ADNOC, PETRONAS and Storegga have signed a joint study and development agreement (JSDA) to explore carbon capture and storage (CCS) capabilities in the Penyu basin, offshore Peninsular Malaysia. The partnership aims to achieve a carbon capture and storage capacity of at least 5 million tonnes per annum (mtpa) by 2030. The agreement includes studies on CO2 shipping logistics, geophysical modelling, and the use of advanced technologies like artificial intelligence to enhance storage capacity.
The partnership aligns with the country’s National Energy Transition Roadmap (NETR). The initiative supports Malaysia’s goal of becoming a sustainable, low-carbon economy.