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Petronas partners with Exxon Mobil to explore carbon storage opportunities -Breaking

by Mike Robinson

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© Reuters. FILEPHOTO: The logo for Petronas is shown against the darkening sky of Kuala Lumpur (Malaysia), February 10, 2016. Interview with Olivia Harris

KUALA LUMPUR, (Reuters) – Malaysia’s State Energy Firm Petroliam Nasional Berhad or Petrolas (Petronas) announced Tuesday that it had partnered with a Malaysian unit. Exxon Mobil Corporation (NYSE:) will jointly look at opportunities for carbon capture and storage technologies (CCS), in order to help decarbonise our country’s downstream industry.

Exxon Mobil stated last month that it plans to establish CCS hubs throughout Southeast Asia. It has also begun discussions with countries interested in carbon dioxide storage.

Petronas announced that both firms will evaluate the viability and potential applications of CCS in select locations, offshore Peninsular Malaysia.

They will also exchange subsurface technical information to allow CO2 storage characterisation and assessment.

Petronas stated that relevant data about pipelines, facilities, and wells would also be shared in order to assess the potential reutilisation existing infrastructure to transport and store at selected locations.

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