KUCHING, Oct 21 2026: State oil company Petroleum Sarawak Berhad (Petros) has identified nine promising onshore areas of new oil and gas reserves, Deputy Premier Awang Tengah Ali Hasan said in the State Legislative Assembly (SLA) today.
He said Petros plans to drill ten exploratory wells, beginning in Balingian, Limbang-Lawas, Marudi and Niah, involving an estimated investment of RM500 million.
"Sarawak is stepping up onshore exploration using advanced technologies to identify new oil and gas reserves," he said in his winding up speech.
He added downstream development is also progressing, noting that Sarawak Petchem has exported more than 180 cargoes of methanol, strengthening Sarawak’s presence in the global petrochemical market and demonstrating the value of processing the gas resources into higher-value products.
"Looking ahead, proposed low-carbon methanol, ammonia and urea projects will further expand our downstream industries and support the transition towards lower-carbon industrial development," he added.
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