Petronas inks key Sabah deals
Published on: Sat, Jul 05, 2025
By: Bernama Text Size: Phoong (fifth from right) and Bacho (fourth from right) with State Government representatives and industry leaders at the SOGCE 2025. Kuala Lumpur: Petroliam Nasional Bhd (Petronas), via Malaysia Petroleum Management (MPM), has formalised a few key agreements with the Sabah state government at the Sabah Oil, Gas & Energy Conference & Exhibition (SOGCE) 2025. In a statement on Friday, the national oil company said it officially handed over the Sabah gas strategy document, which outlines a long-term and structured blueprint to secure reliable gas supply for the state's expanding domestic demand.
Advertisement The document is a joint initiative between Petronas and the Sabah state government. MPM senior vice-president Datuk Bacho Pilong said the document handover, together with other milestones, 'reaffirms our partnership with the state government to responsibly unlock the full potential of the state's energy resources. 'We will together continue accelerating sustainable development, strengthening energy security and creating long-term value to benefit Sabah and the nation,' he said. These various milestones reflect a shared commitment to advancing Sabah's energy landscape via collaborative, sustainable, and value-driven development, he said. The Sabah gas strategy was developed by a joint task force comprising Petronas, SMJ Energy Sdn Bhd, Sabah Energy Corporation Sdn Bhd, Sabah's Energy Commission and Sabah's Industrial Development and Entrepreneurship Ministry under the advice of the Sabah joint coordination committee, the statement said. Additionally, Petronas said it also signed the technical evaluation agreement (TEA) with ConocoPhillips Malaysia New Ventures Ltd and PERTAMINA Hulu Energi for the Layang-Layang Basin. This paves the way for comprehensive subsurface studies ranging from regional geological assessments to detailed prospect analysis for 44,500 square kilometres located off Sabah's coast. The national oil company also formalised a memorandum of understanding with DIALOG Resources Sdn Bhd to advance the development of the Mutiara Cluster, located off Sabah's east coast. The statement said Petronas is also investing in seismic data acquisition programmes to deepen geological insights and accelerate exploration activities. * Follow us on our official WhatsApp channel and Telegram for breaking news alerts and key updates! * Do you have access to the Daily Express e-paper and online exclusive news? Check out subscription plans available.
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