Latest news with #BachoPilong
The Star
05-07-2025
- Business
- The Star
PETRONAS forges new milestones for Sabah's energy growth
MPM senior vice-president Datuk Bacho Pilong 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 today, 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. 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 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
Free Malaysia Today
04-07-2025
- Business
- Free Malaysia Today
Petronas, Sabah govt seal strategic energy agreements
Sabah industrial development minister Phoong Jin Zhe (fifth from right), MPM senior vice-president Bacho Pilong (fourth from right), joined by Sabah government representatives and industry leaders at the Sabah Oil, Gas & Energy Conference & Exhibition 2025. (Website pic) PETALING JAYA : Petronas, through Malaysia Petroleum Management (MPM), has formalised several key agreements with the Sabah government at the Sabah Oil, Gas & Energy Conference & Exhibition (SOGCE) 2025 in Kota Kinabalu. The national oil company said the agreements mark key milestones in a shared commitment to advancing Sabah's energy landscape through collaborative, sustainable, and value-driven development. 'The event represented a key advancement in Sabah's energy development with the official document handover of the Sabah Gas Strategy, an initiative by both Petronas and the state government,' it said in a statement. MPM senior vice-president Bacho Pilong said these achievements reaffirm Petronas's enduring partnership with Sabah, built on mutual trust and a shared vision to responsibly unlock the full potential of the state's energy resources. Under the advisory of the Sabah Joint Coordination Committee, the strategy was developed by a joint task force comprising Petronas, SMJ Energy Sdn Bhd, Sabah Energy Corporation Sdn Bhd, the Energy Commission of Sabah as well as the state industrial development and entrepreneurship ministry. Another highlight was the signing of the technical evaluation agreement (TEA) for the Layang-Layang Basin off the coast of Sabah, a frontier basin spanning about 44,500 sq km. The agreement, signed with ConocoPhillips Malaysia New Ventures Ltd and Pertamina Hulu Energi, paves the way for comprehensive subsurface studies ranging from regional geological assessments to detailed prospectivity analysis. 'This highlights Petronas's continued commitment to activate frontier basins and advancing exploration efforts in this promising area,' Petronas said. The company also inked a memorandum of understanding with Dialog Resources Sdn Bhd to further advance the development of the Mutiara Cluster, located off the coast of Sabah's east coast. Offered under the Malaysia Bid Round 2025, the Mutiara Cluster small field asset production sharing contract was awarded to Dialog Resources in June. The cluster offers an opportunity to monetise discovered resources with a cost effective, optimised development plan that will see Dialog Resources repurpose existing materials and equipment, drawing on past insights to accelerate first gas delivery. Petronas is also investing in seismic data acquisition, including off Sabah's east coast, to enhance basin understanding and fast-track exploration.
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
New Straits Times
04-07-2025
- Business
- New Straits Times
Petronas, Sabah ink key energy agreements
KUALA LUMPUR: Petroliam Nasional Bhd (Petronas), through Malaysia Petroleum Management (MPM), has formalised several key agreements with the Sabah state government at the Sabah Oil, Gas & Energy Conference and Exhibition 2025. In a statement, Petronas said these milestones reflect a shared commitment to advancing Sabah's energy landscape through collaborative, sustainable and value-driven development. MPM senior vice-president Datuk Bacho Pilong said this reaffirms Petronas' enduring partnership with the state of Sabah, built on mutual trust and a shared vision to responsibly unlock the full potential of the state's energy resources. "Together, we will continue accelerating sustainable development, strengthening energy security and creating long-term value that will benefit both Sabah and the nation," he said. The event represented a key advancement in Sabah's energy development with the official document handover of the Sabah Gas Strategy, an initiative by both Petronas and the Sabah state government. The strategy was developed by a joint task force comprising Petronas, SMJ Energy Sdn Bhd, Sabah Energy Corp Sdn Bhd, the Sabah Energy Commission and the Industrial Development and Entrepreneurship Ministry. Another highlight was the signing of the Technical Evaluation Agreement (TEA) for the Layang-Layang Basin off the coast of Sabah, a frontier basin spanning approximately 44,500 square kilometres. The TEA, signed with ConocoPhillips Malaysia New Ventures Ltd (COP) and Pertamina Hulu Energi, paves the way for comprehensive subsurface studies ranging from regional geological assessments to detailed prospectivity analysis. Further reinforcing exploration and production collaboration, Petronas formalised a memorandum of understanding with Dialog Resources Sdn Bhd to further advance the development of the Mutiara Cluster, located off the east coast of Sabah. As part of its efforts in enhancing basin understanding to unlock future opportunities for Malaysia's production growth, Petronas is investing in seismic data acquisition programmes, including Sabah's east coast area, to deepen geological insights and accelerate exploration activities. Petronas said it remains steadfast in its commitment to ensuring a sustainable and resilient energy supply for Malaysia. "MPM continues to play a pivotal role in managing the nation's petroleum resources and providing strategic stewardship over upstream petroleum activities in Malaysia," it added.
Daily Express
03-07-2025
- Business
- Daily Express
Petronas to invest RM500 million a year in Sabah upstream O&G
Published on: Thursday, July 03, 2025 Published on: Thu, Jul 03, 2025 By: Sisca Humphrey Text Size: KOTA KINABALU: Petronas has announced a stronger push into Sabah's upstream oil and gas sector, with renewed emphasis on frontier basins, deepwater projects, and gas monetisation. At the 12th Sabah Oil, Gas and Energy Conference and Exhibition (SOGCE) 2025, Petronas Senior Vice President Datuk Bacho Pilong ( pic ) said the Semporna Basin will be renamed the Tawau Basin to reflect growing interest in Sabah's southeastern offshore prospects. The company will invest RM500 million annually until 2030 in basin exploration and development, including making 3D seismic data for Block SB505 freely available to qualified bidders. New exploration finds - Megah-1, Bilit Deep-1, and Zoisit-1 - could support domestic gas supply beyond 2030, while deepwater projects such as GK-GJE Phase 4 represent cross-border collaboration with Brunei. Further downstream, Petronas has begun gas delivery to Esteel Sabah's low-carbon steel plant and expects Sabah's third floating LNG facility, ZLNG, to begin operations by 2027. * 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
