Investment, exploration of gas resources in S’wak welcomed – Premier
KUCHING: The Sarawak Government is committed to actively promote investment and exploration of the state’s gas reserves to bolster the economy. Expressing confidence in the potential of the state’s gas resources, Premier Datuk Patinggi Tan Sri Abang Johari Tun Openg said the viability of these reserves depends on thorough exploration and economic feasibility studies. “Geologically, […]
Petros inks first PSC for offshore exploration
KUCHING: Petroleum Sarawak Berhad (Petros) through Petroleum Sarawak Exploration and Production Sdn Bhd (PSEP) has been awarded its first production sharing contract (PSC) with Sarawak Shell Berhad (SSB) and Petronas Carigali Sdn Bhd (PCSB). Under the PSC, SSB as operator of the contract, gets 85 percent equity while PSEP and PCSB get 7.5 percent respectively. […]
