Triangle Energy (Global) Ltd’s joint venture partner, Pilot Energy (ASX:PGY), has completed the first stage of the Mid West Blue Hydrogen (Blue H2) and Carbon Capture and Storage (CCS) study centred on the Cliff Head Oil Field.
Pilot Energy (ASX:PGY) holds a 21.25% interest in the Cliff Head Oil Field through its 50% ownership of Triangle Energy, the operator of the Cliff Head Oil Field.
The CCS and Blue H2 feasibility studies are being jointly funded and contributed to by Pilot, APA Group (ASX:APA) and Warrego Energy. A summary of the results can be found below:
Results outline development path
“Pilot is very excited about the results emanating from the feasibility studies,” Pilot Energy chair Brad Lingo said.
“The results not only show how competitive an integrated clean energy project can be in Mid West Western Australia, but also outline a clear multi-stage development path starting with carbon capture and storage and building off this platform to produce clean power and hydrogen for the domestic market and ultimately moves into production of low-cost clean ammonia for export as the new clean fuel for Asian energy markets.
“This staged development path is very much in the reach of the company (Pilot) in terms of financial capacity and technical delivery taking advantage of the existing Cliff Head Oil Field infrastructure and operations.
“The company is very focused on delivering a First-to-Market CCS Project in the Mid West to anchor the further development of a Clean Hydrogen/ Ammonia and Renewable Energy Project.”
Pilot has outlined a forward plan for the staged development of the Cliff Head project:
About Triangle Energy
Triangle Energy is an oil producer and explorer that has a majority interest in and is the operator of the producing Cliff Head Oil Field offshore Perth Basin and which includes the Arrowsmith Stabilisation Plant.
The company also has a 50% share of the Mt Horner L7 production licence and a 45% equity interest in the Xanadu-1 joint venture, both in the Perth Basin.
Additionally, Triangle has a substantial equity interest in State Gas Ltd (ASX:GAS), which has a 100% operating interest in the Reids Dome production licence (PL 231) in Queensland.