Time for Petros to lay out its plans

December 4, 2018

Yeah, since Sabah wants to emulate them.

Dateline 2018-10-11, FMT:

It has been over one and a half years since the announcement to set up Petroleum Sarawak Bhd (Petros) was made. Until today, no specifics have been released by the Sarawak government or its Chief Minister Abang Johari Openg.

As days go by, more questions emerge such as the amount of initial paid-up and working capital the state government will inject to get Petros operational, and who will make up the senior management aside from Saau Kakok who has been announced as its CEO.

Saau is a former special projects vice-president of US-based independent oil company, Hess Corporation.

Abang Johari, when announcing the setting up of Petros in 2017, said: “Petros is expected to be in operation within six months because we must get our side ready for us to get involved in upstream oil and gas (O&G) activities.”

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‘Politics need not dominate oil royalty talks’

October 27, 2018

And here’s me thinking, isn’t politics the point of the talks?

Dateline 2018-08-01, Borneo Post:

Chief Minister Datuk Patinggi Abang Johari Tun Openg says the issue of oil royalty needs to be discussed professionally between Petronas, representing the federal government, and Petros, which represents the Sarawak government.

He said politics must not be too dominant in the discussion, which was now ongoing between the two parties.

According to him, the discussion started following the Federal Court decision in June to dismiss Petronas’s proceeding to obtain court declaration to have exclusive ownership on oil and gas resources in the state.

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CM mum over Petronas meeting

October 15, 2018

Dateline 2018-07-25, Borneo Post:

Chief Minister Datuk Patinggi Abang Johari Tun Openg has revealed that Petronas met him after it failed to get the application for leave from the Federal Court.

He, however, declined to reveal what was discussed during the meeting.

“Yes, they did come to see me recently, after the Federal Court’s decision, but I cannot reveal what was discussed during the meeting.

“Of course, we discussed some of the win-win-proposals together. We are not that greedy.

“Okay that is our right. Petronas wants to take and sell the oil, which is our right, so they have to negotiate with us,” he told a press conference after launching the Land and Survey Department’s Innovation and Integrity Day here yesterday.

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PH has urged Sarawak government to amend PDA

July 14, 2018

Dateline 2018-06-06, NST:

Sarawak Pakatan Harapan has urged the state government to amend the Petroleum Development Act 1974 (PDA).

Its chairman Chong Chieng Jen said if this was not done, the ownership and control of oil and gas industry in Sarawak would remain with Petroliam Nasional Bhd (Petronas).

He said the Chief Minister Datuk Patinggi Abang Johari Abang Openg had refused to do so and insisted that PDA was irrelevant in Sarawak.

“He (Abang Johari) has been saying the PDA is irrelevant and claimed that the state has the full regulatory authority over the upstream and downstream aspects of the oil and gas industry, with the establishment of the Petroleum Sarawak Berhad (Petros).

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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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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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