Wood has been awarded the development concept engineering contract for the InCapture-operated G-15-AP carbon capture and storage (CCS) project offshore Western Australia.

Project Scope and Collaboration

This engineering work will be conducted in parallel with Halliburton's technical assessment of the permit area. The joint effort aims to appraise high-potential storage structures, with the most promising opportunities forming the basis for the project's next key regulatory step: the declaration of a storage formation. The engineering work will focus on maturing the most viable storage concepts to the feasibility stage, providing a credible pathway to transform the project from a prospective concept into a large-scale, commercially viable CO2 injection facility.

Project Timeline and Scale

The proposed timeline targets regulatory approval for the storage formation declaration in the first quarter of 2027, followed by an injection permit award in 2029. A final investment decision is anticipated between 2029 and 2030, with the first CO2 injection planned for 2032 to 2034. The project envisages initial injection rates of 3 to 6 million tonnes per annum (mtpa).

Storage Potential and Location

Three primary injection targets have been identified within the 6,500 square kilometre permit area on the North West Shelf, located approximately 120 kilometres offshore from Dampier and Port Hedland. One target, the Ronsard Horst Shallow Target, is estimated to have an injection capacity of up to 6 mtpa of CO2 for over 25 years. Considerable additional storage potential is expected from the other identified targets and prospects.

Emission Sources and Strategic Importance

The project is strategically positioned to capture emissions from hard-to-abate domestic industries near the Burrup peninsula, which have multiple sources with varying CO2 concentrations. It also has the potential to sequester large quantities of imported greenhouse gas emissions from Australia's major international trading partners. The collaboration with Wood and Halliburton is intended to deliver a scalable, commercially viable solution supporting Australia's net-zero ambitions.

Joint Venture Structure

InCapture operates the G-15-AP permit with a 75% interest on behalf of partners SK Earthon (20%) and CarbonCQ (5%). CarbonCQ retains an option to increase its interest to 10%.