Upstream evaluation: Trio eyes potential onshore Malaysia

November 17, 2022

Who the heck is Big Oil Ventures?

Dateline 2022-09-07, Upstream Online:

UK independent Upland Resources, Malaysia’s Big Oil Ventures (BOV) and state government-owned Petroleum Sarawak (Petros) have teamed up to study the hydrocarbon potential of Block SK 334 onshore Sarawak, East Malaysia.

The trio have signed a joint technical study agreement for the approximate 6685-square kilometre tract in the north of the state, with the work being performed by Upland and BOV.

Upland confirmed that the main objectives of the joint technical study are to de-risk the petroleum system elements and improve understanding of the prospectivity in Block SK334, as well as assess the hydrocarbon potential of Block SK 334, delineate prospective areas and identify leads and prospects.


Petronas Dagangan and PETROS complete business transfer, operationalise Sarawak LPG business

June 14, 2022

Dateline 2022-05-05, The Edge:

Petronas Dagangan Bhd (PDB) and Petroleum Sarawak Bhd (PETROS) on Thursday (May 5) announced the completion of the business transfer and share subscription agreement for PETROSNiaga Sdn Bhd.

This conclusion marks the operationalisation of the partnership for the liquefied petroleum gas (LPG) business in Sarawak.

In a joint statement, the companies said that starting Thursday, all (green) Gas Petronas gas-filled cylinders are PETROS’ (red) as marketed by PETROSNiaga and all existing Petronas LPG dealers are now PETROS LPG dealers.


Petronas Dagangan partners with PETROS for liquefied petroleum gas business in Sarawak

February 21, 2022

Dateline 2021-12-13, The Edge:

Petronas Dagangan Bhd (PDB) has signed a heads of agreement with Petroleum Sarawak Bhd (PETROS) to mark the strategic partnership between the two parties in the liquefied petroleum gas (LPG) business in Sarawak.

The partnership includes the divestment of PDB’s LPG business in Sarawak to PetrosNiaga Sdn Bhd (PNiaga), a fully-owned subsidiary of PETROS, and a subscription of shares in PNiaga by PDB.


CM: Sarawak to continue strengthening Petros to spearhead involvement in O&G

February 14, 2022

Dateline 2021-12-11, Malay Mail:

The state government will continue to strengthen Petroleum Sarawak Berhad (Petros) in spearheading Sarawak’s enhanced involvement in the oil and gas industry, said Chief Minister Tan Sri Abang Johari Openg today.

He said that this is being done through assuming regulatory control of onshore mining, enforcing Sarawak’s constitutional authority over the distribution of gas and increasing Petros’ participation in offshore petroleum production areas.

“A key enabler is access by the state for adequate natural gas supplies needed to drive the state’s industrial development agenda,” he said when speaking at the Memorandum of Understanding signing between Petroliam Nasional Berhad (Petronas) and Petros for the Revised Total Natural Gas Supply to Sarawak for the implementation of projects under the Sarawak Gas Roadmap (SGR).


PETRONAS Carigali, Shell and PETROS EP awarded exploration acreage offshore Malaysia

August 5, 2021

A bit more clarity for yesterday’s post.

Dateline 2021-07-28:

PETRONAS has awarded Block SK437 offshore Sarawak, Malaysia to PETRONAS Carigali Sdn Bhd (PCSB), Sarawak Shell Berhad (SSB), and Petroleum Sarawak Exploration and Production Sdn Bhd (PSEP), a wholly-owned subsidiary of Petroleum Sarawak Berhad (PETROS).

Block SK437 is located to the southwest of the prolific Central Luconia province, measuring 2015 km2 in size and in water depths of up to 50 m.

SSB is the operator for Block SK437 PSC, with a 85% participating interest, while PCSB and PSEP hold 7.5% each. Both PCSB’s and PSEP’s interests are carried during the exploration phase. SK437 is a new addition to Shell’s existing interests in 15 production sharing contracts in Malaysia, of which eight are located off the coast of Sarawak, whilst the remaining seven are located off the coast of Sabah.


Shell wins Malaysia offshore exploration block

August 4, 2021

Is Shell exiting, or wo’? Maybe it will exit PETRONAS , and enter PETROS?

Oo, and the page has an article titled “Petronas surrenders to Sarawak tax demands as CEO walks

Dateline 2021-07-29, Energy Voice:

Significantly, Sarawak state-energy company Petroleum Sarawak (PETROS) will hold a minor stake in Block SK437, marking its first involvement in an offshore exploration production-sharing contract (PSC).

Shell will operate the 2,015 sq km block, which lies southwest of the Central Luconia province in waters 50 metres deep, with an 85% interest. Malaysian national oil company (NOC) Petronas Carigali and PETROS will each hold a 7.5% stake in the acreage.

Since the 1970s, significant oil and gas reserves have been discovered offshore the eastern Malaysian state of Sarawak, which have helped supply one of the world’s largest liquefied natural gas (LNG) export plants in Bintulu.


Malaysia’s Sarawak awards key onshore acreage

July 24, 2021

Dateline 2021-06-21, Energy Voice:

The eastern Malaysian state of Sarawak, home to the country’s liquefied natural gas (LNG) export complex, has awarded its first onshore block to Petra Energy and Uzma, as it hopes to revitalise its onshore oil and gas industry after taking regulatory control from the federal government.

Malaysia’s Petra Energy will operate Block SK433 on behalf of joint venture partner Uzma following the award by state-energy company Petroleum Sarawak (PETROS). Block SK433 covers the Miri-Marudi area in Northern Sarawak. It also holds a discovery, Adong Kecil.

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

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


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.


Sabah to follow Sarawak in pursuing oil and gas rights

December 24, 2020

Dateline 2020-12-08, Straits Times:

Sabah will follow Sarawak in pursuing its rights, particularly where oil and gas are concerned.

Deputy Chief Minister Datuk Seri Jeffrey Kitingan congratulated Sarawak for reclaiming its rights, adding that the Sabah government would ensure the same for the state.

He was referring to the Sarawak government signing a commercial agreement with Petroliam Nasional Bhd (Petronas) on Monday which allows the state, through its subsidiary Petroleum Sarawak Bhd (Petros), to play a bigger role in the oil and gas industry through cooperation with Petronas.

“Kudos to the Sarawak government for reclaiming their rights. It is no secret that the Sarawak government had been doing all the heavy lifting in this fight and we are grateful for their efforts.


Sarawak issues leases on two oil fields to Petros

November 23, 2020

Dateline 2020-10-30, FMT:

The Sarawak government has issued mining leases to its oil and gas (O&G) company, Petroleum Sarawak Bhd (Petros), to carry out mining of O&G in two fields, in Miri and Marudi.

It marked the beginning of efforts to exercise the state’s constitutional rights to regulate onshore oil mining.

Chief Minister Abang Johari Openg who made the announcement tonight said the leases were for the Adong Kecil West field in Miri district and the Engkabang block in Marudi district.