Petroleum Sarawak Bhd (Petros), Petronas subsidiary CCS Ventures Sdn Bhd, and three Japanese consortium parties signed a storage site agreement (SSA) for the M3 depleted field offshore Sarawak.In a joint statement, the companies said the agreement paves the way for feasibility studies of the carbon dioxide (CO2) storage sites to be done, starting with the M3 depleted field, and also planning of CO2 storage site development. The statement also said that the collaboration represents a significant advancement in the effort to reduce greenhouse gas emissions in Asia Pacific, including Malaysia and Japan.

Source: The Star