HOMEWHO WE ARE

An integrated player throughout the oil and natural gas value chain, we are committed to harnessing our resources for the sustainable progress of Sarawak. We will leverage our lean and rapidly growing team to deliver on our value creation strategy and footprint ambitions. Core to the way we build our business – Safety is priority #1, ethical business practices and sustainable, responsible growth.

Purpose
Harnessing Resources for Sustainable Progress of Sarawak and Beyond
 
Our Values
Integrity, Respect, Professionalism, Passion

MILESTONES

February 2024

PETROS appointed as Sarawak’s Gas Aggregator to realise greater values from a more balanced distribution of gas resources throughout Sarawak, accelerating Sarawak’s economic growth to achieve a high-income status by 2030.

January 2024

PSEP formalised its participation in two (2) Sarawak Exploration Production Sharing Contracts – SK510 and 5E, under the Malaysia Bid Round 2023.

December 2023

PETROS’s retail liquefied petroleum gas (LPG) arm, PETROSNiaga Sdn Bhd holds 100% market share of subsidised 14kg LPG cylinders for household use in Sarawak.

July 2023

Award of Earthworks contract for the proposed Miri CCGT Power Plant.

March 2023

PETROS was issued the first licence for Carbon Storage to begin its strategic role Resource Manager for Sarawak’s Carbon Capture Utilisation and Storage (CCUS) endeavour. The licence covers an area located in the North Luconia Province, offshore Bintulu.

February 2023

● Official launch for the Pilot Project for Piped Natural Gas Supply at Medan Saberkas Miri.

● PETROS secured carried equity in SK325, SK328, SK418, DW2A, DW3B and DW4E Exploration Production Sharing Contract (PSC) offshore Sarawak.

January 2023

Secured equity in Baram Junior Cluster and A Cluster Small Field Asset PSCs offshore Sarawak.

December 2022

● BDO EOR and SK307 Sales and Purchase Agreement between PSEP and Sarawak Shell Berhad.

● PETROS is now the 3rd largest equity Oil and Gas Producer in Malaysia.

November 2022

Obtained State Planning Authority (SPA) approval for the proposed Miri Combined Cycle Gas Turbine (CCGT) Power Plant – an anchor for the Sarawak Gas Roadmap Miri Hub Development and one of PETROS’ first Capital Project.

October 2022

● SK407 Farm Out Agreement between PSEP and PETRONAS Carigali.

● Miri Gas Supply Heads of Agreement between PETROS and PETRONAS.

● Carbon Capture and Storage Joint Collaboration Agreement between PETROS and PETRONAS.

September 2022

Joint Technical Study Agreement is signed for Block 334 onshore Sarawak.

May 2022

● PETROS and PETRONAS Dagangan Berhad concludes the business transfer and share subscription agreement (BTSSA) for PetrosNiaga.

● PetrosNiaga controls 65% of the LPG market share in Sarawak.

April 2022

Secured carried equity in SK427 Exploration Production Sharing Contract (PSC) offshore Sarawak with SK Earthon (SKEO), a wholly owned subsidiary of South Korea’s SK Innovation Co. Ltd as the operator.

March 2022

Secured carried equity in SK439/SK440 Exploration Production Sharing Contract (PSC) offshore Sarawak. Sarawak Shell Berhad is the operator.

December 2021

● Signing of Memorandum of Understanding (MoU) between PETROS and PETRONAS on a staggered increase of gas supply from 450 million standard cubic feet per day to 1.2 billion standard cubic feet per day by 2030.

● Signing of Heads of Agreement for Sarawak LPG between PETROS, PETROS Niaga Sdn Bhd (PNIAGA) and PETRONAS Dagangan Berhad.

August 2021

PETROS LPG serves its first customers in Kuching.

July 2021

● Secured carried equity in SK437 Exploration Production Sharing Contract (PSC) offshore Sarawak with Sarawak Shell Berhad as the operator.

● Inaugural award of Sarawak Onshore Block SK433 to Petra Energy Development Sdn Bhd, Uzma Energy Venture (Sarawak) Sdn Bhd and Petroleum Sarawak Exploration & Production Sdn Bhd.

January 2021

● Acquisition of 50% equity in Kumang Cluster Production Sharing Contract (PSC) offshore Sarawak from PETRONAS Carigali Sdn Bhd.

● Acquisition of 20% equity in MLNG Production Sharing Contract (PSC) offshore Sarawak from PETRONAS Carigali Sdn Bhd and Sarawak Shell Berhad.

● PETROS is the third highest equity gas producer and second highest equity condensate producer in Sarawak.

December 2020

● Launch of PETROS LPG in Kuching.

● Signing of Commercial Settlement Agreement (CSA) between State Government of Sarawak and PETRONAS.

October 2020

3rd Sarawak Oil and Gas Industry Connect in Kuching.

February 2020

Domestic Gas signing ceremony between PETROS and PETRONAS for the operationalisation of PETROS as domestic gas aggregator.

January 2020

PETROS Gas initialised consolidation of the domestic gas business in Sarawak:

● PETROS Gas is the operator of the Miri Gas Distribution System (MGDS) and Bintulu Gas Distribution System (BGDS) and seller of gas to existing industrial, commercial and residential customers in Miri and Bintulu, respectively

● Sarawak Gas Distribution Sdn Bhd (SGDSB) is a wholly owned subsidiary of PETROS Gas. SGDSB owns and operates the piped natural gas grid that supplies domestic gas to over 25,000 households and 1,000 commercial businesses in Miri, Sarawak.

April 2019

2nd Sarawak Oil and Gas Industry Connect in Bintulu.

March 2019

PETROS @ Sarawak Career And Training (SCAT) Fair.

May 2018

1st Sarawak Oil and Gas Industry Connect in Kuching.

March 2018

Official launch of PETROS by the Right Honourable Premier of Sarawak, at Pullman Kuching.

September 2017

Inaugural PETROS Board Meeting.

August 2017

Appointment of Tan Sri Datuk Amar (Dr) Hamid bin Bugo as Chairman of PETROS Board together with Dato Mohammad Medan Abdullah, Datu Haji Sharbini Suhaili, Datu Zuraimi Sabki and Dato Heng Hock Cheng.

July 2017

Incorporation of Petroleum Sarawak Berhad (PETROS)

2016

World’s first Floating LNG facility by Petronas

1986

Shell Middle Distillate Synthesis, the world’s first Gas-to-liquid plant was incorporated and commenced operations in 1993

1980

ASEAN Bintulu Fertilizer was established in 1980 and commenced operations in 1985

1979

Bintulu Crude Oil Terminal was the first major industrial project to commence construction in Tanjung Kidurong

1978

Malaysia LNG Sdn Bhd (MLNG) was incorporated. MLNG’s first export cargo delivered in January 1983

1968

West Lutong delivered the first offshore oil production

1965

Miri became the first town with the piped gas system. In 1995, the Miri natural gas pipeline grid was privatised to Sarawak Gas Distribution Sdn Bhd (a wholly owned subsidiary of PETROS since 1 January 2020). Under SGDSB, pipe-laying expansion have brought some 25,000 households and 1,000 commercial businesses on-grid

1963

Discovery of Baram field, the first offshore field

1960

Exploration expanded from onshore to offshore with Orient Explorer as the first mobile drilling rig to be used. Shell pioneered the first single buoy mooring (SBM) system, first in the world

1914

Sarawak’s first oil refinery built by Shell at Tanjung Lobang, Miri. Subsequently moved to Lutong, Miri. A first submarine pipeline was laid in Miri, the first of its kind in the region. The 45,000 barrels per day designed capacity Lutong Oil Refinery operated until 2004

1910

First Oil discovery by Shell Oilfield Limited in Miri. Well No 1 known as Grand Old Lady is situated at the top of Canada Hill, Miri

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SARAWAK OIL & GAS

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