Sarawak to commercialise offshore sour gas reserves with RM52.2 bln investment

Datuk Amar Awang Tengah Ali Hasan

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By Nur Ashikin Louis

KUCHING, June 19: Sarawak Economic Development Corporation (SEDC), Sarawak Shell Berhad and Thailand’s national petroleum exploration and production company PTTEP are in the process of finalising the proposal to commercialise offshore Sarawak sour gas reserves with an investment value of RM52.2 billion.

Sarawak Deputy Premier Datuk Amar Awang Tengah Ali Hasan revealed this when speaking at the Parti Pesaka Bumiputera Bersatu (PBB) 15th Triennial General Meeting (TGM) held at Borneo Convention Centre Kuching (BCCK) here today.

He also revealed that to date, SEDC has already collaborated with several foreign investors to develop hydrogen projects worth about RM15 billion.

“All these investments will trigger a huge spin-off impact on the socio-economy (status) of Sarawak, creating many business opportunities and high-income skilled (workforce) and employment opportunities,” he said.

Following this, he explained that in Sama Jaya High-Tech Park, Kuching, 98 per cent of its 14,600 workforce is made up of Sarawakians and in 2021, a total of RM684 million was paid as salaries.

Meanwhile, Sama Jaya’s spin-off value to the local economy was estimated at RM607 million in the same year.

“For Samalaju Industrial Park in Bintulu, it has provided employment to 7,800 people in energy-intensive industries, of which 76 per cent are Sarawakians.

“In 2021, a total of RM425 million in revenue has been generated. Meanwhile, the spin-off value to the local economy is estimated at RM4.6 billion,” he added. — DayakDaily