Thailand’s national oil and gas company PTTEP has reached a major milestone by approving the final investment decision (FID) for the country’s first carbon capture and storage (CCS) project.
The $320 million development will be implemented at the company’s producing Arthit gas field in the Gulf of Thailand. The project is designed to play a critical role in helping Thailand move closer to its Net Zero ambitions.
PTTEP highlighted that the project followed extensive technical studies and assessments, covering everything from identifying storage reservoirs at depths of 1,000 to 2,000 meters, to detailed engineering design and measurement, monitoring, and verification (MMV) systems.
By capturing and permanently storing carbon emissions offshore, PTTEP aims to demonstrate the potential of CCS technology to reduce the environmental footprint of existing operations while ensuring the country’s long-term energy security.
This landmark initiative not only strengthens PTTEP’s leadership in sustainable energy but also marks the beginning of a new chapter for Thailand’s energy transition.