognised for its industry leading innovation and leadership in decarbonisation at the Energy Council’s annual APAC Awards in Singapore.

Moomba CCS, a joint venture between Santos and Beach Energy, took home the Energy Technology Company of the Year award, which recognises ground breaking innovation or technologies that pave the way for a more sustainable and profitable future for the energy industry.

Santos CEO and Managing Director, Kevin Gallagher said Moomba CCS has already safely stored 800,000 tonnes of CO2 since coming online in September last year, highlighting the potential of CCS to help achieve global decarbonisation targets.

“CCS has a critical role to play in Australia’s and the Asian region’s net-zero future, and the success of our Moomba project is evidence of what this technology can achieve,” Mr Gallagher said.

Located in South Australia’s Cooper Basin, Moomba CCS Phase 1 is designed to store up to 1.7 million tonnes of CO2 per year, depending on availability of CO2. The project utilises depleted oil and gas reservoirs, storing CO2 in the same geological sites that have previously stored hydrocarbons for tens of millions of years.

The Cooper/Eromanga Basins alone have potential for injection of up to 20 Mt of CO2e per year for up to 50 years. Phase 2 of the Moomba CCS project aims to utilise these depleted reservoirs to store third party emissions from domestic and Asian customers to create a commercial carbon management services business to help these customers build more sustainable business models and to achieve their own emission reduction targets.