BP Invests $7B in Indonesia Gas With First Carbon Capture Tech
BPBP(BP) ZACKS·2024-11-22 23:31

BP plc (BP) ), a leading UK-based energy company, and its partners in the Tangguh production sharing contract have announced the final investment decision for the $7 billion Tangguh Ubadari CCUS Compression (“UCC”) project in Papua Barat, Indonesia. The project is poised to unlock approximately 3 trillion cubic feet of additional gas resources, aligning with BP’s strategy to meet Asia's growing energy demand while advancing its low-carbon commitments.The Tangguh UCC project is set to feature Indonesia’s fir ...