Petros Plans New Wells in Sarawak, Boosting Miri's Oil and Gas Production
What happened
Petros plans to develop a new well in the Adong Kechil West field near Marudi by the middle of next year. This well is intended to supply gas to the Combined Cycle Gas Turbine power station in Lutong, Miri. Current onshore oil production at Adong Kechil West stands at 800 barrels per day, which generates RM96 million per year for Sarawak.
From thestar.com.my
Why it matters
The revival of onshore oil and gas extraction in Sarawak marks a return of commercial production to the Miri area. This activity increases state revenue and strengthens the energy sector of Malaysia.
From thestar.com.my
Who's involved
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- SarawakSpeculative
Sarawak could increase state revenue from oil and gas extraction.
- MalaysiaSpeculative
Malaysia could benefit from increased state revenue and foreign investment in Sarawak.
- Sarawak EnergySpeculative
Sarawak Energy might see increased operational capacity and revenue due to new gas supply.
Possible ripples
Who this could reach next, traced step by step from the reporting. Possibilities worth considering, not forecasts.- New oil and gas wells could boost Miri's economic activityMiri's oil and gas hub status could see increased economic activity.Likely
- New gas wells may boost fuel supply for Lutong's power stationNew gas wells could secure and increase the fuel supply for Lutong's CCGT power stationLikely
- New gas supply from Petros wells may boost Sarawak Energy's capacitySarawak Energy could see increased operational capacity and revenue from new gas supply.Likely
- New foreign investment may boost Gabungan Parti Sarawak's economic powerSuccessful resource development could strengthen the political standing of Gabungan Parti Sarawak.Possible
- How could increased investment and oil production in Sarawak affect the federal government?Sarawak's new investments and oil wells may boost Malaysia's national fiscal healthPossible
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The entities involved
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