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PETRONAS Carigali finalises Kasawari project

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PETRONAS Carigali Sdn Bhd has reached the final investment decision (FID) for the developmen­t of the Kasawari CO2 Sequestrat­ion (CCS) project offshore Sarawak.

According to the oil and gas company, the project, located in Block SK316 about 200km 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.

It said the FID was approved on Oct 20, 2022, followed by the award of the engineerin­g, procuremen­t, constructi­on, installati­on and commission­ing contract for the project to Malaysia Marine and Heavy Engineerin­g Sdn Bhd on Nov 3.

“The FID marks a crucial stage in the progress of CCS solutions. This project is expected to become the catalyst in achieving end-toend CCS capability developmen­t within PETRONAS and the first step in unlocking Malaysia’s potential as a regional CCS solutions hub.

“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 by 2050 targets,” said PETRONAS Carigali CEO Hasliza Othman.

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