Sarawak needs petroleum council, says think tank

Sarawak government urged to prioritise Sarawakian companies in awarding contracts in oil and gas field. (Bernama pic)

PETALING JAYA: A think tank comprising Sarawakian professionals in the oil and gas industry is calling for the establishment of a petroleum consultative council to better manage returns from oil and gas in the state.

Suarah Petroleum Group (SPG) said such a council — which should comprise stakeholders from the industry — can also help ensure maximum value creation.

SPG also called on the Sarawak government to prioritise Sarawakian companies in awarding contracts.

“We call on the Sarawak government to prioritise the employment of local human resources and the use of Sarawakian oil and gas services and equipment (OGSE) vendors,” it said in a statement after holding its 4th annual general meeting in Miri, Sarawak, yesterday.

It went on to suggest that the state government enhance the Sarawak Minerals Management Authority (SMMA) to “monitor, regulate and enforce” Sarawak’s existing laws and formulate new ones revolving around oil and gas operations.

SPG also passed several resolutions, including supporting the Sarawak government’s efforts to reaffirm its rights of ownership and control of the state’s oil and gas resources, in line with the Malaysia Agreement 1963, the Sarawak Constitution and the Federal Constitution.

It also called for the sustainable, secure and affordable development of Sarawak’s oil and gas resources through a master plan covering the total oil and gas value chain.