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.


Malaysia’s Sarawak seeks investors to find new onshore plays

December 14, 2020

Dateline 2020-11-20, Energy Voice:

The eastern Malaysian state of Sarawak, home to the country’s LNG export complex, will soon open onshore acreage for bidding, as it hopes to revitalise its onshore oil and gas industry after taking regulatory control from the federal government.

Since the 1970s, significant oil and gas reserves have been discovered offshore Sarawak, which have helped supply one of the world’s largest LNG plants in Bintulu.

Although there has been significant exploration onshore since the 1980s, results have been modest. Still, Sarawak remains hopeful that new investment will help prove fresh commercial reserves by applying new technologies.

Moreover, Sarawak, after winning a recent battle against the federal government and Petronas for greater control of its natural resources, will now start offering onshore acreage through open auction, as well as direct negotiation. Two onshore blocks, covering the Miri and Limbang, as well as Lawas areas – SK 433 and SK 334 – will be open for bidding in the coming months, the state announced on 30 October 2020.