Oil and gas firms must follow state laws from July 1, says Abang Jo

June 29, 2018

Dateline 2018-05-16, FMT:

 Sarawak Chief Minister Abang Johari Openg says with effect from July 1, 2018, oil and gas (O&G) industry players must abide by state laws such as the Oil Mining Ordinance (OMO) 1958 and Gas Distribution Ordinance (GDO) 2016.

He said the state will continue to cooperate with the federal government and Petronas to ensure the local O&G industry continues to flourish and contributes to the country’s economic growth.

“We will update the federal government and its agencies on the steps taken to regulate the O&G industry in accordance with state laws.

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PETRONAS, Aramco launch joint ventures in Malaysia

June 28, 2018

Dateline 2018-05-16, Saudi Gazette:

Nasional Berhad (Petronas), the national oil company of Malaysia and Saudi Arabian Oil Company (Saudi Aramco) Moday launched “PRefChem”, the corporate identity for their joint ventures in the Pengerang Integrated Complex (PIC) located in Pengerang, Johor, Malaysia. PRefChem comprises Pengerang Refining Company Sdn Bhd (PRefChem Refining) and Pengerang Petrochemical Company Sdn Bhd (PRefChem Petrochemical), both will be collectively known as “PRefChem”.

Petronas and Saudi Aramco had earlier in March 2018 concluded the Share Purchase Agreement for equal ownership and participation in the operations of the refinery, cracker and selected petrochemical facilities in the PIC.

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Diving 2018-03 Pulau Weh 7 of 7

June 27, 2018
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Oil Money Might Help Mahathir Fund Malaysia’s Budget Without GST

June 26, 2018

Slow news week. My apologies for the slowdown in the O&G sector.

Dateline 2018-05-16, Bloomberg:

A promise to scrap the goods-and-services tax helped Prime Minister Mahathir Mohamad win an election that led to Malaysia’s first change in government since independence.

 Now, the question is how he will fund the nation’s budget without the 44.3 billion ringgit ($11 billion) earned from the consumption tax in 2017 alone. The answer might lie in his coalition’s manifesto.

The Pakatan Harapan alliance pledged to set up a sovereign wealth fund using profits from state-owned oil company Petroliam Nasional Bhd. to provide future welfare for the people and stability to the country. That may help the government balance its budget as it moves toward scrapping the GST.

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Analysis: Malaysia regime change heralds risks for Southeast Asian oil and gas

June 25, 2018

Dateline 2018-05-11, Platts:

The surprise outcome of Malaysia’s historic 2018 elections has elevated risks for the oil and gas sector in Southeast Asia, stemming from the winning coalition’s stance on fuel subsidies, its position on Chinese business investment and potential interference in the working of Petronas — one of the largest national oil companies in the region.

Malaysia is currently the world’s third-largest exporter of LNG, having been displaced by Australia from second place in 2017, and the second-largest oil and natural gas producer in Southeast Asia after Indonesia.

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Diving 2018-03 Pulau Weh 6 of 7

June 20, 2018
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Warning against intrusion near oil rigs

June 17, 2018

Dateline 2018-05-05, Daily Express:

The Malaysian Maritime Enforcement Agency (MMEA) will take stern action against those caught intruding into oil rig areas in the State waters and conducting fish bombing activities.

Its District Director, First Admiral Adam Aziz, said the agency arrested seven people who did not possess any valid documents in the past two years for intruding into the restricted areas.

He said items worth an estimated RM15,000 were seized, including pump boats, which would be destroyed according to the procedure set under the Malaysian law.

“The agency will identify the boats’ registration numbers, issue warnings and take appropriate action against their owners.

“Most of these wrongdoers had intruded into the said areas for fishing and some were seen smoking cigarettes and even cooking their meals under the rigs, posing safety risks to the oil rig workers and fishermen,” he said.

“Those caught intruding into those areas risk a RM10,000 fine or two years’ jail, or both, under the Protected Areas and Protected Places Act 1959,” he added.

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MPRC to engage Sarawak, Petros on new O&G ruling

June 16, 2018

For the historical record.

Dateline 2018-04-24, The Malaysian Reserve:

Malaysia Petroleum Resources Corp (MPRC) will collaborate with the Sarawak state government on the latter’s move to assume control of its oil and gas (O&G) rights from Petroliam Nasional Bhd (Petronas).

MPRC stated it would also engage with the relevant parties including Petroleum Sarawak Bhd (Petros) on how local O&G service and equipment players are to proceed once the takeover move and new rulings come into effect on July 1 this year.

“We will update industry players once there is further clarity on the regulatory structure and how local O&G service and equipment companies could be impacted by the changes,” MPRC stated in its response to a query by The Malaysian Reserve (TMR) on the latest status of the move by the Sarawak state government.

Following prospective amendments to the Oil Mining Ordinance 1958 and Gas Distribution Ordinance 2016, companies involved in Sarawak’s O&G industry will be required to obtain the necessary licences and leases from the state government.

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O&G industry under state law

June 15, 2018

This may be a historical note, maybe not.

Dateline 2018-04-20, Borneo Post:

Actions and penalties will be taken against any person or company including its contractors, sub-contractors and vendors operating in Sarawak without licences issued by the state government when the new regulatory framework over the oil and gas industry comes into force effective this July 1.

In order to ensure an orderly implementation of these new policies by the state government, Chief Minister Datuk Patinggi Abang Johari Tun Openg said an engagement with all industry players including Petronas will be held in the middle of next month (May).

“This is to inform them (industry players) about the state’s new regulatory framework over the upstream and downstream aspects of the oil and gas industry in Sarawak,” he told a press conference after witnessing the signing of a land lease agreement for the development of an integrated supply base at Bintulu Port in a leading hotel here yesterday.

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BPA, Bintulu Supply Base sign land lease agreement

June 14, 2018

Dateline 2018-04-19, Borneo Post:

Sarawak’s oil and gas industry achieved another milestone today with the signing of the land lease agreement for the development of an integrated supply base at the Second Inner Harbour, Bintulu Port.

The supply base will cater to the needs of the oil and gas industry offshore East Malaysia, and is targeted for start of commercial operations by the fourth quarter of 2019.

The signing of the land lease agreement between Bintulu Port Authority (BPA) and Bintulu Supply Base Sdn Bhd was witnessed by Chief Minister Datuk Patinggi Abang Johari Tun Openg.

BPA was represented by its chairman Hadzari Abang and general manager Zulkurnain Ayub while Bintulu Supply Base was represented by its chairman Ahmadi Yusoff and director Datuk Ahmad Redza Abdullah.

Abang Johari pointed out that this new integrated supply base at Bintulu Port, will become a one-stop centralised logistic support centre to service the needs of oil and gas exploration, development and production activities in off shore areas of Sarawak.

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