KUCHING: State oil and gas exploration company Petroliam Sarawak Berhad (Petros) has kept itself busy away from the limelight.
Its chairman Tan Sri Datuk Amar Hamid Bugo said that while the company had been quiet on the public front, it had been working hard to gather expertise to help in its upstream activities.
“We have been busy getting data and exploring opportunities along with charting our strategy. Now, I believe that Petros is ready to carry out the task to manage and operate the oil and gas industry.
“We will get the industry to catapult the economic, social growth and development in the state,” he said in his speech during the Sarawak Domestic Gas signing ceremony at a hotel here, yesterday.
On the recent transfer of responsibility from Petroliam Nasional Berhad (Petronas) to Petros in terms of gas distribution, Hamid said that Petros had outlined three strategic priorities to drive domestic demand and access new areas of growth.
“First to ensure secure and sustainable energy supply. By securing natural gas as an integral part of the state’s energy mix, we facilitate Sarawak as a competitive investment destination with the resources to meet.
“Second, we are positioned to expand domestic utilisation through the state’s natural gas sub-sectors. This extends the downstream value of gas be it is as petrochemical feedstock or through frontier downstream activities.
“Finally, Petros will extend the availability of gas to open up new economic activity or industrial demand centres beyond Bintulu and Miri, and bring more homes on-grid and modernise energy delivery to Sarawakians,” he said.
Hamid believed that the domestic gas business in Sarawak could only grow and with Petros being the single entity to supply, sell and transport domestic natural gas, they were positioned to deliver, for Sarawak and Sarawakians.
“This is a long and complex journey which must be executed diligently for the benefit of Sarawak and Sarawakians. With the support of all, Sarawakians and Malaysians, we will succeed,” he said.