PETRONAS, ADNOC and Storegga To Collaborate On Offshore Carbon Capture and Storage In Malaysia

KUALA LUMPUR and ABU DHABI, UAE, Aug 20 (Bernama) -- PETRONAS, ADNOC and Storegga announced today the signing of a Joint Study and Development Agreement (JSDA) to evaluate the carbon dioxide (CO₂) emissions storage capabilities of saline aquifers and the construction of carbon capture and storage (CCS) facilities in the Penyu basin, offshore Peninsular Malaysia.

The agreement is targeting at least 5 million tonnes per annum (mtpa) of CO₂ capture and storage capacity by 2030 and its scope includes a CO₂ shipping and logistics study, geophysical and geomechanical modelling, reservoir simulation and containment research while exploring the application of advanced technologies, including artificial intelligence (AI), to enhance storage capacity.