Hornbill Unleashed

August 20, 2016

See Chee How : Was state govt consulted in award of contract?

Filed under: Politics — Hornbill Unleashed @ 9:03 PM

See Chee HowSarawak state government and Petronas must explain the SK410B Production Sharing Contract (PSC) awarded to a joint venture comprising Thailand’s PTTEP HK Offshore Ltd (PTTEP), Kuwait’s KUFPEC Malaysia (SK-410B) Ltd. (KUFPEC) and the Malaysian national oil company’s upstream arm Petronas Carigali Sdn Bhd, says Batu Lintang assemblyman See Chee How.

According to Bangkok Post dated July 21, PTTEP has won the rights for exploration of an offshore petroleum resource block in Sarawak whereby

PTTEP holds 42.5 per cent, KUFPEC and Petronas Carigali holds 42.5 per cent and 15 per cent respectively.

The parties concerned signed the PSC with Petronas for the exploration of the Block SK410B located in shallow water in offshore Sarawak on July 21.

See, who is also Sarawak PKR vice-chairman, doubted if the state government  was consulted on this PSC to operate a block of 695 sq miles or 1,800 sq kilometres offshore Sarawak as it was not reported locally. It was, however, widely reported outside Malaysia.

“Barely a month before it was awarded, the Chief Minister and Sarawak state assembly had made clear our determination to control and develop the natural resources found within the territorial boundary of Sarawak and that the state government must be involved in the award of all PSCs for the exploration, development and production of oil and gas and related petroleum products in Sarawak, whether onshore or offshore of Sarawak.

“However, it appears that Sarawak has no share of equity and direct participation in this joint venture that was announced. In this SK410B PSC, PTTEP and KUFPEC each has a participating interest of 42.5 per cent, while Petronas Carigali holds the remaining 15 per cent stake,” said See.

See strongly questioned whether Petronas made the decision behind the back of the Sarawak state government.

“Clearly, Petronas has not been fair and transparent with Sarawak regarding its operation in the state,” See said: “In the follow-up discussion with Petronas today, the state delegation led by our DCM must demand an explanation from Petronas on the award of this particular PSC.

“This is one necessary step by the state government to show our determination to demand for the rights and interests of Sarawak, in the development of our natural resources as a corporate partner,” added See.


Phyllis Wong, reporters@theborneopost.com


 

2 Comments »

  1. Countdown

    Black Occupation Day – 16 Sept

    1962 LEGAL ADVISE TO THE COLONIAL OFFICE SAID “MALAYSIA ARRANGEMENTS MADE SARAWAK & SABAH LOOK LIKE “DEPENDENCIES OF THE FEDERATION”

    Dependency Theory developed in the late 1950s under the guidance of the Director of the United Nations Economic Commission for Latin America, Raul Prebisch. Prebisch and his colleagues were troubled by the fact that economic growth in the advanced industrialized countries did not necessarily lead to growth in the poorer countries.

    Indeed, their studies suggested that economic activity in the richer countries often led to serious economic problems in the poorer countries. Such a possibility was not predicted by neoclassical theory, which had assumed that economic growth was beneficial to all (Pareto optimal) even if the benefits were not always equally shared.

    MIXTURES OF COLONIALISM AFFECTING SABAH & SARAWAK BY FORMATION OF “MALAYSIA”

    Definition:

    Types of colonialism

    https://en.wikipedia.org/wiki/Colonialism

    Historians often distinguish between two overlapping forms of colonialism:

    Settler colonialism involves large-scale immigration, often motivated by religious, political, or economic reasons.

    Exploitation colonialism involves fewer colonists and focuses on access to resources for export, typically to the metropole. This category includes trading posts as well as larger colonies where colonists would constitute much of the political and economic administration, but would rely on indigenous resources for labour and material. Prior to the end of the slave trade and widespread abolition, when indigenous labour was unavailable, slaves were often imported to the Americas, first by the Portuguese Empire, and later by the Spanish, Dutch, French and British.

    Plantation colonies would be considered exploitation colonialism; but colonizing powers would utilize either type for different territories depending on various social and economic factors as well as climate and geographic conditions.

    Surrogate colonialism involves a settlement project supported by colonial power, in which most of the settlers do not come from the mainstream of the ruling power.

    Internal colonialism is a notion of uneven structural power between areas of a nation state. The source of exploitation comes from within the state.

    https://en.wikipedia.org/wiki/Colonialism

    Comment by anon — August 22, 2016 @ 10:00 AM | Reply

  2. What does Swak benefits here?

    Comment by Pet — August 21, 2016 @ 1:23 AM | Reply


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