{"id":80628,"date":"2023-11-15T00:00:00","date_gmt":"2023-11-15T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/climate\/2023\/11\/15\/mubadala-partners-with-pertamina-chevron-to-explore-indonesias-geothermal-potential\/"},"modified":"2023-11-15T00:00:00","modified_gmt":"2023-11-15T00:00:00","slug":"mubadala-partners-with-pertamina-chevron-to-explore-indonesias-geothermal-potential","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/climate\/2023\/11\/15\/mubadala-partners-with-pertamina-chevron-to-explore-indonesias-geothermal-potential\/","title":{"rendered":"Mubadala partners with Pertamina + Chevron to explore Indonesia\u2019s geothermal potential"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><\/strong><strong>Mubadala <\/strong><strong>Energy is in on Indonesia's geothermal potential:<\/strong> The UAE\u2019s Mubadala Energy signed an agreement with Indonesia's <a target=\"_blank\" href=\"https:\/\/www.pge.pertamina.com\/en\" style=\"\" rel=\"noopener\">Pertamina Geothermal Energy<\/a> and US oil-giant Chevron to explore potential geothermal energy projects in Kotamobagu city in Indonesia\u2019s North Sulawesi province, according to a <a target=\"_blank\" href=\"https:\/\/mubadalaenergy.com\/news\/mubadala-energy-partners-with-pertamina-geothermal-energy-and-chevron-to-explore-geothermal-opportunities-in-indonesia\/\" style=\"\" rel=\"noopener\">statement<\/a>. The joint study will look into the development of the Kotamobagu Geothermal Working Area. The Southeast Asian country aims to add 3.3 GW of installed geothermal capacity by 2030. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>There\u2019s already a geothermal plant underway in Kotamobagu:<\/strong>Pertamina Geothermal Energy is developing a 410 MW geothermal power project located in North Sulawesi. The project is expected to start commercial operations by 2025, according to <a target=\"_blank\" href=\"https:\/\/www.globaldata.com\/store\/report\/kotamobagu-geothermal-power-plant-profile-snapshot\/\" style=\"\" rel=\"noopener\">Global Data<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- Pertamina is backed by Masdar: <\/strong>Masdar <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/c0e6a33d-90d1-43dd-93ef-aa4e29a5d598\" style=\"\" rel=\"noopener\">acquired an undisclosed stake<\/a> in the geothermal unit of Pertamina back in February. The Indonesian geothermal firm controls 82% of Indonesia's installed geothermal energy capacity and manages 13 geothermal energy projects which generate 1.87 GW of electricity.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>IN OTHER PERTAMINA NEWS-<\/strong><strong>The company is supporting Chevron + Exxon\u2019s carbon capture plans:<\/strong> Pertamina signed agreements with Chevron to share data it collected in the East Kalimantan province to help the oil company identify suitable locations for carbon capture and storage (CCS) projects, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/markets\/carbon\/indonesias-pertamina-chevron-agree-share-data-develop-carbon-storage-facility-2023-11-14\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reports. The information to be shared will include geological and geophysical data, maps, and other relevant commercial guidance. It also <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/markets\/carbon\/indonesias-pertamina-exxon-moves-ahead-with-2-bln-carbon-capture-evaluation-2023-11-14\/\" style=\"\" rel=\"noopener\">updated its agreement terms<\/a> with Exxon in order to move forward with evaluations on a potential 3 gigaton CCS project in the Java Sea, estimated to cost over USD 2 bn.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>More CCS to come in Indonesia:<\/strong> Indonesia is in the <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/environment\/indonesia-moves-closer-allowing-cross-border-carbon-storage-2023-10-31\/\" style=\"\" rel=\"noopener\">process of finalizing regulations<\/a> to incentivise the development of CCS schemes across industries, as well as allowing imported greenhouse gasses to be stored in the country\u2019s carbon sinks.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Southeast Asian country aims to add 3.3 GW of installed geothermal capacity by 2030<\/p>\n","protected":false},"author":1,"featured_media":80629,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1517],"tags":[11,336,50,1964,52],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-80628","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-geothermal","tag-enterpriseclimate","tag-geothermal","tag-mubadala","tag-pertamina","tag-uae","wpautop","entry"],"acf":{"mongo_id":"9926b6a2-c368-4152-af85-64e8a4157c5b","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2023\/11\/747.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Mubadala partners with Pertamina + Chevron to explore Indonesia\u2019s geothermal potential","related_issue":[80623],"teaser":"The Southeast Asian country aims to add 3.3 GW of installed geothermal capacity by 2030","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/11\/.4c61328b-19b5-4896-ba11-fd682ca54d4c.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Mubadala partners with Pertamina + Chevron to explore Indonesia\u2019s geothermal potential - Climate<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/climate\/2023\/11\/15\/mubadala-partners-with-pertamina-chevron-to-explore-indonesias-geothermal-potential\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" 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