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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


The Sun
25-06-2025
- Business
- The Sun
Kyrgyz President visits Petronas Twin Towers
KUALA LUMPUR: President of the Kyrgyz Republic, Sadyr Zhaparov, visited the iconic Petronas Twin Towers here today as part of his two-day official visit to Malaysia. Arriving at 4.30 pm, Zhaparov and his entourage, accompanied by Deputy Minister of Works Datuk Seri Ahmad Maslan, were welcomed by Petronas senior vice-president of Malaysia Petroleum Management Datuk Bacho Pilong. They were also briefed on the towers' architecture by Petronas Twin Towers Visit Operations manager Safful Bahari Din. The Kyrgyz delegation spent around 40 minutes touring the 42nd-floor skybridge and enjoying panoramic views from level 86 of the world's tallest twin towers. Zhaparov, who arrived in Malaysia yesterday, was earlier accorded an official welcome at Perdana Putra before proceeding to a bilateral meeting with Prime Minister Datuk Seri Anwar Ibrahim. The visit marks Zhaparov's maiden official trip to Malaysia since assuming office in January 2021, and reciprocates Anwar's official visit to the Kyrgyz Republic in May last year. In 2024, the Kyrgyz Republic was Malaysia's fourth-largest trading partner among Central Asian countries, with total bilateral trade valued at RM40 million (USD8.74 million). Malaysia's main exports to the Kyrgyz Republic included electrical and electronic products, palm oil and palm oil-based agricultural products, machinery, equipment and parts. Its key imports from the Kyrgyz Republic comprised chemicals and chemical products, electrical and electronic products, and processed food. Malaysia and the Kyrgyz Republic established diplomatic relations on May 21, 1992, following Kyrgyzstan's independence after the dissolution of the Soviet Union in 1991.

Barnama
25-06-2025
- Business
- Barnama
Kyrgyz President Visits Petronas Twin Towers
Kyrgyz President Sadyr Zhaparov and his delegation receive a warm welcome from PETRONAS Senior Vice President of Malaysia Petroleum Management, Datuk Bacho Pilong. KUALA LUMPUR, June 25 (Bernama) -- President of the Kyrgyz Republic, Sadyr Zhaparov, visited the iconic Petronas Twin Towers here today as part of his two-day official visit to Malaysia. Arriving at 4.30 pm, Zhaparov and his entourage, accompanied by Deputy Minister of Works Datuk Seri Ahmad Maslan, were welcomed by Petronas senior vice-president of Malaysia Petroleum Management Datuk Bacho Pilong. They were also briefed on the towers' architecture by Petronas Twin Towers Visit Operations manager Safful Bahari Din. The Kyrgyz delegation spent around 40 minutes touring the 42nd-floor skybridge and enjoying panoramic views from level 86 of the world's tallest twin towers. Zhaparov, who arrived in Malaysia yesterday, was earlier accorded an official welcome at Perdana Putra before proceeding to a bilateral meeting with Prime Minister Datuk Seri Anwar Ibrahim. The visit marks Zhaparov's maiden official trip to Malaysia since assuming office in January 2021, and reciprocates Anwar's official visit to the Kyrgyz Republic in May last year. In 2024, the Kyrgyz Republic was Malaysia's fourth-largest trading partner among Central Asian countries, with total bilateral trade valued at RM40 million (USD8.74 million). Malaysia's main exports to the Kyrgyz Republic included electrical and electronic products, palm oil and palm oil-based agricultural products, machinery, equipment and parts. Its key imports from the Kyrgyz Republic comprised chemicals and chemical products, electrical and electronic products, and processed food. Malaysia and the Kyrgyz Republic established diplomatic relations on May 21, 1992, following Kyrgyzstan's independence after the dissolution of the Soviet Union in 1991.


Korea Herald
24-06-2025
- Business
- Korea Herald
EAST COAST ENERGY 2025 KICKS OFF IN TERENGGANU, IGNITING MALAYSIA'S GREEN FUTURE
Inaugural Conference Unites Leaders to Accelerate Sustainable Transition Through High-Level Dialogues, Community Initiatives, and Strategic Partnerships KUALA TERENGGANU, Malaysia, June 24, 2025 /PRNewswire/ -- Malaysia's East Coast today marked a pivotal moment in its commitment to sustainable development and energy transition with the official opening of East Coast Energy (ECE) 2025 at Taman Tamadun Islam Convention Centre in Kuala Terengganu. Hosted by Terengganu State Government and Terengganu Petroleum Council (TPC), this landmark two-day conference brings together over 900 influential delegates, including policymakers, global energy leaders, investors, and technology innovators, committed to building a resilient, inclusive, and low-carbon energy future for the region and the nation. The summit was officiated by Duli Yang Teramat Mulia Tengku Muhammad Ismail ibni Al-Wathiqu Billah Sultan Mizan Zainal Abidin, Yang Di-Pertuan Muda Terengganu, alongside YAB Dato' Seri Ir. Dr. Ahmad Samsuri bin Mokhtar, Chief Minister of Terengganu and Executive Patron of ECE 2025, underscoring the state's leadership and commitment in regional empowerment and advancing clean energy innovation. "ECE 2025 is a movement towards a future where Terengganu leads in clean energy transformation, anchored in innovation, resilience, and regional empowerment," declared Chief Minister Ahmad Samsuri. "As Malaysia charts its path towards a low-carbon economy, the East Coast is ready not just to participate but to lead with conviction." With the theme "Innovating Energy, Elevating East Coast," ECE 2025 serves as a catalyst for strategic investment, technology exchange, and collaborative solutions to energy and environmental challenges. Centred on four core pillars, Energising Local Communities, Energy Security & Innovation, Accelerating the Energy Transition, and Carbon Capture, Utilisation & Storage (CCUS), the summit features six high-impact forums designed to drive actionable outcomes. "The East Coast remains a land of immense potential. Alhamdulillah, with continued support from both the Federal and State governments, PETRONAS is taking proactive steps to attract investors by actively shaping the industry's future, enabling transformation and accelerating impactful advancements" said Datuk Ir. Bacho Pilong, Senior Vice President (SVP), Malaysia Petroleum Management, PETRONAS during his special address at the ECE 2025 opening. Leading the discussions are a stellar lineup of industry heavyweights, including Dato' Tun Ahmad Faisal Tun Abdul Razak, Chairman of East Coast Energy 2025, Dato' Burhanuddin Hilmi B Mohamed, President & Group CEO of Terengganu Inc., Datuk Ir. Bacho Pilong, Senior Vice President of Malaysia Petroleum Management (MPM), PETRONAS, Ir. M Yusri M Yusof, Senior Vice President (SVP), Project Technology & HSSE, PETRONAS, Dr. Ts. Muhtar Suhaili, Group CEO of EPIC Berhad cum Chairman of ECE 2025 Working Committee. and M Zamri Abd Ghani, Steering Committee of East Coast Energy 2025 alongside Nurul Najwa Mohd Aras, Head (Resource Development & Management), Malaysia Petroleum Management of PETRONAS, among others. "ECE 2025 reflects our vision to position Terengganu as a hub for clean energy investment and innovation," said Dato' Burhanuddin Hilmi, President & Group CEO of Terengganu Inc. "As Strategic Partner, we are committed to translating summit outcomes into long-term projects that generate real value for the state and our people." Complementing the dynamic forums is a dedicated exhibition, showcasing innovations in energy efficiency, renewables, digitalisation, and carbon management. With participation from major corporations, SMEs, and emerging startups, the exhibition facilitates partnerships, investment, and knowledge exchange. "At EPIC Berhad, we believe in building an energy future that delivers both economic growth and social value," said Dr. Ts. Muhtar, Group CEO of EPIC Berhad. "From spearheading offshore support services to championing community-driven initiatives our mission aligns with ECE's goal of powering progress through inclusivity and impact." Other highlights of ECE 2025 are the Community Outreach Programme and the ECE Golf Classic, a premier golf tournament organised by EPIC Berhad. With the Community Outreach Programme, dental services including check-ups and scaling, will be coordinated to over 300 residents from underserved areas. This collaborative effort, involving government agencies, private dental clinics, and university volunteers, exemplifies ECE 2025's commitment to building healthier communities. Meanwhile, the Young Leaders Programme connects students and young professionals with energy sector mentors – designed to inspire the next generation of energy changemakers. ECE 2025 also proudly showcases Terengganu's rich cultural heritage and captivating eco-tourism offerings through traditional performances, local crafts, and authentic cuisine. The summit effectively highlights the state's dual appeal as an energy investment hub and an attractive lifestyle destination for international talent and investors. As Malaysia accelerates toward its ambitious net-zero emissions targets while simultaneously strengthening national energy security, ECE 2025 emerges as the definitive platform for facilitating multi-million-dollar investments in renewables, grid modernisation, and clean tech manufacturing. The summit focuses on aligning federal and regional policies, facilitating technology transfer, and supporting workforce development for high-value careers in the clean energy sector. "Informa Markets is proud to support the growth of Malaysia's energy industry through powerful platforms such as ECE 2025," said Gerard Leeuwenburgh, Country General Manager of Informa Markets Malaysia. "Building on the success of Oil and Gas Asia (OGA), we are creating a dedicated space for meaningful dialogue, strategic partnerships, and actionable outcomes that will help accelerate the East Coast's contribution to the national energy agenda." ECE 2025 takes place from 23-24 June 2025, with Terengganu Inc. as Strategic Partner, EPIC Group as Corporate Partner, and PETRONAS as Knowledge Partner. Organised with Informa Markets – the team behind Oil & Gas Asia, this conference aims to influence Southeast Asia's energy policy and investment for years to come. For more information on ECE 2025, including registration and participation opportunities, please visit Notes to Editor: About East Coast Energy 2025 East Coast Energy (ECE) 2025 is the premier energy transition summit for Malaysia's East Coast region. Hosted by Terengganu State Government and the Terengganu Petroleum Council (TPC) with pivotal support of key partners Terengganu Inc, EPIC Berhad, PETRONAS and Informa Markets, the team behind Oil and Gas Asia (OGA). ECE 2025 highlights critical industry trends while prioritising the balance between economic advancement, social responsibility, and environmental stewardship. Join us as we align energy development with regional priorities to deliver meaningful impact for businesses, communities, and the planet.


The Star
19-06-2025
- Business
- The Star
PETRONAS inks digital partnerships to enhance E&P competitiveness
KUALA LUMPUR: PETRONAS, through Malaysia Petroleum Management (MPM), has formalised memoranda of understanding (MoUs) at Energy Asia 2025, reflecting the group's commitment to global collaboration to enhance Malaysia's positioning as a high-value, agile and investment friendly upstream environment. The MoUs involve collaborations with Amazon Web Services, SLB, Halliburton, Microsoft, Accenture, Iraya Energies, Rystad Energy Advisory Asia Pacific and S&P Global Commodity Insights. In a statement, PETRONAS said these partnerships mark a significant step in Malaysia's upstream digital transformation journey, designed to accelerate investor's decision-making through advanced technologies focusing on Agentic artificial intelligence and high-performance computing. Senior vice-president of MPM Datuk Bacho Pilong, said: "At PETRONAS, we believe that by embracing digital intelligence and strategic partnerships, we are enhancing Malaysia's Exploration and Production (E&P) competitiveness, creating an investment environment anchored on pace, data-reliability and transparency. We are elevating our web-based E&P data platform, PETRONAS myPROdata to support future Malaysia Bid Rounds. "These partnerships are also about reshaping the way we work, unlocking new value through technology, enabling better investment decisions and strengthening Malaysia's appeal to global energy players.' PETRONAS said it remains committed to ensuring an optimal and sustainable energy supply, with MPM playing a pivotal role in managing petroleum arrangements and providing stewardship for upstream petroleum activities in Malaysia.