Brazil’s state run oil firm to invest $1.5 billion in decarbonization tech
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Petrobras and its partners plan to invest about $1.5 billion to introduce decarbonization technology in one of their oilfields, according to the firm’s CEO Jean Paul Prates.
Petrobras will establish a pilot project for the HISEP (high-pressure oil and gas separation) technology by the end of 2028 in the Mero oilfield located in the pre-salt area of the Santos Basin.
The HISEP technology reduces carbon emissions by injecting carbon dioxide back into the reservoir, Petrobras confirms.
Also read: Brazil’s state-run oil firm to buy stakes in domestic onshore wind & solar projects this year
The Mero field, operated by Petrobras along with partners Shell, TotalEnergies, CNPC, CNOOC, and Pre-Sal Petroleo SA-PPSA, is where this technology will be tested.
If successful, it could be used in other oilfields to lower the company’s carbon emissions.
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