Sarawak says ‘not in picture’ over Petronas’ oil production share with foreign firms


Dateline 2016-08-28, Malay Mail Online:

The Sarawak government said it is in the dark about Petronas’ production sharing contracts (PSCs) award to Thai and Kuwaiti companies to jointly explore a block of petroleum resource off the state’s coast.

Sarawak Chief Minister Tan Sri Adenan Satem repeatedly said he did not have any knowledge of the matter when questioned about Block SK410B, said to be located in shallow waters off the state’s coast, The Borneo Post reported today.

“I don’t know about this matter, so cannot make any comments,” he told a news conference in Kuching yesterday, even after being informed that Thailand’s PTTEP HK Offshore Ltd and Kuwait’s Kufpec Malaysia Sdn Bhd would hold 42.5 per cent respectively, while Petronas Carigali Sdn Bhd would hold only 15 per cent of the PSC.

The award was reportedly inked on July 21.

 

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