Malaysian national oil company Petronas is looking for partners to help deal with “large scale” proven gas discoveries off Borneo, which contain higher than normal levels of Carbon Dioxide (CO2).
The firm has issued a statement on the development of block SK316 offshore Sarawak due to “misleading” and “misinformed” reports and comments about the firm’s strategy.
Petronas said block SK316 contains strategic, large scale proven gas discoveries and exploration prospects with “some of them” containing relatively higher levels of CO2.
The firm added in its statement: “Successful and efficient exploration and development of block SK316 will require specific technologies and capability to address the CO2 to sustain the production of clean energy for customers in Malaysia and elsewhere in the world.
“Petronas is interested to explore the latest state-of-the-art technologies for application in the SK316 block with experienced E&P technology partner or partners.
“As part of this effort, we have invited proposals from selected E&P players to find the right partner(s) with the required capability and solutions. We will be critically evaluating the proposals to maximise the value of this important project.”
Petronas added that the successful extraction of the gas reserves in block SK316 could bring “tremendous value” to all stakeholders.
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