Petronas, JX Nippon Enter Deal for BIGST Offshore Fields in Malaysia

A. Ananthalakshmi
Monday, December 12, 2022

Malaysia's state energy firm Petronas said on Monday it would work with JX Nippon Oil & Gas Exploration Corp. on a joint proposal to monetize gas potential in the Bujang, Inas, Guling, Sepat, and Tujoh (BIGST) fields located off the shores of peninsular Malaysia. 

The BIGST fields are located off Kerteh, Terengganu in eastern Malaysia, Petronas said. 

Carbon capture and storage (CCS) technology will be key to monetizing the fields as they contain high carbon dioxide, Petronas said, adding that it will be the first CCS project in Peninsular Malaysia. 

"The BIGST cluster will also be the catalyst that is expected to spur the development of other high contaminant fields in Peninsular Malaysia, which was not possible prior to this, due to the lack of complete CO2 handling infrastructure," the company said in a statement. 

(Reuters - Reporting by A. Ananthalakshmi; Editing by Kanupriya Kapoor)

Categories: Energy Geoscience Industry News Activity Production Construction Carbon Capture CCS

Related Stories

CNOOC Starts Production at Two New Oil and Gas Projects

MODEC and Samsung Team Up to Install Carbon Capture Tech on FPSO

Sapura Energy Nets $720M from Multiple Drilling Services Contracts

SLB Names Raman CSO, CMO

Six New Gas Wells in Line for BP’s Shah Deniz Field in Caspian Sea

BP to Help Boost Oil and Gas Output at India’s Largest Producing Field

China’s CNOOC Brings Bohai Sea Oil Field On Stream

RINA to Conduct Pre-FEED Study for Petronas’ CCS Project in Malaysia

Sunda Energy Closing in on Jack-Up Deal for Chuditch-2 Appraisal Well

OPEC+ Passes on Oil Output Increase, Weighs the "Trump Effect"

Current News

Fire at Petronas Gas Pipeline in Malaysia Sends 63 to Hospital

Japan’s ENEOS Xplora, PVEP Ink Deal for Vietnam Offshore Block

CNOOC Makes Major Oil and Gas Discovery in South China Sea

Valeura’s Assets in Gulf of Thailand Remain Operational After Earthquake

Op-Ed: Kazakhstan’s National O&G Firm Positioning Itself as Global Energy Player

Woodside to Shed Some Trinidad and Tobago Assets for $206M

CNOOC Sees 11% Profit Growth in 2024 Driven by Record Oil Production

‘Ultra-Mega’ Offshore Deal for L&T at QatarEnergy LNG’s North Field Gas Scheme

Keel Laying for Wind Flyer Trimaran Crew Boat

MODEC Gets Shell’s Gato do Mato FPSO Ops and Maintenance Job

Subscribe for AOG Digital E‑News

AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

https://accounts.newwavemedia.com