Sarawak Deputy Chief Minister Tan Sri James Masing is confident that companies within the Borneo state can take over oil-and-gas production from national oil firm Petronas.
Masing mooted as the lead agency, saying the Sarawak-based local firm has gained much experience over the years and is now capable of handling oil mining activities for the state, The Borneo Post reported today.
“With over 100 years of experience, Brooke Dockyard is not a kindergarten institution anymore as it is now a university when compared with the other industry players in the county. Other industry players in the country made it big because they got backup from the big guns,” James was quoted as saying.
“Sarawak owns the oil and gas but Petronas is the one currently using our platform created by Brooke Dockyard. As for now we have many marginal oil and gas reserves in Sarawak and since Petronas is not producing anything from these reserves, I hope to see oil and gas from these reserves produced by the state.”
The Barisan Nasional (BN) state administration under Chief Minister Tan Sri Adenan Satem has stepped up its decentralisation bid following its landslide wins in the May 7 election.
Masing who is also Parti Rakyat Sarawak president was reported saying that if the state was in charge of managing its own oil-and-gas production, there would be more job opportunities for its residents.
Pelagus representative Wilson Nyabong Ijang was recently reported suggesting in the state legislative assembly that Sarawak should create its own company to increase the state’s involvement in the oil-and-gas industry.
Previously, Adenan told the state assembly that his government plans to regulate Petronas’ activities within Sarawak.
Adenan said Sarawak’s regulatory framework would be based on relevant state laws to which Petronas and its contractors would have to abide.