Pertamina, ExxonMobil sign HOA to develop carbon capture storage technology

Indonesia’s state-owned PT Pertamina and ExxonMobil signed a heads of agreement to develop carbon capture and storage, or CCS, technology in line with a joint study that found up to 1 billion mt of CO2 storage capacity in the national oil company’s oil and gas fields, according to a joint statement Nov. 12. “This large CO2 capacity can permanently store…