Sarawak govt endorses Petros award of oil exploration to Petra Energy

July 21, 2021

Dateline 2021-07-18, Malay Mail:

 The state government has endorsed the conditional award by state-owned Petroleum Sarawak Berhad (Petros) for Sarawak onshore block SK 433 to Petra Energy Development Sdn Bhd, a wholly-owned subsidiary of Petra Energy, and its joint venture partner, Uzma Engineering Sdn Bhd,  a wholly-owned subsidiary of Uzma Berhad.

In a statement today, the Chief Minister’s Office (CMO) said the award is the result of a competitive bidding exercise that was managed by Petros since January this year.

The CMO said this is a significant milestone for Sarawak as it looks forward to the resumption of active exploration and production activities onshore.

Petra Energy ventures into oilfield operations

September 4, 2020

Dateline 2020-06-30, the Edge:

OIL and gas (O&G) outfit Petra Energy Bhd announced last week that its wholly-owned unit Petra Energy Development Sdn Bhd had been awarded a US$40 million (RM170 million) contract from national oil company Petroliam Nasional Bhd (Petronas) for a two-year technical service agreement.

The contract, which entails “the continuation of [production] in the Banang field”, places Petra among the few local companies with the expertise to operate oil fields. The others include Petronas’ wholly-owned Vestigo Petroleum Sdn Bhd and O&G giants Sapura Energy Bhd and Hibiscus Petroleum Bhd.