PETROLEUM Sarawak Berhad (PETROS), the state-owned oil and gas company, is participating in 17 offshore blocks in Sarawak to drive sustainable development of the oil and gas industry.
Deputy Premier Datuk Amar Awang Tengah Ali Hasan said 10 of the exploration blocks have commenced exploration activities.
“These activities are in partnership with SKEO from Korea, INPEX from Japan, PTTEP from Thailand, Longboat Energy from Norway, Shell and Petroliam Nasional Berhad (PETRONAS), involving more than RM3.5 billion of investments over the next three years.
“As for the other seven offshore blocks, five are in production and two are in development phase, with plans to invest more than RM8.5 billion capital expenditure over the next three years,” he said.
Awang Tengah, who is also the Minister of International Trade, Industry and Investment, was delivering his ministerial winding-up speech in the State Legislative Assembly (DUN) today.
In addition, he said PETROS and PETRA Energy have commenced drilling activities in Onshore Block SK433 in Miri.
“PETROS has also completed the prospective study for Onshore Block SK334 in the Limbang and Lawas areas.
“Going forward, PETROS will continue to be actively involved in upstream activities, especially in rejuvenating onshore exploration and commercialisation,” he said.
In midstream and downstream activities, he said Sarawak is in the midst of developing four hubs namely in Bintulu, Samalaju, Miri and Kuching under the Sarawak Gas Roadmap.
“These hubs will provide access to gas, green energy and carbon capture infrastructure to enable the industries to achieve net zero target by 2050,” said Awang Tengah.
For the Bintulu hub, he said the Petchem Industrial Park is rapidly developing, with the RM7 billion methanol project at pre-commissioning stage and the RM363 million medical glove project under construction.
“Meanwhile, one sour gas commercialisation project of RM23 billion is at construction stage and three projects are expected to reach final investment decision (FID) in 2024, comprising two hydrogen projects worth RM24 billion and one sour gas commercialisation project of RM23 billion,” he said.
Awang Tengah said that for the Samalaju hub, PETROS will be investing in a pipeline to deliver gas to Samalaju Industrial Park by end of 2025.
“This will enable the commissioning of one gigawatt (GW) combined cycle gas turbine (CCGT) power plant by Sarawak Energy Berhad (SEB).
“Whilst in Miri, PETROS is developing a 500 megawatt (MW) CCGT power plant in collaboration with SEB and to be operationalised by 2027,” he said.
As for the upcoming Kuching Gas Hub, he said PETROS has completed a feasibility study and will complete it by 2024.
