BY ALEXANDRA LORNA & GOH PEI PEI
KUCHING: PETROS has grown to be the third largest oil and gas company in Malaysia, said Premier Datuk Patinggi Tan Sri Abang Johari Tun Openg.
He said that PETROS, which was established in 2017, is the third largest oil and gas company in its equity in hydrocarbon resource base in Malaysia after PETRONAS and Shell.
“In the offshore exploration and production space, PETROS has three Offshore Producing PSC (or Production Sharing Contracts) and four Offshore Exploration PSC.
“For Onshore exploration and production, PETROS has 100 percent right as accorded by the Oil Mining Ordinance 1958 {OMO 1958},” he said.
He said this in his winding-up speech at the State Legislative Assembly (DUN) sitting on today (Dec 1).
Abang Johari, who is also the Minister for Finance and New Economy, added that the PETROS Sarawak Gas Roadmap is a game changer and will change the socio-economic landscape of Sarawak by 2030 via the creation of four gas hubs namely in Miri, Bintulu, Samalaju and Kuching.
“Through these hubs, it will serve the whole Sarawak similar to the Hub and Spoke model in delivering a state-wide access to sufficient and affordable gas supply and clean energy,” he said.
He revealed that in the immediate term, PETROS will deliver two projects as part of the Sarawak Gas Roadmap.
“The first project is Miri Hub, a 400MW power plant to ensure northern Sarawak Energy Security; and second is Samalaju Hub where PETROS will lay gas pipelines and together with SEB, build a power plant.
“This is critical to complete Samalaju as a heavy industrial zone and to ensure reliability of electricity supply to the heavy industries there,” he said.
Abang Johari said these projects alone will require an investment of around RM6.0 billion.
“Over 10 years, across the four hubs, the total projected investment is RM65 billion inclusive of downstream value-add industries, enabling access to gas beyond Miri and Bintulu to all parts of Sarawak.
“PETROS and relevant state agencies are busy promoting such opportunities to downstream investors,” he said.
