KUALA LUMPUR (March 28): Petroliam Nasional Bhd has inked an agreement with French outfit Total to jointly study the development and production potential of K5, a high carbon dioxide gas field offshore Sarawak.
In a statement Wednesday, Petronas said it signed a heads of agreement (HOA) with Total on March 27 to explore the possibility of developing the field in ways that are technically, commercially and environmentally viable.
The national oil company said scope of the study would also include the development of carbon dioxide management technologies in the areas of carbon capture, transportation and sequestration.
It said the study was set to commence immediately and would take 15 months to complete.
Petronas said that k5, which was discovered in 1970, is a sour gas field with up to 70% carbon dioxide content.
It said K5 was located about 230km from Bintulu in water depth of 80 metres.
“Successful development of, and eventual production from such a field requires extensive study and research, and if the study finds it viable, K5 will be the first gas field with more than 50%t carbon dioxide content to be developed in Malaysia,” it said.
Petronas said that as more and more discovered gas resource in Malaysia contained high carbon dioxide, it was important that the national oil firm develops the expertise and technological know-how to develop this resource in the safest, most responsible manner.
“The application of new technologies is part of PETRONAS’ continuous efforts to ensure the security of energy and gas supply to the nation,” it said.
Representing Petronas at the signing ceremony was its vice president of petroleum management Ramlan Abdul malek, while signing on behalf of Total was Total E&P Malaysia general manager Vincent Dutel.
In a statement Wednesday, Petronas said it signed a heads of agreement (HOA) with Total on March 27 to explore the possibility of developing the field in ways that are technically, commercially and environmentally viable.
The national oil company said scope of the study would also include the development of carbon dioxide management technologies in the areas of carbon capture, transportation and sequestration.
It said the study was set to commence immediately and would take 15 months to complete.
Petronas said that k5, which was discovered in 1970, is a sour gas field with up to 70% carbon dioxide content.
It said K5 was located about 230km from Bintulu in water depth of 80 metres.
“Successful development of, and eventual production from such a field requires extensive study and research, and if the study finds it viable, K5 will be the first gas field with more than 50%t carbon dioxide content to be developed in Malaysia,” it said.
Petronas said that as more and more discovered gas resource in Malaysia contained high carbon dioxide, it was important that the national oil firm develops the expertise and technological know-how to develop this resource in the safest, most responsible manner.
“The application of new technologies is part of PETRONAS’ continuous efforts to ensure the security of energy and gas supply to the nation,” it said.
Representing Petronas at the signing ceremony was its vice president of petroleum management Ramlan Abdul malek, while signing on behalf of Total was Total E&P Malaysia general manager Vincent Dutel.
