KUALA LUMPUR, Nov 29 (Bernama) — PETRONAS Carigali Sdn Bhd (PCSB), a wholly-owned subsidiary of PETRONAS, has reached the Final Investment Decision (FID) for the development of its Kasawari CO₂ Sequestration (CCS) project offshore Sarawak.
The FID was approved on 20 October 2022, followed by the award of the Engineering, Procurement, Construction, Installation and Commissioning (EPCIC) contract for the project to Malaysia Marine and Heavy Engineering Sdn Bhd (MMHE) on 3 November.