Shell, partners to study CCUS in Oman
SUMMARY
PDO, Shell seek to leverage joint capabilities and economies of scale to initiate the CCUS industry in Oman.
By Joseph MurphyPOSTED IN:
Shell Development Oman LLC (Oman Shell) and Petroleum Development Oman LLC (PDO) have agreed to collaborate and jointly study carbon capture utilisation and storage (CCUS) opportunities in Oman, the companies said on May 26.
The parties have agreed to a joint study to broadly assess all aspects related to reinjecting and storing CO2 in Oman. The study’s scope will cover technical matters, project time frame and cost, as well as consider support for a regulatory and fiscal framework for CCUS in Oman.
Through this collaboration, Petroleum Development Oman and Oman Shell seek to leverage joint capabilities and economies of scale to initiate the CCUS industry, and to facilitate the inception of a low carbon hydrogen value chain in Oman.
Petroleum Development Oman (PDO), the leading exploration and production company in the Sultanate of Oman, is owned by Oman's government (60%), Shell (34%), TotalEnergies (4%) and PTTEP (2%).
owned by the Government of Oman (which has a 60% interest), the Shell Group (which has a 34% interest), Total (which has a 4% interest) and PTTEP (which has a 2% interest). Gas fields and processing plants are operated by PDO exclusively on behalf of the government.
