Sarawak Gas Masterplan to involve more participation from Sarawakian O&G vendors

A group photo after signing the Commercial Settlement Agreement between Sarawak government and Petronas on Dec 7, 2020. Graphic courtesy of Bernama.

By Lian Cheng

KUALA LUMPUR, Dec 7: The signing of the commercial settlement agreement between Petroliam Nasional Berhad (Petronas) and the Sarawak state government today will pave the way for the development of the Sarawak Gas Masterplan which will involve more participation of Sarawakian vendors.

“As mentioned, the agreement will open new avenues for collaboration between Petronas and Petros (Sarawak Petroleum Berhad) which includes the development of the Sarawak Gas Masterplan and ongoing efforts to encourage more participation by Sarawakian vendors,” said Tengku Muhammad Taufik Tengku Aziz, President and Group CEO of Petronas at the Commercial Settlement Agreement signing ceremony between the Sarawak government and Petronas in Kuala Lumpur today.


To Tengku Muhammad Taufik, today’s event marked a new chapter for Petronas’ relationship with Sarawak.

“The partnership witnessed today reflects Petronas’ commitment to collaborate and support the Sarawak state government in realising their ambition to be a more active player in its domestic oil and gas industry, through Petros.

“Under this landmark commercial settlement agreement, both Petronas and the state government have agreed to establish a consultative framework to enhance collaboration through a structured and formalised avenue comprising a Joint Coordination Committee (JCC) and an Annual Strategic Dialogue (ASD),” said Tengku Muhammad Taufik.

He said these platforms will be co-chaired by Sarawak Chief Minister Datuk Patinggi Abang Johari Tun Openg and Petronas chairman Tan Sri Ahmad Nizam Salleh.

While the the agreement signed today will open new avenues for collaboration between Petronas and Petronas especially in encouraging more participation by Sarawakian vendors, Tengku Muhammad Taufik hoped the Sarawak government will facilite immigration matters for the national oil conglomerate.

“In this stride, Petronas would hope that the expeditious granting of necessary licences, and the processing of matters relating to land and immigration as well as other matters under state’s jurisdiction would be facilitated to ensure that the state’s oil and gas industry continues to thrive.

“I believe there are many more opportunities and milestones to be achieved in our long-standing relationship with Sarawak.

“Therefore, I am confident that this structured and progressive approach will augur well for both Sarawak and Petronas in ensuring that the energy sector remains a viable contributor to economic growth for the state and the nation,” said Tengku Muhammad Taufik. — DayakDaily

Read more:

Petros to receive oil prospecting licences to explore northern Sarawak

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

Petronas Group CEO: Sarawak to get more actively involved in onshore O&G activities

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