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

Tuesday, August 20, 2024

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

China's Sinopec Laucnhes $690M Hydrogen Venture Capital Funds

BW Opal FPSO Vessel set for Work off Australia

Velesto’s Jack-Up Rig Set for Drilling Job off Indonesia

Velesto’s Jack-Up Rig Up for Drilling Job Offshore Vietnam

Indonesia's Medco Starts Production at Natuna Sea Fields

ADNOC’s XRG Partners Up with Petronas for Offshore Gas Block in Caspian Sea

Valeura Energy Greenlights Wassana Oil Field Redevelopment off Thailand

TMC Books Compressors Orders for FPSO and LNG Vessels

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

McDermott Concludes Work at PTTEP’s Kikeh Gas Field Off Malaysia

Current News

OMV Exits Ghasha Gas Project off UAE with Lukoil Stake Sale

China's Sinopec Laucnhes $690M Hydrogen Venture Capital Funds

CIP, ACEN Partner Up for First Large-Scale Offshore Wind Farm in Philippines

Valeura Concludes Eight-Well Drilling Campaign in Gulf of Thailand

Three Dead in Chevron's Angolan Oil Patform Fire

BW Opal FPSO Vessel set for Work off Australia

Keyfield Ventures into Indonesia’s Oil and Gas Market with New Partner

Fire Contained at Vietnamese Oil Platform Undergoing Decommissioning (Video)

Velesto’s Jack-Up Rig Set for Drilling Job off Indonesia

Petronas, Inpex Secure Oil and Gas Exploration Rights off Indonesia

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