KUCHING: Petroleum Sarawak Bhd (Petros) will work with PETRONAS and three Japanese consortium parties to develop carbon storage at a depleted oil field off the shore of Sarawak.
Petros signed a storage site agreement with PETRONAS subsidiary CCS Ventures Sdn Bhd and the Japanese consortium comprising Japan Petroleum Exploration Co Ltd (Japex), JGC Holdings Corporation and Kawasaki Kisen Kaisha Ltd to enable feasibility studies of carbon storage sites starting with the M3 depleted field.
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