Petronas and Sarawak Shell BerhadCooperate to Explore Carbon Capture and Storage

Malaysia’s state oil firm Petroliam Nasional Berhad (Petronas) on Jan 11 signed an agreement with a subsidiary of Royal Dutch Shell to collaborate on carbon capture and storage (CCS) in the Southeast Asian country and the region. Under the Joint Study and Collaboration Agreement, Petronas and Sarawak Shell Berhad will perform an integrated CCS Area Development Plan study in several locations off Sarawak, Petronas said in a statement. “This is one of the many efforts to position and establish Malaysia as a leading CCS solutions hub in the region,” Adif Zulkifli, Petronas’ executive vice-president and CEO of Upstream. Petronas said the scope of the agreement includes exploring the provision of decarbonisation service to Shell’s local and cross-border facilities, as well as to other potential regional customers.