Petronas’ subisidary Petronas Carigali Sdn Bhd (PCSB) has achieved a final investment decision (FID) for the Kasawari carbon capture and storage (CCS) project. This is the first carbon capture, storage, and utilisation scheme in Malaysian waters.
The FID was approved on 20 October, before an engineering, procurement, construction, installation, and commissioning (EPCIC) contract related to the project was awarded to Malaysia Marine and Heavy Engineering Sdn Bhd (MMHE) on 3 November.
The Kasawari CCS initiative will capture carbon dioxide from the Kasawari Phase 2 and later inject it into a nearby depleted gas field.
Once finalised, Kasawari will be one of the world’s largest CCS projects, reducing CO2 emmissions by flaring 3.3 million tons of carbon dioxide equivalent (mtCO2e) per year.
For more information please visit EICDataStream.