PETROS’ 21 Production Sharing Contracts participations reinforces S’wak’s resource management rights

Malcolm delivering the winding-up speech for the Ministry of International Trade and Investment at the DUS sitting on Dec 1, 2025. Photo: Sarawak Information Department (JaPen)
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By Doreen Ling

KUCHING, Dec 1: The Sarawak government, through PETROS, now holds participation in 21 Production Sharing Contracts across offshore and onshore areas, marking a major step forward in asserting the State’s rightful role in resource management.

According to Deputy Minister for International Trade and Investment Datuk Dr Malcolm Mussen Lamoh, projects under the Sarawak Gas Roadmap are currently progressing according to plan, with several key initiatives moving into advanced stages of implementation.

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He elaborated that continued upstream investment by PETROS, PETRONAS, Shell, and other operators in onshore and offshore exploration and development activities reinforces the State’s strategy to ensure energy security, expand domestic production, and capture greater value for its people.

“Sarawak’s downstream petrochemical industry has also benefited from the vibrant upstream and midstream development in the oil and gas sector. The RM7 billion Sarawak Methanol Complex has already exported over approximately 750,000 metric tonnes of methanol to major markets including China, Japan, South Korea, Vietnam, Indonesia, and India.

“This marks Sarawak’s successful entry into the global methanol value chain through our competitiveness in downstream petrochemicals,” he said in the ministerial winding-up speech at the Sarawak Legislative Assembly (DUS) sitting today.

Building on this momentum, he said, Sarawak Petchem is progressing into new downstream ventures such as the Green Methanol Project, supporting Sarawak’s ambition to establish a Green Energy Bunkering Hub utilising Low Carbon/Green e-Methanol as fuel in Bintulu.

“In addition, the Low Carbon Ammonia and Urea Project, in collaboration with PETRONAS, will further diversify the State’s petrochemical portfolio and create new high-value opportunities,” he said.

At the same time, he said that Sarawak recognises that the transition to a carbon-neutral manufacturing sector is crucial for economic growth and long-term resilience.

He added that this effort is intended to establish Sarawak as a green investment hub, unlocking new industries and creating high-value employment.

“PETROS and anchor partners are currently conducting the Kuching Low Carbon Hub (KLCH) master plan, guided by an industry-led and demand-driven approach. This ensures alignment with real market needs while integrating energy development with broader urban planning to support diversification, sustainability, and long-term industrial resilience.

“Through this coordinated effort, KLCH is poised to become a dynamic, well-connected hub that attracts new investments and reinforces Sarawak’s overall development trajectory,” he said. — DayakDaily

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