RM500 mln to fund 10 exploratory wells across nine Petros-identified areas
By Dayangku Hidayatul KUCHING, Oct 21: Petroleum Sarawak Berhad (Petros) has identified nine promising areas for onshore exploration, with plans to drill 10 exploratory wells covering Balingian, Limbang-Lawas, Marudi and Niah, involving an estimated investment of RM500 million. Sarawak Minister for International Trade, Industry and Investment Datuk Amar Awang Tengah Ali Hassan said Miri, Samalaju, Bintulu and Kuching had been identified as key development hubs under the Sarawak Gas Roadmap to…
“Looking ahead, proposed low-carbon methanol, ammonia and urea projects will further expand our downstream industries and support the transition towards lower-carbon industrial development,” he said during his ministerial winding-up speech at the Sarawak Legislative Assembly (DUS) sitting today.
He said these developments would strengthen Sarawak’s integrated oil and gas value chain, from exploration and production to gas processing and downstream manufacturing.
“Our priority is to maximise the economic value of Sarawak’s oil and gas resources while ensuring greater local industry participation, technology transfer and long-term benefits for our people,” he said.
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KUCHING, Oct 21: Petroleum Sarawak Berhad (Petros) has identified nine promising areas for onshore exploration, with plans to drill 10 exploratory wells covering Balingian, Limbang-Lawas, Marudi and Niah, involving an estimated investment of RM500 million.
Sarawak Minister for International Trade, Industry and Investment Datuk Amar Awang Tengah Ali Hassan said Miri, Samalaju, Bintulu and Kuching had been identified as key development hubs under the Sarawak Gas Roadmap to expand gas utilisation, strengthen energy security and promote downstream industries.
Awang Tengah said downstream development was also progressing, with Sarawak Petchem having exported more than 180 cargoes of methanol, strengthening Sarawak’s presence in the global petrochemical market.
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