Petronas, JX Nippon to collaborate on proposal to develop gas fields off Malaysia

Dateline 2022-12-12, Reuters:

Malaysia’s state energy firm Petronas said on Monday it would work with JX Nippon Oil & Gas Exploration Corp on a joint proposal to monetise gas potential in the Bujang, Inas, Guling, Sepat and Tujoh (BIGST) fields located off the shores of peninsular Malaysia.

The BIGST fields are located off Kerteh, Terengganu in eastern Malaysia, Petronas said.

Carbon capture and storage (CCS) technology will be key to monetising the fields as they contain high carbon dioxide, Petronas said, adding that it will be the first CCS project in Peninsular Malaysia.

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