Specialists from Rosneft's Tyumen Scientific Institute have identified an underground reservoir potentially suitable for injection and storage of more than 300 million tonnes of carbon dioxide (CO2) during geological exploration of the subsoil in the Yamalo-Nenets Autonomous District. The site covers an area of 763 square kilometres.

The Company's specialists have confirmed that there are no tectonic faults in the subsoil. The location of the site in a zone of low seismotectonic activity ensures the tightness of the reservoir and protection of the overlying groundwater and surface water horizons from carbon dioxide intrusion for 1000 years.

CO2 sequestration and storage is one of the key technologies for reducing emissions. The technology involves capturing the carbon and then injecting it into deep rock formations, ensuring safe and permanent storage.

The study of the reservoir will continue during the pilot operation phase to provide actual data on the effects of CO2 on rock and to assess its effects on different types of steel to ensure the safe construction and operation of underground carbon dioxide storage facilities.

The Company's key strategic goal is to achieve carbon neutrality by 2050. Rosneft aims to remain a reliable producer while minimising its impact on the climate and the environment.

The Rosneft 2030 Strategy sets out the Company's targets to reduce Scope 1 and 2 greenhouse gas emissions by 5% by 2025 and by 25% by 2035. The strategic goals are to be achieved through measures to reduce emissions, low-carbon power generation, development of energy-saving technologies, carbon capture and storage technologies, use of natural sequestration potential and others.

Rosneft
Information & Advertisement Department
January 15, 2024

Keywords: Environmental news 2024