Latest news with #PetroleumSarawakBhd
New Straits Times
7 days ago
- Business
- New Straits Times
Petros to award offshore CCUS contracts by Q2
KUCHING: Petroleum Sarawak Bhd (Petros) plans to award contracts to the successful bidders of three offshore sites for carbon capture, utilisation and storage (CCUS) by the second quarter of this year. Deputy Premier Datuk Amar Awang Tengah Ali Hasan said Petros is currently finalising the agreements with the successful bidders for the offshore storage sites. "Petros, as the appointed resource manager, launched the Sarawak Bid Round 2024, offering three offshore storage sites with significant geological potential," Awang Tengah, who is also the state international trade, industry and investment minister, said in his winding-up speech in the State Legislative Assembly here today. He said Petros, together with investors, has committed over RM100 million to assess Sarawak's carbon storage potential and build a comprehensive database. "These efforts will create a globally competitive carbon storage portfolio, fortifying Sarawak's expertise, investment appeal and sustainable low-carbon economic growth," he said. He said Sarawak is poised to lead regional CCUS efforts, leveraging over 65 per cent of Malaysia's geological carbon storage potential. He said Sarawak is at the forefront of national and regional decarbonisation efforts, driving sustainable solutions and enhancing its pivotal role in the global low-carbon economy. Awang Tengah also said that Petros has expanded its upstream operations with 21 production sharing contracts, including 12 exploration projects and equity in five producing fields, achieving 100,000 barrels of oil equivalent per day. "The SK433 Adong Kecil West site in Miri will produce its first onshore oil next year," he said. Awang Tengah said the state oil company has committed RM8.5 billion in capital expenditure over the next three years for infrastructure development and resource commercialisation. He said that by 2030, the Sarawak Gas Roadmap (SGR) is expected to attract RM60 billion in investments and contribute significantly to Sarawak's economy. He said the initiatives reinforce Sarawak's leadership in sustainable energy, driving economic growth while advancing global decarbonisation efforts.
Borneo Post
04-05-2025
- Politics
- Borneo Post
Anwar urges postponement of actions or statements on Petronas-Petros issue
Datuk Seri Anwar Ibrahim KUALA LUMPUR (May 4): Prime Minister Datuk Seri Anwar Ibrahim today urged all parties to postpone any actions or statements regarding the issue of Petroliam Nasional Bhd (Petronas) and Petroleum Sarawak Bhd (Petros), in the interest of mutual understanding. Anwar said the Federal Government and the Sarawak State Government will hold further discussions to finalise the Petronas-Petros arrangement upon the return of Sarawak Premier Tan Sri Abang Johari Tun Openg from his official visit to London, United Kingdom. 'I had the opportunity to speak with the Sarawak Premier yesterday regarding the Petronas-Petros matter, based on the principles that were previously agreed upon. 'I strongly believe that this issue can be resolved wisely by staying committed to a path of healthy and meaningful dialogue, God willing,' he said in a post on his official Facebook account today. – Bernama anwar ibrahim lead oil and gas rights Petronas Petros Sarawak rights
The Star
04-05-2025
- Politics
- The Star
Anwar urges postponement of actions or statements on the PETRONAS-Petros issue
KUALA LUMPUR: Prime Minister Datuk Seri Anwar Ibrahim today urged all parties to postpone any actions or statements regarding the issue of Petroliam Nasional Bhd (PETRONAS) and Petroleum Sarawak Bhd (Petros), in the interest of mutual understanding. Anwar said the Federal Government and the Sarawak State Government would hold further discussions to finalise the PETRONAS-Petros arrangement upon Sarawak Premier Tan Sri Abang Johari Tun Openg's return from his official visit to London, United Kingdom. ALSO READ: PETRONAS acknowledges Sarawak's April 30 notices on gas activities "I had the opportunity to speak with the Sarawak Premier yesterday (May 3) regarding the Petronas-Petros matter, based on the previously agreed upon principles. "I strongly believe that this issue can be resolved wisely by staying committed to a path of healthy and meaningful dialogue," he said in a post on his official Facebook account on Sunday (May 4). – Bernama
