General – decarbonization
Malaysian national oil company Petronas has signed an agreement with ExxonMobil to jointly explore carbon capture and storage (CCS) technologies to help decarbonise Malaysia’s upstream industry and to provide CO2 storage solutions for the region.
Petronas said the Memorandum of Understanding with ExxonMobil’s Malaysian subsidiary will lead to an assessment of potential CCS projects in certain locations offshore Peninsular Malaysia, and identify suitable technology within the scope of carbon capture, transport and storage for potential application.
The two companies will also share subsurface technical data to enable CO2 storage assessment and characterization.
