PetroChina's Jilin Oilfield recently received its first foreign currency payment in a U.S. dollar account from Indonesia's GBU Company. This milestone marks the first international revenue generated by PetroChina's CCUS project.
From CET.COM.CN
PetroChina's Jilin Oilfield recently received its first foreign currency payment in a U.S. dollar account from Indonesia's GBU Company. This milestone marks the first international revenue generated by PetroChina's CCUS (Carbon Capture, Utilizationand Storage) project.
The "Feasibility Study on CO₂ Flooding in the Gemah Oilfield of Indonesia's Jabu Block" is not only Jilin Oilfield's first international CCUS project but also the first time PetroChina has successfully applied its CCUS technology overseas. This achievement is a significant milestone in China's CCUS development journey.
The Gemah Oilfield in Indonesia is characterized by complex geological structures. The CO₂ flooding feasibility study had to overcome challenging "three-high" conditions: high temperature, high salinity, and high CO₂ content. Despite these difficulties, the Exploration and Development Research Institute of Jilin Oilfield took on the project, forming a dedicated and skilled technical team. With clear goals and a detailed roadmap, the team ensured the project advanced on schedule and maintained high quality throughout.
To date, the CCUS project has made significant progress. Four experimental streams, including phase behavior studies, slim tube miscibility tests, and fluid analysis, are being carried out simultaneously. Geological research for the Gemah Oilfield has been successfully completed, and the technical report was finalized three months ahead of schedule. Additionally, results from formation simulation oil blending and PVT tests have been verified and praised by Indonesian authorities.