Introducing Petros – Sarawak’s own oil & gas company

Chief Minister Abang Johari Openg says the firm’s board members will consist only of Sarawakian professionals and non-politicians.

PETALING JAYA: Sarawak has set up a wholly state-owned oil and gas company named Petros to conduct fossil fuel explorations within its territorial waters.

Chief Minister Abang Johari Openg announced the formation of the company yesterday, saying that its board members would comprise Sarawakian professionals within the industry.

The Borneo Post reported him as saying that there would be no politicians on the board, and that only those with substantial experience in the oil and gas industry would be chosen to serve in it.

However, he did not reveal the name of the members, and holders of other posts such as that of chairman and chief executive officer.

“We have officially formed our oil company, Petros,” he was quoted as saying during an appreciation dinner organised by his office.

“The formation of Petros is an unprecedented step taken by the state government to enable Sarawak to actively participate in the extraction of oil and gas in Sarawak while still pursuing its request for a 20% royalty from Petronas,” he added.

Abang Johari also reportedly said that the newly-formed Development Bank of Sarawak (DBOS) would begin operations soon, and that its CEO has been appointed but did not disclose the name.

Like Petros, the bank would have board members only from among Sarawakians who are professionals and non-politicians, he said.

The DBOS chairman’s seat is held by state secretary Mohamad Morshidi Abdul Ghani.

“We have appointed the CEO already and this CEO will have his team under the supervision of the state secretary while the board members are all non-politicians and professionals who will carry out activities of the bank to develop our state,” he was quoted as saying.

On June 10, Abang Johari had announced the state’s plans to establish its own firm to work with Petronas to conduct explorations, saying that the national oil and gas company was agreeable to the proposal.

He said the move was in addition to the state’s call for an increase in oil royalty for extractions made within its borders, from 5% to 20%.

He also said it was part of the state’s initiative to have a more significant stake in the industry within its borders.

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Petros nama rasmi syarikat minyak Sarawak, kata Abang Johari

Ketua Menteri juga dilaporkan berkata, Bank Pembangunan Sarawak (Dbos) akan memulakan operasinya tidak lama lagi.

PETALING JAYA: Sarawak menubuhkan syarikat minyak dan gas milik penuh milik – yang dikenali sebagai Petros, untuk menjalankan penerokaan bahan api di wilayahnya.

Ketua Menteri Datuk Amar Abang Johari Openg mengumumkan pembentukan syarikat itu semalam, dengan mengatakan ahli lembaga pengarahnya akan terdiri daripada profesional Sarawak dalam industri.

Akhbar Borneo Post memetik beliau berkata, tidak akan ada ahli politik dalam lembaga pengarah, sebaliknya hanya mereka yang mempunyai pengalaman luas dalam industri minyak dan gas akan dilantik untuk berkhidmat di syarikat tersebut.

Bagaimanapun beliau tidak mendedahkan nama ahli lembaga pengarah dan pemegang jawatan lain seperti pengerusi dan ketua pegawai eksekutif.

“Kami telah secara rasmi membentuk syarikat minyak kami, Petros,” katanya.

Pembentukan Petros merupakan 1 langkah yang belum pernah dilakukan oleh kerajaan negeri untuk membolehkan Sarawak mengambil bahagian secara aktif dalam pengekstrakan minyak dan gas di Sarawak sambil terus meminta royalti 20% daripada Petronas, kata beliau.

Abang Johari juga dilaporkan berkata, Bank Pembangunan Sarawak (Dbos) akan memulakan operasinya tidak lama lagi.

Katanya, ketua pegawai eksekutifnya telah dilantik tetapi tidak mahu mendedahkan nama buat masa sekarang.

Seperti Petros, bank itu akan mempunyai ahli lembaga yang hanya terdiri daripada kalangan rakyat Sarawak yang profesional dan bukan ahli politik, kata beliau.

Kerusi pengerusi Dbos akan diterajui oleh Setiausaha Kerajaan Negeri Datuk Mohamad Morshidi Abdul Ghani.

“Kami telah melantik ketua pegawai eksekutif dan ketua pegawai eksekutif ini akan mempunyai pasukannya di bawah pengawasan setiausaha kerajaan negeri manakala semua ahli lembaga adalah kalangan bukan ahli politik dan kalangan profesional yang akan menjalankan aktiviti bank untuk membangunkan negeri kita,” katanya,

Pada 10 Jun, Abang Johari mengumumkan rancangan Sarawak yang mahu menubuhkan firma sendiri untuk bekerjasama dengan Petronas bagi menjalankan aktiviti eksplorasi.

Beliau berkata, langkah itu adalah tambahan kepada tuntutan kerajaan untuk meningkatkan royalti minyak dari 5% hingga 20%.

Beliau juga berkata ia adalah sebahagian daripada inisiatif negeri untuk mempunyai kepentingan yang lebih besar dalam industri di sempadannya.


A different approach to develop Sarawak

BINTULU: The state government will continue to develop the state like what has been implemented by the previous chief minister the late Datuk Patinggi Tan Sri Adenan Satem and also carry the task entrusted by Head of State Tun Pehin Sri Abdul Taib Mahmud.

“I have a different approach to develop the state and within 100 days of me at the helm, all the necessary things have been implemented to improve the state’s economy.

“The economy should be developed holistically with the existing resources and add value to the resources,” he said at the Ramah Tamah Aidilfitri gathering organised by Bintulu Islamic Welfare Trust Board and PBB Jepak at Parkcity Everly Hotel here yesterday.

Present were Abang Johari’s wife Datin Amar Dato Juma’ani Tun Tuanku Bujang, Minister in the Chief Minister’s Office (Integrity and Ombudsman) Datuk Talib Zulpilip and wife Datin Dr Zaliha Abdullah, Minister of Utilities Dato Sri Dr Stephen Rundi,  Minister of Welfare, Community Well Being, Women and Family Childhood Development Datuk Fatimah Abdullah, Bintulu MP Datuk Seri Tiong King Sing, Samalaju assemblyman Majang Renggi, Murum assemblyman Kennedy Chukpai Ugon, Bintulu Resident Muhamad Yakup Kari, and director of Islamic Education Bureau of Sarawak Islamic Council Datu Dr Adi Badiozaman Tuah.

Abang Johari said among the approaches (to develop the state) were to increase internet speed for the community without segregating the people in urban and rural areas and upgrading physical development in rural areas.

He also said he would continue the efforts of ‘Tok Nan’ to protect and preserve the state’s biodiversity by freezing the issuance of timber licences, adding value from its natural resources related to research on drugs, improve the timber industry, and forest protection and preservation.

“Borneo, which is rich in biodiversity, needs replanting of trees with the cooperation of Sarawak Forestry Corporation (SFC) and Universiti Putra Malaysia (Bintulu) with the establishment of a relevant laboratory,” he said.

Abang Johari said he had drawn up a plan that emphasises education with the establishment of the state Ministry of Science and Technology, and the upgrade of 460 dilapidated out of 960 schools using the state’s fund.

He said the prime minister also agreed for the state government to set up its own bank (Development Bank of Sarawak) which would operate in January next year, with professionals identified to lead the bank.

“From DBOS, the state will have its own funds to manage the strategic development of education and other industries. It will also boost the state’s economy apart from upgrading internet speed with an allocation of RM1 billion.

“Some people say I’m too brave to do it but we have a way to accelerate the state’s development and improve the level of education which is important to eradicate poverty,” he said.

He said Sarawak had also set up its own oil company under the name of Petroleum Sarawak (Petros) with the state government working with Petronas to explore for oil and gas in the state.

“With Petros we can be involved in the upstream sector with Petronas exploring our oil reserves to benefit Sarawak.”

He added that local companies could be involved in the maintenance work and so on.

Abang Johari also talked about the construction of a bridge across Sungai Kemena to Kampung Jepak, which was approved under the Public Works Department for implementation within three years, which would open new settlement areas in Jepak and the transfer of the administrative office to Jepak.

“All these efforts will spur the economy and development of Jepak area, thus more new land will be opened up.

“The opening of new land is important so that development will not only concentrate in one place. It will also increase the price of land due to high demand,” he said.


‘PBB’s strength the pillar of political stability’ — Abg Johari

Abang Johari (fourth right) leads senior PBB leaders in opening the ‘lemang’ kept in bamboo to mark the Raya celebration.

MIRI: PBB’s strength is the pillar of political stability, essential in achieving greater and uninterrupted progress to benefit all communities in the state.

In stating this, PBB president Chief Minister Datuk Amar Abang Johari Tun Openg said although leaders come and go, the spirit of championing the people’s interests would always remain intact in the party to push the state to greater heights of development.

“Smooth power transitions of PBB leadership from Tun Taib Mahmud (Tun Pehin Sri Abdul Taib Mahmud) to the late Tok Nan (Datuk Patinggi Tan Sri Adenan Satem) and now me — the captain of Tok Nan team — have put the party on a solid foundation for all members and BN (Barisan Nasional) component parties to continue to spur the state to greater heights,” he said during the ‘Majlis Ramah Mesra Aidil Fitri Miri 2017’ at Pullman Hotel here on Monday night.

The dinner was jointly hosted by PBB Bekenu, Lambir, Senadin, Pujut and Piasau.

In attendance were Deputy Chief Ministers Datuk Amar Douglas Uggah Embas and Datuk Amar Awang Tengah Ali Hasan, State Legislative Assembly Speaker Datuk Amar Mohamad Asfia Awang Nassar and Works Minister Datuk Seri Fadillah Yusof.

Others present included organising chairman Ahmad Lai Bujang, who is Sibuti MP; Tourism, Arts, Culture, Youth and Sports Minister Datuk Abdul Karim Rahman Hamzah, Bekenu assemblywoman Rosey Yunus and Lambir assemblyman Ripin Lamat.

According to Abang Johari, leaders in PBB change but the spirit of the party is strong to continue its struggle for Sarawak to move forward with experienced and innovative leaders.

He recalled the smooth transition of power from Taib to the late Tok Nan and the change of guard to him, which he said proved that the party had the people’s interests first, making the party united and unique as the backbone of Sarawak BN.

“The culture of giving way to experienced party leaders to lead the party shows that PBB is mature and strong, like during the late Tok Nan’s tenure, Awang Tengah and I supported Tok Nan as the fifth Sarawak Chief Minister and I later replaced him after he died,” Abang Johari said.

With himself as the captain of Team Adenan, he has from PBB Uggah, Awang Tengah, Fadillah and Abdul Karim as part of the team, he added.

“Douglas (Uggah) is the striker, (Awang) Tengah can be in the midfield or even be the striker and also Fadillah, who keeps the PBB team strong and united,” he said.

The PBB president assured that the present PBB leaders have the dynamism to bring the state to greater heights.

“I will not be long as Sarawak chief minister as I’m currently 66 years old and I have to face the fact that I won’t be long — we must not be greedy and prepare for those after us “ he said.

Commenting on the future development of Sarawak, he said the state would switch from conventional to digital technology to spur economic development in both rural and urban areas.

On Miri and Sibuti, he said the state would further promote Miri as a resort city to the world through e-tourism to attract more tourists and the state government had allocated RM1.5 million for the Sungai Tujuh CIQ, Miri Wireless Walk, RM5 million to develop Tusan beach, RM5 million for Bakam Point and RM24 million for Sibuti bridge.

“I have a master plan for greater Miri and its outskirts in Sibuti to focus on tourism and services to support the needs of the business community and the people here,” he added.

Commenting on Sarawak’s own oil and gas company Petros, he said there would be no problem in getting engineers and skilled oil and gas workers as many Sarawakians are working in Sarawak Shell Berhad and Petronas in the country and abroad.

As for dilapidated schools, he said they would be repaired or rebuilt through the state’ own Development Bank of Sarawak (DBOS) next year.

On the request by youths in Sibuti and Bekenu for a football field, he said the state government would allocate RM3 million to set up an open stadium like those in Lawas, Limbang and Betong with track, football field and a stage.

This was Abang Johari’s first Hari Raya visit to Miri since becoming the sixth chief minister of Sarawak.


Syarikat minyak baharu Sarawak mula operasi 6 bulan lagi

Syarikat baharu itu akan menggunakan tenaga profesional daripada kalangan anak Sarawak.

KUCHING: Syarikat cari gali minyak dan gas luar pantai milik Sarawak akan memulakan operasinya dalam masa 6 bulan lagi, kata Ketua Menteri Datuk Abang Johari Openg.

Kerajaan kini dalam proses menubuhkan syarikat berkenaan, Petroleum Sarawak (Petros), 100% milik kerajaan negeri, yang akan bekerjasama dengan syarikat minyak nasional, Petronas, katanya.

Menurut beliau, perkara berkaitan pelaburan awal syarikat itu masih dibincang.

Abang Johari berkata, sebelum ini, syarikat minyak dan gas dari Sarawak hanya terlibat dengan aktiviti minyak dan gas hiliran di Bintulu, dengan pelaburan dianggar berjumlah AS$2 bilion.

Petros, katanya, akan terlibat dalam aktiviti huluan cari gali minyak dan gas serta pengeluaran gas dan minyak di kawasan perairan Sarawak.

Beliau berkata syarikat itu akan menggunakan tenaga profesional daripada kalangan anak Sarawak yang sudah terlibat dalam industri berkenaan, termasuk mereka yang kini bekerja dengan Petronas, Shell dan Murphy Oil.

“Kami ada anak Sarawak yang terdiri daripada jurutera dalam bidang ini dan ini akan memberi peluang kepada rakyat Sarawak untuk bekerja dengan syarikat itu,” katanya.

Beliau berkata kerajaan negeri menggunakan pendekatan holistik dan akan bekerjasama dengan Petronas untuk mencari gali serta mengeluarkan minyak dan gas di perairan Sarawak.

“Tiada gunanya menyalahkan orang lain. Kami perlu gerakkan inisiatif sendiri dan mempersiapkan diri kami untuk terlibat dalam industri ini,” katanya.

Beliau berkata keuntungan yang diraih akan dikongsi antara kerajaan negeri dan Petronas berdasarkan ekuiti.


Venturing upstream through Petros

CM says state-owned company to start exploration as well as extraction of O&G from within the state waters early next year

Datuk Amar Abang Johari Tun Openg

KUCHING: The state-owned oil and gas (O&G) company is expected to commence operations early next year.

According to Chief Minister Datuk Amar Abang Johari Tun Openg, ‘Petroleum Sarawak’ – or Petros – is going to be ‘100 per cent owned’ by the state government, which would then work together with national petroleum company Petronas.

“Hopefully, the name (Petroleum Sarawak) is OK – nobody will be using that name, Petros.

“The company is expected to be in operations within six month because we must get our side ready for us to get involved in the upstream oil and gas activities,” he told reporters after the launch of Board of Engineers Malaysia (BEM) roadshow here yesterday.

Abang Johari, who is also in-charge of Sarawak O&G, said at the moment the state does not have its own company that solely looks after upstream operations.

He said Sarawak already has equities in companies that look after the downstream activities such as the Liquefied Natural Gas (LNG), Asia Fertilizer and Shell Middle Distillate Synthesis (Shell MDS).

However, he stressed that now Sarawak is going for upstream – the exploration as well as extraction of O&G from within the state waters.

Moreover, he assured all that the company would primarily employ Sarawakians.

Adding on, he said because the people wanted the state to participate in O&G, it was necessary to have a very holistic approach to this.

“We need the expertise; thus, our approach must be correct – the one I’m taking is our own state-owned company, which will work together with Petronas.

“Petronas has the expertise, and we also have our own experts and engineers who are working in Petronas, Shell and other O&G companies.

“So these are the kind of organisations and people that we need so that we can go upstream together. By doing so, we are also creating job opportunities for Sarawakians,” he said.

Abang Johari said Petros would adopt a normal business model based on equities, adding that the government would not take all of it as Sarawak is not a socialist state, or country.

He pointed out that although the company might be 100-per cent owned by the state government, it would still have to work with other partners to explore and extract O&G.

“For example, say we discover oil on Marudi land – the oil would be ours but together with Petronas, we would extract the oil from there because they (Petronas) have the technology at the moment.

“If it’s shallow (digging), the cost would be cheaper (but) if it’s in the deep sea, the cost would be higher. The average now is about US$22–US$24 per barrel, in terms of cost.

“If we got O&G reserve on land, the cost would be cheaper and if the price is US$50 per barrel, we would still get some margins based on our equity and that would be the revenue to the state,” he said.


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