ADNOC, an energy company owned by the UAE government, announced that it has signed a Joint Study and Development Agreement (JSDA) with PETRONAS, a Malaysian oil and gas giant, and Storegga, a carbon capture and storage company.
The JSDA was signed to assess the potential for storing carbon dioxide (CO2) in saline aquifers and develop carbon capture and storage (CCS) facilities in the Penyu Basin, offshore Peninsular Malaysia.
As per the announcement, the agreement is “targeting at least 5 million tonnes per annum of CCS capacity by 2030”.
Additionally, it entails a range of activities, including a study on CO2 shipping and logistics, geophysical and geomechanical modelling, reservoir simulation, and containment research.
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The study will also investigate using advanced technologies, such as artificial intelligence (AI), to optimise storage capacity.
Nora’in Md Salleh, PETRONAS CCS Solutions Sdn. Bhd. (PCCSS)’s Chief Executive Officer said, “This agreement with ADNOC and Storegga will potentially allow us to build our capability to develop and de-risk saline aquifers as carbon dioxide storage sites by leveraging on our partners’ expertise and experience in other regions.”
He added, “This strategic partnership aligns with PETRONAS’ overarching goal of establishing Malaysia as a regional CCS hub to serve Asia Pacific where it may build up the storage capacity through saline aquifers. This also demonstrates our earnestness in establishing the right pace to deliver CCS hubs here while also contributing to the national climate target.”
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The abundant availability of deep saline aquifer reservoirs in Malaysia should enable the development of large-scale, permanent CO2 storage solutions. The assessments will aim to devise the most feasible methods for doing so. Â
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The activities encompassed in the study are provisionally slated to begin later this year.