Why Iberville Parish?
There are a number of factors that make Iberville Parish a prime location for CO2 storage. Iberville Parish has the right kind of underground rock formations to safely and effectively store CO2 permanently. At the same time, areas of the parish have not had the history of excessive oil and natural gas exploration that has left a number of unattended wells. In addition, landowners in the area have provided ExxonMobil the right to store CO2 under their property in exchange for fair compensation.
Our current research work in the parish – and LDCE’s evaluation of the resulting information – are designed to confirm CO2 storage will be safe. Only after we and regulators make this determination, will we proceed.