The Bonaparte CCS venture has been awarded Main Venture Standing by the Australian Authorities. It’s the first offshore carbon seize and storage (CCS) venture to obtain the standing in Australia.
The Bonaparte CCS Evaluation Joint Enterprise is operated by Inpex subsidiary Inpex Browse E&P (53%) and likewise entails TotalEnergies CCS Australia (26%) and Woodside Vitality (21%).
The awarding highlights the venture’s acknowledged potential to assist a decrease carbon future in addition to reflecting the Australian authorities’s acknowledgment of the venture’s strategic significance in attaining Australia’s web zero targets.
Appraisal works in 2024 confirmed a high-quality saline aquifer reservoir appropriate for secure and everlasting carbon storage within the Bonaparte Basin, roughly 250 kilometers offshore Darwin within the Northern Territory of Australia.
Inpex considers the venture has potential to be one of many largest business CCS initiatives on this planet, and it may considerably contribute to decarbonizing northern Australia and the Asia-Pacific area.
The Joint Enterprise intends to move and retailer carbon dioxide (CO2) safely and completely within the Bonaparte Basin, which has a possible carbon storage capability of greater than 10 million tons per yr.
The Joint Enterprise commenced preliminary front-end engineering design (FEED) work in April 2025 and plans to begin CO2 injection round 2030. The Joint Enterprise can be now conducting detailed evaluation of the reservoir appraisal knowledge, to assist a Declaration of Recognized GHG Storage Formation software upfront of acquiring a greenhouse fuel injection license.
Australian Vitality Producers Chief Government Samantha McCulloch mentioned Business and Innovation Minister Tim Ayres’ announcement was welcome recognition of the important position of CCS in driving large-scale emissions reductions in Australia and the area.
“Australia has a comparative benefit in CCS, with world class geology, trade expertise and robust hyperlinks with regional buying and selling companions seeking to collaborate on CCS.”
Australia already hosts two of the world’s largest operational CCS initiatives, Chevron’s Gorgon and Santos–Seaside Vitality’s Moomba initiatives, which collectively retailer the equal of taking a million vehicles off the street yearly.
In keeping with a Web Zero Australia examine, Australia will want between two and 20 Moomba-scale CCS initiatives to be constructed every year between now and 2050 to succeed in web zero.
Australian Vitality Producers NT Director David Slama mentioned the announcement is a significant win for the Territory. “This proposed venture has the potential to be a game-changer for the Northern Territory, bringing new jobs, funding and emissions discount alternatives,” Slama mentioned. “It underscores the significance of the oil and fuel trade to the Territory’s long-term financial progress and vitality safety.”
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