State to tap marginal oilfields


Dateline 2017-04-01, Borneo Post:

Turning Bintulu into a gas hub, continuing to exploit small pool reserves and enhancing local participation in both upstream and downstream activities are among the key focus areas to boost Sarawak’s position in the oil and gas sector.

In highlighting this, Chief Minister Datuk Amar Abang Johari Tun Openg said these measures were on top of the government’s persistent push for 20 per cent oil royalty from the federal government and Petronas.

“Oil and gas resources are still available in Sarawak based on a seismic study showing that hydrocarbons are still found in certain exploited areas either in the form of oil or gas,” he pointed out.

As such, he informed that the state government had indicated to Petronas, Sarawak’s interest in continuing to tap into the marginal fields of oil and gas reserves in the state.

Abang Johari was addressing OceanMight Sdn Bhd’s safety achievement celebration for reaching one million man-hours without Loss Time Injury for the EPC Kinabalu Redevelopment Project which was held in its yard at KKB Engineering Bhd, Jalan Bako here.

Marginal fields known as ‘tekih tekih minyak’ by Sarawakians, according to Abang Johari, are small oil and gas reserves that have been exploited and which big oil companies like Shell or Petronas were not interested in tapping further.

 

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