Petros to receive oil prospecting licences to explore northern Sarawak

Fadillah, Abang Johari, Muhyiddin, Tengku Zafrul, Nizam Salleh and Muhammad Taufik (from left to right) seated at the signing ceremony of Commercial Settlement Agreement on Dec 7, 2020. Graphics courtesy of Bernama.

KUALA LUMPUR, Dec 7: Petroleum Sarawak Berhad (Petros) will be issued oil prospecting licences for more exploration projects in northern Sarawak, in due time.

This was announced by Deputy Chief Minister Datuk Amar Awang Tengah Ali Hasan during the signing ceremony for the Commercial Settlement Agreement between the Sarawak government and national oil corporation Petroliam Nasional Berhad (Petronas) this morning.

He said to kick-off the operation in Sarawak, the state government has already issued Petros with two oil mining leases covering areas at Adong Kecil West in Miri and Engkabang south of Marudi on Oct 30.


To up its game, he asserted that Sarawak government will soon issue oil prospecting licences to Petros to conduct exploration for more hydro carbons which is an important component in most fuels.

“The state government has already issued to Petros two oil mining leases covering areas in Miri and near Marudi to kickstart petroleum operations.

“And oil prospecting licences will soon be issued to Petros to facilitate exploration for more hydro carbons in areas described as the ‘petroleum fairway’ in northern Sarawak,” he said during the signing ceremony at Hilton Hotel here today.

The terms embedded in the Commercial Settlement Agreement will ensure Sarawak’s commercial standing and its active involvement with Petronas in the oil and gas (O&G) industry.

The signing was witnessed by Chief Minister Datuk Patinggi Abang Johari Tun Openg and Prime Minister Tan Sri Muhyiddin Yassin.

Also present at the ceremony were Minister of Finance Tengku and co-chair of Malaysia Agreement 1963 (MA63) Joint Committee Datuk Seri Zafrul Abdul Aziz, Senior Minister of Works and also co-chair of MA63 Joint Committee Datuk Seri Fadillah Yusof, and Petronas chairman Tan Sri Ahmad Nizam Salleh. — DayakDaily

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Commercial Settlement Agreement inked, securing Sarawak’s commercial standing in O&G industry

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