Latest news with #Bacho
Daily Express
05-07-2025
- Business
- Daily Express
Petronas inks key Sabah deals
Published on: Saturday, July 05, 2025 Published on: Sat, Jul 05, 2025 By: Bernama Text Size: Phoong (fifth from right) and Bacho (fourth from right) with State Government representatives and industry leaders at the SOGCE 2025. Kuala Lumpur: Petroliam Nasional Bhd (Petronas), via Malaysia Petroleum Management (MPM), has formalised a few key agreements with the Sabah state government at the Sabah Oil, Gas & Energy Conference & Exhibition (SOGCE) 2025. In a statement on Friday, the national oil company said it officially handed over the Sabah gas strategy document, which outlines a long-term and structured blueprint to secure reliable gas supply for the state's expanding domestic demand. Advertisement The document is a joint initiative between Petronas and the Sabah state government. MPM senior vice-president Datuk Bacho Pilong said the document handover, together with other milestones, 'reaffirms our partnership with the state government to responsibly unlock the full potential of the state's energy resources. 'We will together continue accelerating sustainable development, strengthening energy security and creating long-term value to benefit Sabah and the nation,' he said. These various milestones reflect a shared commitment to advancing Sabah's energy landscape via collaborative, sustainable, and value-driven development, he said. The Sabah gas strategy was developed by a joint task force comprising Petronas, SMJ Energy Sdn Bhd, Sabah Energy Corporation Sdn Bhd, Sabah's Energy Commission and Sabah's Industrial Development and Entrepreneurship Ministry under the advice of the Sabah joint coordination committee, the statement said. Additionally, Petronas said it also signed the technical evaluation agreement (TEA) with ConocoPhillips Malaysia New Ventures Ltd and PERTAMINA Hulu Energi for the Layang-Layang Basin. This paves the way for comprehensive subsurface studies ranging from regional geological assessments to detailed prospect analysis for 44,500 square kilometres located off Sabah's coast. The national oil company also formalised a memorandum of understanding with DIALOG Resources Sdn Bhd to advance the development of the Mutiara Cluster, located off Sabah's east coast. The statement said Petronas is also investing in seismic data acquisition programmes to deepen geological insights and accelerate exploration activities. * Follow us on our official WhatsApp channel and Telegram for breaking news alerts and key updates! * Do you have access to the Daily Express e-paper and online exclusive news? Check out subscription plans available. Stay up-to-date by following Daily Express's Telegram channel. Daily Express Malaysia
Borneo Post
04-07-2025
- Business
- Borneo Post
Petronas forges new milestones for Sabah's energy growth
Bacho (fourth right) and other representatives from Petronas, Sabah state governments and industry leaders at he launch of SOGCE in Kota Kinabalu. KUALA LUMPUR (July 4): Petroliam Nasional Bhd (Petronas), via Malaysia Petroleum Management (MPM), has formalised a few key agreements with the Sabah state government at the Sabah Oil, Gas & Energy Conference & Exhibition (SOGCE) 2025. In a statement yesterday, the national oil company said it officially handed over the Sabah gas strategy document, which outlines a long-term and structured blueprint to secure reliable gas supply for the stateís expanding domestic demand. The document is a joint initiative between Petronas and the Sabah state government. MPM senior vice-president Datuk Bacho Pilong said the document handover, together with other milestones, ìreaffirms our partnership with the state government to responsibly unlock the full potential of the stateís energy resources. 'We will together continue accelerating sustainable development, strengthening energy security and creating long-term value to benefit Sabah and the nation,' he said in the statement. These various milestones reflect a shared commitment to advancing Sabah's energy landscape via collaborative, sustainable, and value-driven development, he said. The Sabah gas strategy was developed by a joint task force comprising Petronas, SMJ Energy Sdn Bhd, Sabah Energy Corporation Sdn Bhd, Sabah's Energy Commission and Sabah's Industrial Development and Entrepreneurship Ministry under the advice of the Sabah joint coordination committee, the statement said. Additionally, Petronas said it also signed the technical evaluation agreement (TEA) with ConocoPhillips Malaysia New Ventures Ltd and PERTAMINA Hulu Energi for the Layang-Layang Basin. This paves the way for comprehensive subsurface studies ranging from regional geological assessments to detailed prospect analysis for 44,500 square kilometres located off Sabah's coast. The national oil company also formalised a memorandum of understanding with DIALOG Resources Sdn Bhd to advance the development of the Mutiara Cluster, located off Sabah's east coast. The statement said Petronas is also investing in seismic data acquisition programmes to deepen geological insights and accelerate exploration activities. – Bernama
Daily Express
03-07-2025
- Business
- Daily Express
RM500 million yearly next five years. On exploration and related activities in Sabah's East Coast: Petronas
Published on: Friday, July 04, 2025 Published on: Fri, Jul 04, 2025 By: Sisca Humphrey Text Size: 'One major target is Block SB505 off the east coast, with 3D seismic data being made freely available to qualified bidders. Our goal is simple. We want to lower the risk and raise the value of these underexplored basins,' Bacho said. Kota Kinabalu: Petronas is accelerating its upstream agenda in Sabah with a renewed push into the state's frontier basins, strategic deepwater projects and industrial-scale gas monetisation, including the rebranding of the Semporna Basin to the Tawau Basin. Petronas Senior Vice President of Malaysia Petroleum Management (MPM), Datuk Bacho Pilong, said Sabah continues to be a cornerstone in the national oil company's long-term energy strategy. Advertisement 'Sabah is central to the country's energy future. From west coast producers to east coast frontier opportunities, it offers a complete portfolio for sustainable growth,' he said. He was delivering a keynote address at the 12th Sabah Oil, Gas & Energy Conference & Exhibition (SOGCE) 2025 at Sabah International Convention Center (SICC), Thursday. One of the most notable announcements was the proposed renaming of the Semporna Basin to the Tawau Basin, aimed at reflecting growing interest in Sabah's southeastern offshore potential. A name change intended to better reflect the geographical context and rising commercial interest in Sabah's southeastern offshore areas. 'We believe the time is right to rebrand the basin. Tawau reflects both its geography and its immense untapped potential. This is not merely a naming change. 'It signals a long-term repositioning of exploration focus and commercial attention,' he said. Further supporting this shift, Petronas will commit RM500 million annually until 2030 toward exploration and basin enrichment, including seismic acquisition, geological mapping and open data access. 'One major target is Block SB505 off the east coast, with 3D seismic data being made freely available to qualified bidders. Our goal is simple. We want to lower the risk and raise the value of these underexplored basins,' Bacho said. He also noted growing international interest, with six Technical Evaluation Agreements (TEAs) signed this year with new entrants including ConocoPhillips, Pertamina and Posco International. Five PSCs were also awarded under the latest Malaysia Bid Round. In the deepwater space, recent development efforts have centred on high-impact projects in western and northwestern Sabah, including Gumusut-Kakap and Geronggong–Jagus East (GK-GJE) Phase 4. He said the initiative marks Malaysia's first cross-border deepwater collaboration with Brunei and has already yielded positive results. 'GK-GJE Phase 4 is more than a project. It is a precedent. This marks the first time the two nations have jointly developed a deepwater field, and the outcome exceeded expectations,' he said. Other active fields under expansion include Kikeh Phase 3B, Block H Phase 1B and Kinabalu NAG Phase 3, which are collectively expected to unlock approximately 150 million barrels of oil equivalent, supported by over RM9 billion in capital spending. On the exploration front, Bacho confirmed three significant finds. Megah-1, drilled in ultra-deepwater, reached a total depth of 4.7 kilometres. The Bilit Deep-1 and Zoisit-1 wells, both located in the SB409 contract area, are part of a cluster that could meet future domestic gas needs well beyond 2030. 'These discoveries are among our most promising in recent years. They represent the next chapter in the region's upstream story and reinforce the importance of continued eastward expansion,' he said. Further downstream, a key milestone this year has been the delivery of natural gas to Esteel Sabah, supporting operations at the state's first low-carbon steel facility. Phase One of the plant was launched in May, following a gas supply agreement signed earlier between the national oil company and Sabah Energy Corporation. 'Subject to volume availability, Esteel has the potential to become the largest low-carbon steel facility in the world, and it is based right here in the state,' he said. The project is part of the broader Sabah Gas Strategy, co-developed under the Sabah Joint Coordination Committee, which also includes SMJ Energy, SEC and the Energy Commission. 'The long-term framework aims to ensure stable and sustainable gas supply for local consumption while enabling large-scale industrial development. 'It is a coordinated approach to gas monetisation, aligning energy availability with future-ready manufacturing growth,' Bacho said. Sabah's prominence in the global LNG supply chain also continues to rise. In addition to housing Malaysia's only two floating LNG facilities, a third known as ZLNG is expected to begin operations by 2027. 'With ZLNG coming online, this state will strengthen its position on the global LNG supply map. This is not a local story. It is about contributing to global energy security,' he said. He also revealed that Petronas is preparing to deliver its first LNG cargo from Canada this weekend, further diversifying its international gas portfolio. 'We now have supply nodes from Canada to Australia. And this weekend marks a new chapter. Our first cargo from Canada is ready to sail,' he added. Bacho highlighted Petronas' long-term investment in talent and local capability. 'We're not just investing in reserves and infrastructure. We're investing in people,' he said. He emphasised that the focus is on building a sustainable ecosystem that benefits not only the company but also the state and its future. * Follow us on our official WhatsApp channel and Telegram for breaking news alerts and key updates! * Do you have access to the Daily Express e-paper and online exclusive news? Check out subscription plans available. Stay up-to-date by following Daily Express's Telegram channel. Daily Express Malaysia
Broadcast Pro
02-07-2025
- Business
- Broadcast Pro
Al Arabiya deploys Ross Video camera systems at new Al Hadath studio in Riyadh
The newly integrated camera robotics system enables the studio to automate a wide range of shots with pinpoint accuracy. News broadcaster Al Arabiya has built a new studio for its sister channel Al Hadath, relying on advanced camera robotics from Ross Video to bring the project to life. Al Hadath is primarily dedicated exclusively to political reporting and the two channels together reach millions of viewers across the Middle East and beyond. As part of a strategic expansion, Al Arabiya recently developed a state-of-the-art studio for Al Hadath in Riyadh's Diplomatic Quarter. The project reportedly features some of the longest U- and L-shaped Furio camera rails ever installed. With only eight months to complete the project, the channel partnered with Ross Video and its long-time systems integrator, First Gulf Company, to deliver the vision on schedule. Al Arabiya's relationship with Ross Video stretches back nearly two decades, beginning with the adoption of a Ross HD vision mixer in 2007. In 2019, the network further upgraded its Dubai headquarters with ten free-roaming CamBot pedestals, cementing Ross as a trusted technology partner. For the new Riyadh facility, Ross provided five Furio rail-based robotic camera systems and three CamBot pedestals, ensuring the production team could achieve highly dynamic and automated camera movements with good precision. The Furio rails, spanning more than 40 metres in intricate U and L configurations, represent the first installation of their kind in the region and required careful planning due to the studio's tight elevation constraints. Speaking about the project, Raed Bacho, Senior Broadcast Manager at Al Arabiya, said: 'The Ross team put in countless hours. They spared no effort executing the design and mitigating risks to make sure everything worked perfectly. The new studio has quickly been recognised as one of the most advanced news production environments in the world, setting a benchmark for broadcast automation and visual storytelling.' Bacho also credited Ross Video's expertise and responsiveness as a key reason for choosing the company's solutions. 'When it comes to challenges, Ross Video is where you go. Their knowledge, experience and responsiveness made all the difference and added value to bringing our vision to life.'
Borneo Post
18-06-2025
- Business
- Borneo Post
Petronas awards PSC for Temaris cluster small field asset
Bacho, (11th from left) together with representatives from Seascape Energy, Afed Texcal and Posco International, commemorating the signing of the Temaris Cluster SFA PSC and two technical evaluation agreements. KUALA LUMPUR (June 18): Petroliam Nasional Bhd (Petronas), through Malaysia Petroleum Management (MPM), has awarded the Temaris Cluster small field asset production sharing contract (SFA PSC) to Seascape Energy Asia (One) Sdn Bhd, a wholly owned subsidiary of Seascape Energy Asia plc (Seascape). Located in the Malay Basin offshore Peninsular Malaysia, the Temaris Cluster comprises the Tembakau and Mengkuang gas fields. This marks the second SFA PSC awarded from the three Discovered Resource Opportunities (DRO) clusters offered under the Malaysia Bid Round 2025 launched earlier this year. Strategically located near existing production infrastructure, the Temaris Cluster benefits from development synergies that enable, cost efficiency and accelerated monetisation of resources. MPM senior vice president, Datuk Bacho Pilong, said, 'Petronas is actively pursuing the development of Peninsular Malaysia's hydrocarbon resources. 'With an expected output of approximately 100 million standard cubic feet of gas per day (MMscfd) and first production targeted by 2029, the Temaris Cluster SFA PSC marks another milestone in our continuous efforts to support the nation's energy security while driving sustainable growth in the industry.' As the sole party to the SFA PSC, Seascape will mark its operational debut in Malaysia, affirming the country's position as a leading energy investment destination. As part of the strategic move to expand Peninsular Malaysia's hydrocarbon resources, Petronas has also signed Technical Evaluation Agreement (TEA) with Afed Texcal Energy Ventures (Afed Texcal) for Langkasuka basin in the Straits of Malacca and POSCO International (Posco) for Layang-Layang Basin off the coast of Sabah. The collaboration highlights Petronas' continued commitment to activate frontier basins and advancing exploration efforts in this promising area. Petronas remains committed to ensuring an optimal and sustainable supply of oil and gas for energy security, with MPM playing a crucial role in managing the country's petroleum resources and providing stewardship for upstream petroleum activities in Malaysia. oil and gas Petronas production sharing contract Seascape Energy Asia
