December 6, 2014
Dateline 2014-09-27, FMT:
Oil and gas expert Anas Alam Faizli said ambiguities in the Petroleum Development Act of 1974 (PDA) must be sorted out, as different parties were interpreting it differently.
Speaking to FMT, Anas said, “There are now a host of different interpretations and ambiguities in relation to what documents can be applied to resolve the issue which is the main cause of concern. If this is not addressed there will be no end to this.
Anas said this in regard to Kelantan’s oil royalty dispute in which one party claimed there was no need for royalty payments to Kelantan.
Explaining it in greater detail, Anas said, ”Others may argue, that the Assignment Deed, and the Vesting Grant 1975/1976 supersedes the law, which then conflicts with views by other experts who may interpret it differently based on their perspective of the Federal Constitution or the Petroleum Act.”
October 1, 2012
Y’know, a while back they actually included how much tax was waived. I think the amount is the same as or more than the subside.
Maybe the powers that be decided that showing that information is an oops? Get the relevant act here.
March 21, 2008
Continuing my expansion of the above article, I thought I would list down the operators and comments of the acreage listed.
Blok A18 – as the original author says, the acreage is operated by the Carigali Hess Operating Company (CHOC
as its known to friends). It’s located in the Malaysia Thailand Joint Development Area (JDA)
- Blok B17 – the PSC for this area is PETRONAS Carigali (JDA) Sdn Bhd, also in the JDA.
- Block C19 – the PSC for this area is Carigali-PTTEP International Operating Company (CPOC), also in the JDA.
- PM3 – operated by Talisman (Malaysia) Ltd.
- Sub-Blok Ular – operated by PETRONAS Carigali Sdn Bhd (PCSB).
- PM301 & PM302 – CS Mutiara, though I’m not sure if they have had to relinquish the acerage yet. It’s interesting to note that this aceragetouches the Kelantanese shoreline.
- PM303 – Shell, PSC awarded in 1999, though yet to produce.
So, of the fields listed by the author, 3 are in the JDA, one is in Kelantanese waters, and the rest are in Terengganu waters.
It’s interesting to note that we do not have a JDA for disputed resources between Malaysia, Indonesia and Brunei. Would that have reduced the amount of hydrocarbons that could be claimed by Sabah and Sarawak?