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Sarawak issues leases on two oil fields to Petros

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The state-owned company is granted the right to control all oil and gas from fields in Miri and Marudi. FMTNews Sarawak Oil

Miri is the site of Sarawak’s first oil well, the Grand Old Lady. New leases for oil drilling in Miri were announced by the state government today.

Chief Minister Abang Johari Openg who made the announcement tonight said the leases were for the Adong Kecil West field in Miri district and the Engkabang block in Marudi district. “The Oil Mining Ordinance has never been repealed even during the period of the 1969 Proclamation of Emergency. The state government is firmly committed to regulating oil mining in the state to protect the interests and aspirations of Sarawakians,” he said.

The state government would put in place a fair and business friendly regulatory framework and environment to attract investors to participate in the development of the O&G industry in Sarawak, he said.

 

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