KUALA LUMPUR: Petroliam Nasional Bhd (Petronas) has signed two Memoranda of Understanding (MoU) with United Arab Emirates (UAE)-based Abu Dhabi National Oil Company (ADNOC) and Masdar to pursue collaborations across the energy value chain.
The MoU with ADNOC spans the entire oil and gas value chain wherein ADNOC welcomes Petronas to seek opportunities to collaborate in the exploration, development, and production of Abu Dhabi’s significant conventional and unconventional resources.
"The scope extends into potential research and development and applied technology cooperation in enhanced hydrocarbon recovery, carbon capture, utilisation and storage, gas sustainability, specialty chemicals, unconventional resources, and hydrogen technologies.
"In the downstream sector, Petronas and ADNOC will explore cooperation in trading, including the supply of crude and feedstock and the offtake of refined products. Both parties will also assess domestic and international opportunities to maximise value creation down the chain," Petronas said in a statement today.
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