ExxonMobil has initiated the process to award EPC contracts as part of its plans to expand carbon capture and storage (CCS) at its LaBarge, Wyoming facility. The expansion project will capture up to 1 million metric tons of CO2, in addition to the 6-7 million metric tons already captured at LaBarge each year. The investment for the project is expected to be ~US$400 million. This we believe will enable Exxon to maintain production at current rates from a field that is thought to have another 100 years of production life. The purpose of the carbon capture project is to capture the low-pressure, low-quality CO2 that is currently being vented, and compress it to sales quality CO2 that could be sold to customers or injected into a disposal well.
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