Loading...
Market
Primary challenge for BP's Papua project by mid-2025?
2
Resolution / Starting Odds
Regulatory issues • 25%
Environmental concerns • 25%
Technical difficulties • 25%
Financial constraints • 25%
Industry reports and news articles from credible sources
Story
BP and Partners Announce $7 Billion Investment in Papua Carbon Capture and Gas Field Project
Nov 22, 2024, 03:57 AM
BP and its partners have announced a $7 billion investment in a carbon capture project and gas field development in Indonesia's Papua region. The project is expected to unlock 3 trillion cubic feet of additional gas resources. This initiative is part of BP's broader strategy to enhance its natural gas capabilities in Southeast Asia, which is crucial for the region's energy transition. The investment comes amid disruptions at BP's Tangguh LNG project in Indonesia.
View original story
Similar markets
Project in Asia-Pacific • 25%
Project in Europe • 25%
Project in North America • 25%
No major project announced • 25%
Asia-Pacific • 25%
Europe • 25%
North America • 25%
Other • 25%
United States • 25%
United Kingdom • 25%
Germany • 25%
Other • 25%
Engineering issues • 25%
Regulatory delays • 25%
Financial constraints • 25%
Environmental concerns • 25%
Yes • 50%
No • 50%
Redeveloped for commercial use • 25%
Converted to a public park • 25%
Remains a contaminated site • 25%
Other • 25%
Illegal mining activities • 25%
Environmental concerns • 25%
Regulatory hurdles • 25%
Other operational issues • 25%
