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Our focus is to maximise sustainable return from Sarawak’s Oil and Gas Resources.

Develop a sustainable Upstream business to maximise value and long-term economic returns from Sarawak’s oil and gas resources for Sarawak. We will do this by driving operational and project excellence, coupled with focused exploration, underpinned by commercial and financial discipline.

OUR UPSTREAM BUSINESS

PETROS, through its 100% wholly owned subsidiary, Petroleum Sarawak Exploration and Production Sdn Bhd (PSEP) has acquired equity in strategic producing assets and exploration acreages in Sarawak.

  1. Producing Production Sharing Contract (PSC) offshore Sarawak
    1. Kumang Cluster PSC
    2. MLNG PSC
    3. SK407 PSC
    4. BDO EOR PSC
    5. SK307 PSC
  2. Exploration PSC offshore Sarawak
    1. SK427 PSC
    2. SK439/SK440 PSC
    3. SK437 PSC
    4. SK325 PSC
    5. SK328 PSC
    6. SK418 PSC
    7. DW 2A PSC
    8. DW 3B PSC
    9. DW 4E PSC
  3. Exploration Petroleum Contract (PC) onshore Sarawak
    1. SK433 PC
  4. Discovered Resource Opportunities (DRO) offshore Sarawak
    1. Baram Junior Cluster
    2. A Cluster

Through close partnership and advocacy, PSEP aims to maximise value from our oil and gas foundation assets, to realise the potential from Sarawak offshore and onshore, in synergy with Sarawak Gas Roadmap.

OUR REGULATOR ROLE ONSHORE SARAWAK

PETROS is the “One Stop Centre” to manage, advise and monitor all petroleum operation activities onshore Sarawak. We have developed the PETROS Petroleum Guideline (PPG) to regulate upstream oil and gas activities onshore Sarawak.

 

Onshore Sarawak, an extension of the prolific Offshore Basin is still under-explored for its Hydrocarbon play potential. A comprehensive Regional Prospectivity Study is ongoing with plans for further data acquisition in the next few years.

 

The first onshore Petroleum Contract was awarded in 2021 for Block SK433 onshore Sarawak to rejuvenate exploration activities and commercialise Adong Kecil West discovery in the block.

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