Wood to Conduct Concept Engineering for Australia's G-15-AP Carbon Storage Project
Wood has been awarded the Development Concept Engineering phase for Australia's G-15-AP carbon storage project by InCapture and its partners. This phase will assess potential storage formations to support a future Declaration of Storage Formation, with results aimed at advancing to feasibility and informing investment decisions. The project is set to begin immediately and is expected to conclude within two years, potentially leading to a long-term concession for the storage formation.
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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.
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