PETRONAS Carigali reaches final investment decision for Kasawari CCS project

KUALA LUMPUR: PETRONAS Carigali Sdn Bhd has reached the final investment decision (FID) for the development of the Kasawari CO2 Sequestration (CCS) project offshore Sarawak.

According to the oil and gas company, the CCS project, located in Block SK316 about 200km off Bintulu, is expected to reduce carbon dioxide volume emitted via flaring by 3.3 MtCO2e annually, making it one of the largest offshore CCS projects in the world.