RE: News24 Sep 2024 17:04
Simple answer is yes, PETROS will collaborate with PETRONAS to supervise oil and gas (O&G) trading in the state, this will include the development of all upstream and downstream activities.
In my opinion UPL, having very close links with the Sarawak government, will be awarded the PSC for block SK334, rather than to an International player like Shell as they are committed to maximising the participation of indigenous companies in Sarawak involved in the project, another positive for the government both in terms of kudos and also the taxes they will collect. Shell are already very much “in bed” with PETRONAS for activities in the region therefore the fiercely independent Sarawak Government want more control over who drills in their state.