As well as Kasawari, which contains between 30% and 40% CO2, Block SK 316 is also home to the producing NC3 field that supplies gas to Train 9 at Petronas’ LNG Complex at Bintulu.
Sources said that Petronas, working with an investment bank, is soliciting proposals for up to 49% equity in its domestic Block SK 316 that could fetch up to US$1 billion.
