September 14, 2017
Sovereign wealth fund? Yeah, if that happens, can I ghostwrite “State + Business? Socialism Wins!”
Dateline 2017-08-10, Borneo Post:
The unprecedented step taken by the state administration to incorporate Petros, a Sarawak wholly-owned oil and gas company, as a vehicle to actively participate in the extraction and development of the state’s oil and gas is most welcomed by all Sarawakians, said Batu Lintang assemblyman See Chee How.
See, who is state PKR vice chairman, said Petros should be a sovereign wealth fund, which is a Sarawak-owned investment fund, answerable to the Sarawak Legislative Assembly to invest in, accumulate and manage the funds in the course of its exploration, management and development of all upstream and downstream petroleum-related projects in Sarawak.
May 27, 2017
Dateline 2017-04-17, FMT:
PKR has told the Sarawak government to take Petronas to court if it’s true that the company is selling off a stake in an upstream gas project.
Reacting to a fresh report that Petronas was seeking to sell the SK316 offshore gas block, Sarawak PKR vice-chairman See Chee How said oil and gas found within Sarawak’s boundaries belonged to the state.
Recently, Reuters, quoting sources, reported that Petronas had started pitching the sale of the block for an estimated US$1 billion (RM4.4 billion). The potential bidders, according to the report, include Royal Dutch Shell, ExxonMobil Corp, PTT Exploration and Production and Japanese firms.
“The rights of the state are very clear, be it in the Federal Constitution or Sarawak laws,” said See, who is a lawyer.
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.”
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.
February 28, 2015
Dateline 2014-12-11, Free Malaysia Today:
The Opposition wants to know why Sabah is being given stakes in Production Sharing Contracts (PSC) in the oil and gas industry and Sarawak being given “the short-end of the stick”.
“Sabah has done better than Sarawak in asking for PSCs,” said Batu Lintang Assemblyman See Chee How in a statement implicitly criticizing Sarawak Chief Minister Adenan Satem for his weak leadership on the issue. “We are getting a raw deal.”
“Sabah has entered into upstream petroleum development.”