SEOUL– SK E&S Co., a leading South Korean liquefied natural gas provider, said Tuesday it has won a joint permit with several other global energy companies for the exploration of potential carbon dioxide storage off northwestern Australia.
SK E&S will own a 30 percent stake in the permit to explore the G-11-AP mine block, located in the Bonaparte Basin on the coast of Western Australia, over the next three years, before deciding whether to pursue a formal project, the company said in a release.
The Bonaparte Basin is known for its deep saline aquifers — underground layers of water-bearing permeable rocks and other materials that are saturated with brine — that make it an optimal site for carbon capture storage opportunities.
SK E&S formed in March a consortium with Chevron, BP, Total and Australian firms, like Santos and Woodside, seeking to gain the permit for the mining block in the area.
Source: Yonhap News Agency