News listings

energy-pedia climate change

Malaysia flagMalaysia

Central & SE Asia / Australasia >>> Malaysia

Malaysia: PETRONAS Carigali reaches Final Investment Decision for Kasawari CCS project offshore Sarawak


29 Nov 2022

PETRONAS Carigali, a wholly-owned subsidiary of PETRONAS, has reached the Final Investment Decision (FID) for the development of its Kasawari CO2 Sequestration (CCS) project offshore Sarawak.

The FID was approved on 20 October 2022, followed by the award of the Engineering, Procurement, Construction, Installation and Commissioning (EPCIC) contract for the project to Malaysia Marine and Heavy Engineering Sdn Bhd (MMHE) on 3 November.

The CCS project, located in Block SK316 about 200 kms off Bintulu, is expected to reduce carbon dioxide volume emitted via flaring by 3.3 MtCO2e annually, making it one of the largest offshore CCS projects in the world.

Petronas Carigali's Chief Executive Officer, Hasliza Othman said, 'The FID marks a crucial stage in the progress of CCS solutions. This project is expected to become the catalyst in achieving end-to-end CCS capability development within PETRONAS and the first step in unlocking Malaysia’s potential as a regional CCS solutions hub.'

The project aspires to pave the way forward for future decarbonisation plans for PETRONAS and Malaysia, as well as to support PETRONAS’ progress towards achieving its Net Zero Carbon Emission (NZCE) by 2050 targets.

Original article link

Source: PETRONAS





Bookmark and Share


A global information service for upstream oil and gas opportunities - divestitures, farmins and farmouts and licensing rounds.


Subscriber Only Deals

Current Deals

Current Upstream Deals: 279

Completed Deals

Completed Upstream Deals: 6412

Company Profiles

Current Company Profiles: 2863

Corporate Activity

Current Corporate Activity articles: 3992

Companies Looking

Current number of articles: 460

Company Sales

Current Company Sales articles:1601

Geostudies

Current Geostudies articles: 901

How to subscribe

energy-pedia Jobs

RSS Feed Widget
See all jobs...


energy-pedia Databank

The energy-pedia databank contains links to information on the world financial and energy markets, including share prices, oil and gas prices and the global stock exchanges. Read more...



energy-pedia Glossary

A list of commonly used terms in the oil and gas industry. Read more...

Subscribe

Subscribe to the FREE
energy-pedia Daily Newsletter
Subscribe

Government of South Australia
Bayphase
OPC
Union Jack Oil 149
energy365
Syntillica
Borchwix
About energy-pedia

energy-pedia news is a FREE news service written and edited by E and P professionals for E and P professionals.

We don't just report the news, we give you the technical background as well, with additional information derived from our unique energy-pedia opportunities service.
Contact us

energy365 Ltd

238 High Street
London Colney
St Albans
UNITED KINGDOM

Tel: +44(0)1727 822675

Email: info@energy-pedia.com