Petros, PETRONAS and Japan consortium sign CO2 storage site agreement

KUCHING: Petroleum Sarawak Bhd (Petros), Petronas subsidiary CCS Ventures Sdn Bhd, and three Japanese consortium parties signed a storage site agreement (SSA) for the M3 depleted field offshore Sarawak on Monday.

In a joint statement today, the companies said the agreement paves the way for feasibility studies of the carbon dioxide (CO2) storage sites to be done, starting with the M3 depleted field, and also planning of CO2 storage site development.