by Ganesh Sahathevan
Petronas block PM 310 offshore Johor was an "open" block,and did not have to be put out for auction.Anyone could put forward a proposal for it, but it remained on the market.
Now it appears that most of PM 310 has been subsumed into PM 445 and PM 417 which are being offered as part of Petronas' 2023 bidding round.
It could well be that the PM 310 is not economically viable for oil or gas, but it may possibly be useful as a carbon dioxide store. Determination of that potential will require the usual seismic and other work geophysical work, but if it is proven to be a viable store, there is likely to be demand from Singapore which is seeking to burnish its green credentials while earning vital dollars from its oil refining and petrochemical industries.
The Sultan Of Johor will be the next Yang Di Pertuan Agong. Will His Majesty demand that the former PM 310 offshore Johor be carved out of PM 445 and PM 417 , and expedite its development as a carbon warehouse for Singapore's refining and petrochemical industries ?
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