Growing concern on global warming directly related to CO2 emissions is steering the implementation of carbon capture and storage (CCS). With Malaysia having an estimated 37 Tscfd (Trillion standard cubic feet) of natural gas remains undeveloped in CO2 containing natural gas fields, there is a need to assess the viability of CCS implementation. This study performs a techno-economic analysis for CCS at an offshore natural gas field in Malaysia. The framework includes a gas field model, revenue model, and cost model. A techno-economic spreadsheet consisting of Net Present Value (NPV), Payback Period (PBP), and Internal Rate of Return (IRR) is developed over the gas field’s production life of 15 years for four distinctive CO2 capture technologies, which are membrane, chemical absorption, physical absorption, and cryogenics. Results predict that physical absorption solvent (Selexol) as CO2 capture technology is most feasible with IRR of 15% and PBP of 7.94 years. The output from the techno-economic model and associated risks of the CCS project are quantified by employing sensitivity analysis (SA), which indicated that the project NPV is exceptionally sensitive to gas price. On this basis, the economic performance of the project is reliant on revenues from gas sales, which is dictated by gas market price uncertainties.