Sarawak state government to set up oil company

July 29, 2017

Dateline 2017-06-11, The Malay Mail:

The Sarawak government is planning to establish a state-owned offshore oil and gas exploration company in order to participate in the industry, said Chief Minister Datuk Amar Abang Johari Tun Openg.

He said the plan was discussed with national oil corporation, Petronas, which was very receptive to the idea of the state-owned company partaking in upstream and downstream oil and gas exploration activities.

“I had discussions with Petronas, we are adopting a new approach.

“Sarawak will participate in both upstream and downstream oil and gas activities.

“In the upstream sector, this will be Sarawak’s maiden venture, as such, we need to set up a state-owned company in order to join Petronas in oil and gas exploration in the South China Sea.

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Be firm with Petronas on Sarawak’s share, Abang Johari urged

May 23, 2017

2017-04-13, FMT:

Chief Minister Abang Johari Openg should be firm with Petronas that it must consult Sarawak when deciding on its onshore and offshore blocks of oil and gas, Batu Lintang assemblyman See Chee How said.

See, the state PKR vice chairman, also urged the state government to consider investing in and taking ownership of the development of the petroleum resources within Sarawak’s territorial boundary.

The Borneo Post quoted See as saying it was unacceptable for Petronas to continue ignoring Sarawak’s assertion of rights to resources within the state’s territorial boundary.

“I am seriously contemplating to move a private member’s motion on this matter at the coming Sarawak State Assembly sitting scheduled from May 11 to 22, and I am hopeful that my fellow ADUNs (state assemblypersons) will be supportive of it, to take another important step towards fulfilling Tan Sri Adenan Satem’s, and all Sarawakians’, aspiration that Sarawak’s inherent sovereign and autonomous powers be respected by the Federation.”

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Be firm with Petronas on Sarawak’s share, Abang Johari urged

May 18, 2017

Dateline 2017-04-13, FMT:

Chief Minister Abang Johari Openg should be firm with Petronas that it must consult Sarawak when deciding on its onshore and offshore blocks of oil and gas, Batu Lintang assemblyman See Chee How said.

See, the state PKR vice chairman, also urged the state government to consider investing in and taking ownership of the development of the petroleum resources within Sarawak’s territorial boundary.

The Borneo Post quoted See as saying it was unacceptable for Petronas to continue ignoring Sarawak’s assertion of rights to resources within the state’s territorial boundary.

“I am seriously contemplating to move a private member’s motion on this matter at the coming Sarawak State Assembly sitting scheduled from May 11 to 22, and I am hopeful that my fellow ADUNs (state assemblypersons) will be supportive of it, to take another important step towards fulfilling Tan Sri Adenan Satem’s, and all Sarawakians’, aspiration that Sarawak’s inherent sovereign and autonomous powers be respected by the Federation.”

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State to tap marginal oilfields

April 11, 2017

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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Sarawak keen to turn Bintulu into gas industry hub

April 9, 2017

Dateline 2017-02-28, Malay Mail:

The Sarawak government is striving to turn Bintulu into a gas industry hub, says Chief Minister Datuk Amar Abang Johari Openg.

“We have brought up this (proposal) to the federal government (in our quest) to seek the cooperation of Petronas into making Bintulu a gas hub.

“If Pengerang (Johor) can become a refinery hub, we want Sarawak (Bintulu) to be the gas hub, and I have indicated this to Petronas,” he said.

He was speaking at the 1,000,000 Manhours Milestone Without Any Lost Time Injury for the EPC Kinabalu Re-Development Project Ceremony at Muara Tebas here today.

Abang Johari said the oil and gas industry should be centralised in Bintulu (in northern Sarawak) as its infrastructure and surroundings were feasible to cater to the industrial needs.

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Sarawak urged to buy stake in gas block from Petronas

March 28, 2017

I need a refresher on the mechanics of a PSC. Anyone want to come over and give it?

Dateline 2017-02-22, FMT:

Chief Minister Abang Johari Openg has been urged to take up the 49% stake in the SK316 offshore gas block which Petronas is reportedly planning to sell.

PKR Sarawak vice-chairman See Chee How said the Sarawak government should immediately negotiate with Petronas to purchase this stake.

See was responding to a Reuters report on Feb 20 that Petronas aimed to sell a large minority stake in the prized upstream local gas project for up to US$1 billion as it seeks to raise cash and cut development costs.

Petronas is looking to sell a stake of as much as 49% in the SK316 offshore gas block in Sarawak state, Reuters quoted sources as saying.

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