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

Allseas-Boskalis Consortium Bags $1.4B Offshore Gas Pipeline Job in Taiwan

Yinson, PTSC Get $600M Contract for Vietnam-Bound FSO

PTTEP Buys Chevron's Hess Unit Share of Southeast Asia’s Offshore Block for $450M

Valeura Energy, PTTEP Partner Up on Gulf of Thailand Blocks

SBM Offshore’s Jaguar FPSO Enters Drydock in Singapore (Video)

EnQuest Picks Up Offshore Oil and Gas Block in Brunei

EnQuest Acquires Harbour Energy’s Vietnamese Assets

Yinson Production, “K” LINE Target Europe's CCS with FSIU and LCO2 Solutions

Aker Solutions, PTAS JV Hooks Brownfield Services Extension off Brunei

TMC Books Compressors Orders for FPSO and LNG Vessels

Current News

Inpex Starts FEED Work for Abadi LNG Scheme Offshore Indonesia

ADNOC Signs Long-Term LNG Deal with Hindustan Petroleum Corporation

Sapura Energy Rebrands to Vantris Energy

BP, ONGC, Reliance Industries Ink Deal for Offshore Exploration in India

Allseas-Boskalis Consortium Bags $1.4B Offshore Gas Pipeline Job in Taiwan

CNOOC Brings New Offshore Gas Field On Stream

Yinson, PTSC Get $600M Contract for Vietnam-Bound FSO

PTTEP Buys Chevron's Hess Unit Share of Southeast Asia’s Offshore Block for $450M

Valeura Energy, PTTEP Partner Up on Gulf of Thailand Blocks

Sapura Scoops Over $118M for Chevron, PTTEP Subsea Ops off Thailand

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