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InCapture and its partners have awarded Wood the Development Concept Engineering phase for the G-15-AP carbon storage assessment in Australia. This phase will evaluate high-graded storage structures to support a future Declaration of Storage Formation.

InCapture, the project operator, is conducting this study alongside Halliburton's technical assessment of prospective formations. The outcomes aim to advance concepts to feasibility and inform investment decisions.

The concept engineering phase will start immediately and is expected to conclude within two years. If successful, the parties will negotiate a long-term concession for the storage formation and appraisal drilling program.