Petronas granted permit for CCS assessment offshore Malaysia

Petronas subsidiary Petronas CCS Ventures Sdn Bhd (PCCSV) has been granted an Offshore Assessment Permit aimed at determining technical and commercial feasibility of carbon capture and storage (CCS) at the Duyong area, offshore Malaysia. 

The permit, granted by by the Malaysia Carbon Capture, Utilization, and Storage (MyCCUS) Agency, allows PCCSV rights to conduct comprehensive offshore geological assessments for Duyong field, enabling the ongoing collaboration among PCCSV, TotalEnergies, and Mitsui & Co. Ltd. under a Key Principles Agreement (KPA) dated July 2025.

“The granting of the Offshore Assessment Permit by the MyCCUS Agency represents a critical milestone for the Duyong CCS project,” said Emry Hisham Yusoff, chief executive officer of PCCSV. “This permit allows our collaboration with TotalEnergies and MITSUI to advance to the next phase of technical studies and evaluations, bringing us closer to realising Duyong’s potential as a safe and commercially viable CO₂ storage site.

The KPA enables the partners to begin front-end engineering design (FEED) for evaluating the Duyong area’s potential as a carbon storage site, which is part of the Southern CCS offshore hub development.

The permit is the first issued under the newly enacted Carbon Capture, Utilization, and Storage Act [Act 870] (CCUS Act 2025) enforced on Oct. 1, 2025.