Petronas, ADNOC, Storegga Target 5M tons per year of Carbon Capture

Tuesday, August 20, 2024
Copyright Fokussiert/AdobeStock

Malaysia's Petroliam Nasional (Petronas) will collaborate with Abu Dhabi National Oil Company (ADNOC) and U.K.-based Storegga to evaluate carbon dioxide emissions storage in Malaysia, the companies said on Tuesday.

The three companies have signed an agreement for assessing CO2 storage capabilities of saline aquifers and the construction of carbon capture and storage (CCS) facilities in the Penyu basin, offshore Peninsular Malaysia, they said in a joint statement.

The deal targets at least 5 million tons per annum of CO2 capture and storage capacity by 2030.

Malaysia has an abundance of deep saline aquifer reservoirs which presents an opportunity for the development of a CCS hub in Southeast Asia.
Activities under the agreement are scheduled to begin later this year, the companies added.

(Reuters)

Categories: Technology Subsea Carbon Capture Carbon Capture And Storage

Related Stories

First Steel Cut for HVAC Infrastructure for Belgian Offshore Energy Hub

First Steel Cut for HVAC Infrastructure for Belgian Offshore Energy Hub

Decom Engineering Launches Ultra-Light Chopsaw for Subsea Ops

Decom Engineering Launches Ultra-Light Chopsaw for Subsea Ops

SLB Rolls Out Sequestri Carbon Storage Tech Portfolio

SLB Rolls Out Sequestri Carbon Storage Tech Portfolio

Current News

Aibel to Provide Maintenance Services for Two Vår Energi’s Oil and Gas Fields

MDL Assists Saipem to Deliver Offshore Campaigns in West Africa

Woodside and Jera Agree LNG Cargoes Supply for Japan’s Winter Period

Strategic Marine Delivers Fourth Fast Crew Boat to Thai Firm

Subscribe for OE Digital E‑News

Offshore Engineer Magazine