PETRONAS Carigali has reached the Final Investment Decision for the development of its Kasawari CO2 Sequestration project offshore Sarawak. The FID was approved on 20 October 2022, followed by the award of the Engineering, Procurement, Construction, Installation and Commissioning contract for the project to Malaysia Marine and Heavy Engineering on 3 November. The CCS project, located in Block SK316 about 200 kilometres 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. The project aspires to pave the way forward for future decarbonisation plans for PETRONAS and Malaysia, as well as to support PETRONAS’ progress towards achieving its Net Zero Carbon Emission (NZCE) by 2050 targets.
PETRONAS Carigali has reached the Final Investment Decision for the development of its Kasawari CO2 Sequestration project offshore Sarawak. The FID was approved on 20 October 2022, followed by the award of the Engineering, Procurement, Construction, Installation and Commissioning contract for the project to Malaysia Marine and Heavy Engineering on 3 November. The CCS project, located in Block SK316 about 200 kilometres 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. The project aspires to pave the way forward for future decarbonisation plans for PETRONAS and Malaysia, as well as to support PETRONAS’ progress towards achieving its Net Zero Carbon Emission (NZCE) by 2050 targets.
