We are excited to announce that deepC Store Pty Ltd (“deepC Store”) has signed an agreement with us to design the appraisal well drilling and injectivity testing program for large-scale CO2 storage site in the Browse Basin, offshore Australia. We will also provide project management services for the appraisal well drilling and injectivity testing program.
Under this agreement, AGR will design the drilling and testing program for the G-14-AP permit, a groundbreaking carbon capture and storage (CCS) initiative co-owned by deepC Store and Azuli (Australia) Ltd (“Azuli”). The G-14-AP permit is one of the two offshore CO2 storage acreages (the other being G-13-AP permit) that were awarded to deepC Store and Azuli in August 2024 by the Australian Commonwealth Government.
deepC Store is the designated operator of the G-14-AP permit and the associated CStore1 (floating CCS hub) project and estimates that this permit area contains CO2 storage potential of approx. 1 giga (billion) tonne of CO2.
This remarkable project could transform CCS efforts in the region and Australia, providing a critical step forward in reducing emissions and advancing sustainable energy solutions.
A key activity to technically demonstrate this large-scale CO2 storage potential is to execute an appraisal well drilling and injectivity testing program.
AGR and deepC Store partnership for Australian offshore CO2 storage
Commenting on the contract award, deepC Store’s Managing Director Daein Cha said (pictured, to the right): “We are very pleased to work with AGR for progressing one of its key technical activities for G-14-AP. This relationship is an important component of our world class CO2 storage development.”
AGR Managing Director Australia, Andy Perchard, (pictured, in the middle), said “We are delighted to collaborate with deepC Store on this pivotal project. Leveraging our extensive experience in well engineering and CO₂ storage operations, we look forward to supporting the appraisal and injectivity testing program to unlock the significant potential of the G-14-AP permit. This partnership underscores AGR’s commitment to advancing innovative and sustainable energy solutions.”
The said well engineering work is due to be completed by end of 2025.
deepC Store and Azuli are CCS project developers with their core area of activity in the Browse basin and Bonaparte basin in offshore Western Australia. deepC Store’s “CStore1” project has a 1st mover position in the Asia Pacific region as a commercial-scale floating CCS hub that covers all of the CCS value chain, being capture and liquefaction of CO2 onshore; transport by ships to the floater hub; and injection from the floater hub.