PETRONAS Takes Over Shell's 50% Interest in MLNG Dua in Sarawak
Petroliam Nasional Berhad (PETRONAS) concluded Friday the handover of 50 percent equity owned by Sarawak Shell Berhad (Shell) to PETRONAS Carigali Sdn Bhd (PCSB) in a closed ceremony held at PCSB Sarawak Operations Office in Miri, Malaysia.
The ceremony saw the Head of Sarawak Asset, Sarawak Shell Berhad, Chok Chee Tsong officially handing over documents symbolizing Shell’s equity to PETRONAS Vice President, Production Malaysia, Upstream Malaysia, Johari Dasri at 12.01am Aug. 21.
Commenting on the handover, PETRONAS Senior Vice President Upstream Malaysia, Mohd Anuar Taib said, “PETRONAS would like to thank Shell for all the work they have done at MLNG Dua and PETRONAS will continue to emulate and improve the previous operating philosophy for the MLNG Dua offshore facilities during this time that PETRONAS is entrusted to do so.”
“PETRONAS is committed to ensure that there will be no interruption to the supply and demand of gas and achieve stability in the operations of MLNG Dua,” said Anuar.
Previously, MLNG Dua was operated by Shell via a Production Sharing Contract (PSC) signed with PETRONAS in 1993. With this handover, PCSB and its subsidiary E&P Malaysian Ventures Sdn Bhd (EPMV) now own 90 percent and 10 percent equity respectively as PSC operators. The previous PSC expired Aug. 20.
PETRONAS as the national oil and gas company views the handover of MLNG Dua to PCSB as a positive addition to the company’s ongoing efforts to position the state of Sarawak as the gas hub in the region.
“PETRONAS will continue to support all long term initiatives for the betterment of the state and its community,” Anuar said.
Adding on the future of employees and vendors transferred from the previous operator, Anuar stressed that PETRONAS stands firm on maintaining the current staff and vendors as well as their original positions.
PETRONAS have approached and offered employment opportunities to all 39 staff released by Shell, of which all but two accepted the offer.
“The 39 employees released by the previous operator are the only staff that PETRONAS can legally approach for employment offer, and 37 have accepted. They will continue performing their jobs at MLNG Dua as usual,” continued Anuar, adding that the employees who did not accept PETRONAS’ employment offer made their decision based on personal reasons.
Currently, PETRONAS gas operation in Sarawak covers the whole range from well, platform and pipeline as well as terminal operations.
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