Miri To Regain State’s O&G Hub Status - Show Us The Maths
Borneo Post reported…MIRI (Dec 28): The relocation of Shell’s regional office to Miri and the involvement of state-owned Petroleum Sarawak Berhad (Petros) in onshore upstream activities will be a big economic boost to Miri, said Deputy Chief Minister Datuk Amar Awang Tengah Ali Hasan.
https://www.theborneopost.com/2020/12/28/miri-poised-to-return-as-og-hub/
We do not need to know too much Datuk Amar Awang Tengah. Just tell us something about the known reserves in this Adong Kecil West-1 field in a language that we ordinary folks can understand like how big is the potential daily extraction, how much revenue can Sarawak earn from it in the next 5 years, how long will the reserve last based on expected daily production and how much must Petros pay Petronas Carigali Sdn Bhd to compensate for the exploration expenses already incurred.
As for the Engkabang-Karap field in the Baram Delta, the result of the exploration there was recorded as ‘ Although the exploration results of the southern Eo-Oligecene carbonate play has been disappointing to date…’. Those words are also unintelligible to us ordinary man on the street and we are asking the same questions with regards to this Engkabang-Karap field.
It will be most helpful to us (as we prepare our hearts and minds for the coming PRN) if you can show us comparisons between how much Sarawak will get from a 20% loyalty on O&G, from the 5% SST on O&G products and from Petros going in operate the 2 fields. Please do not cloud the discussion by talking about things like employment opportunities for Sarawakians as you have control over immigration and work permits for non_Sarawakians.
Is short, just show us proof that Petros going in to operate the 2 fields is the better option among the three (3) mentioned immediately above. The information so far in public domain is scanty.
The Edge Financial Daily reported..’The Adong Kecil West-1 well, located about 20 km northeast of Miri town, was drilled by JX Nippon Oil & Gas Exploration Limited, the operator for Block SK333, together with its joint venture partner PETRONAS Carigali Sdn Bhd.
The well was drilled to a depth of 3,170 meters and encountered a total of approximately 349 metres of net hydrocarbon thickness’
https://www.theedgemarkets.com/article/petronas-announces-new-oil-and-gas-discoveries-onshore-sarawak
https://in.reuters.com/article/petronas-discovery-idINL4N0AN1NN20130118
https://gsm.org.my/products/702001-101705-PDF.pdf
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