State Govt to Set Up Oil Company for Offshore O&G Exploration

State Govt to Set Up Oil Company for Offshore O&G Exploration

Abang Johari (standing front, fifth left) and his wife Datin Amar Dato Juma’ani Tuanku Bujang on his left join other dignitaries in a group photo with Sarawakians at Putra World Trade Centre. On his right is Works Minister Datuk Seri Fadillah Yusof, who stands behind Deputy Chief Minister Datuk Amar Douglas Uggah Embas. Also in the photo are (from left) Local Government and Housing Minister Datuk Dr Sim Kui Hian, State Secretary Tan Sri Datuk Amar Mohamd Morshidi Abdul Ghani, State Legislative Assembly Speaker Datuk Amar Mohamad Asfia Awang Nassar and Welfare, Community Well Being, Women, Family and Childhood Development Minister Datuk Fatimah Abdullah (on Juma’ani’s left). — Photo courtesy of Chief Minister’s Office

Abang Johari (standing front, fifth left) and his wife Datin Amar Dato Juma’ani Tuanku Bujang on his left join other dignitaries in a group photo with Sarawakians at Putra World Trade Centre. On his right is Works Minister Datuk Seri Fadillah Yusof, who stands behind Deputy Chief Minister Datuk Amar Douglas Uggah Embas. Also in the photo are (from left) Local Government and Housing Minister Datuk Dr Sim Kui Hian, State Secretary Tan Sri Datuk Amar Mohamd Morshidi Abdul Ghani, State Legislative Assembly Speaker Datuk Amar Mohamad Asfia Awang Nassar and Welfare, Community Well Being, Women, Family and Childhood Development Minister Datuk Fatimah Abdullah (on Juma’ani’s left). — Photo courtesy of Chief Minister’s Office

KUALA LUMPUR: The Sarawak government is planning to establish a state-owned offshore oil and gas (O&G) exploration company in order to participate in the industry.

Chief Minister Datuk Amar Abang Johari Tun Openg said the plan was discussed with national oil corporation Petronas, which was very receptive to the idea of the state-owned company partaking in upstream and downstream O&G exploration activities.

“I had discussions with Petronas – we are adopting a new approach.

“Sarawak will participate in both upstream and downstream oil and gas activities.

Sarawak wants to establish its own offshore oil and gas exploration company. File Photo

Sarawak wants to establish its own offshore oil and gas exploration company. File Photo

“In the upstream sector, this will be Sarawak’s maiden venture; as such, we need to set up a state-owned company in order to join Petronas in oil and gas exploration in the South China Sea.

“We will establish our company first.

“We will join Petronas to work out a deal with petroleum arrangement contractors,” he told reporters here on Saturday night after breaking fast with Sarawakians studying and working in Peninsular Malaysia.

Abang Johari said the Sarawak-based, 100-per cent state-owned company would have its own entity.

The chief minister also said in the past, O&G companies from Sarawak were only involved in downstream activities in Bintulu, with estimated investments of US$2 billion. — Bernama

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