Image Credits Pixabay | Visual for illustration purpose
1 minute read

Petrobras to invest $1.5 billion in HISEP decarbonization tech

Brazilian state-run oil company Petrobras (PETR4.SA), opens new tab and partners will invest around $1.5 billion to implement a decarbonization technology in one of their oilfields, the firm’s Chief Executive Jean Paul Prates said on Tuesday.
Petrobras will set up a pilot project for the high pressure oil and gas separation technology know as HISEP by the end of 2028 in the Mero oilfield at the pre-salt area of the Santos Basin.
The HISEP reduces carbon emissions by reinjecting carbon dioxide into the reservoir, according to the firm.
The Mero field is operated by Petrobras in partnership with Shell (SHEL.L), opens new tab, France’s TotalEnergies (TTEF.PA), opens new tab, China’s CNPC and CNOOC (0883.HK), opens new tab, and Pre-Sal Petroleo SA-PPSA.
If it proves successful, the technology could be applied in other oilfields, bringing down the firm’s carbon emissions.
Legal Disclaimer:
www. reuters
GLOBAL FLOW CONTROL provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above. "

Latest News

  • Petro (Chemicals)
    1 minute read

    ExxonMobil to invest $15 billion in…

    18 Jun. 2024 | Global Flow Control
  • Renewables
    1 minute read

    CIP enters into partnership with Atlas…

    18 Jun. 2024 | Global Flow Control
  • Hydrogen and Carbon Capture
    1 minute read

    Essar to set up green hydrogen…

    18 Jun. 2024 | Global Flow Control
  • Renewables
    1 minute read

    Gruner Renewable to build Asia’s largest…

    17 Jun. 2024 | Global Flow Control