InCapture and its partners have awarded the Development Concept Engineering phase of the G-15-AP carbon storage assessment to Wood, advancing the project toward its next upstream regulatory milestone in Australia. The work will evaluate high-graded storage structures within the permit area to support a future Declaration of Storage Formation.
InCapture, as operator of the G‑15‑AP, said the study will be conducted alongside Halliburton’s ongoing technical assessment to appraise the most prospective formations. Results from both scopes are intended to mature viable concepts to feasibility stage and inform subsequent investment decisions.
Julia Davies, managing director of InCapture, said the award represents an important step in de-risking the acreage. “Partnering with Wood provides specialist CCS engineering expertise while Halliburton continues evaluating the subsurface potential, and together this collaboration supports the investment case for a storage declaration,” she noted.
Dan Carter, president of consulting at Wood, said his team will focus on independent evaluation of the interval. “This contract marks a significant milestone in advancing carbon storage planning in Australia, and our role is to advise on technically and commercially viable concepts so the G-15-AP venture can move forward with confidence,” he said.
InCapture said the concept engineering phase will commence immediately and is expected to conclude within two years. Should the study demonstrate success, the parties would negotiate a long-term concession covering the storage formation and appraisal drilling program in the permit area.
