PETROS SIGNS THREE STRATEGIC ENERGY AGREEMENTS WITH INTERNATIONAL INDUSTRY PLAYERS

Date: 11 November 2025

Partnerships to advance oil and gas exploration and CCUS initiatives in Sarawak, Malaysia

11 November 2025, Kuching - Petroleum Sarawak Berhad (PETROS) today signed two strategic energy agreements and a storage study agreement with international industry players to unlock Sarawak’s onshore exploration potentials through targeted programmes, and to progress Carbon Capture, Utilisation and Storage (CCUS) projects in Central Luconia, Sarawak.

The agreements, witnessed by PETROS Chairman, Tan Sri Datuk Amar (Dr) Hamid Bugo, were signed with Japan Organization for Metals and Energy Security (JOGMEC), SC Tubular Solutions Malaysia Sdn Bhd (SCTSM), Superconducting Sensor Technology Corporation (SUSTEC) and Woodside Energy – demonstrating Sarawak’s ongoing commitment to energy growth through strategic partnerships.

In his speech, Tan Sri Datuk Amar (Dr) Hamid Bugo said, “Today marks another milestone for PETROS in driving Sarawak’s energy future. Through these collaborations, we are strengthening partnerships and embracing innovation to unlock new opportunities in exploration and low-carbon development. Together with our global partners, we are shaping a reliable, equitable and inclusive energy ecosystem that supports Sarawak’s long-term growth and prosperity.”

Joint Study Agreement (JSA) with JOGMEC

PETROS will collaborate on its first onshore exploration project with JOGMEC in the Mukah-Balingian region. The partnership will enable both parties to gain deeper knowledge into Sarawak’s subsurface, supporting responsible and long-term onshore oil and gas development. Importantly, this collaboration will develop local capabilities and empower Sarawak’s homegrown talent to take the lead in innovation and responsible exploration.

Proof-of-Concept Study with SC Tubular Solutions Malaysia and SUSTEC

In parallel, PETROS, together with SC Tubular Solutions Malaysia and SUSTEC will begin a Proof-of-Concept Study using SUSTEC’s advanced Superconducting Quantum Interference Device – Transient Electromagnetic Method technology, or SQUID-TEM to detect oil and gas signals at the Adong Kechil West field near Miri. This marks the first deployment of this technology in Sarawak, reflecting PETROS’ commitment to embracing innovation and technology that can enhance exploration accuracy, reduce uncertainty, and unlock greater potential from Sarawak’s resources.

Storage Study Agreement (SSA) with Woodside Energy

For CCUS, PETROS also signed a Storage Study Agreement (SSA) with Woodside Energy, a global energy company with extensive experience in oil and gas, as well as experience in new energy products and low- carbon services. The agreement, established under the Sarawak Bid Round 2024, covers Site 3A in Central Luconia, offshore Sarawak, and will see Woodside assess the technical and commercial feasibility of safely storing carbon offshore in the ground. This collaboration supports PETROS’ vision to position Sarawak as a regional hub for CCUS and advance a low-carbon industrial transition.

PETROS was represented by Vice President for Subsurface and Development, Jeremy Wong for the agreement with JOGMEC/SUSTEC, and Senior Vice President for Sarawak Resource Management, Dato Abang Arabi Abang Narudin for the agreement with Woodside. Representing JOGMEC was Executive Vice President of Energy Business Unit, Mori Hiroyuki; while SUSTEC was represented by President and Co-Chief Executive Officer, Tsunehiro Hato; SC Tubular Solutions Malaysia Sdn Bhd by President, Yosuke Yamashita; and Woodside by General Manager, Carbon Capture and Storage, Andrew Nicholls.

Collectively, these three strategic partnerships will strengthen Sarawak’s energy capabilities, accelerate innovation in exploration and low-carbon technologies, create new opportunities for local talent and businesses, and support the State’s vision to become a regional hub for efficient energy development.

Signing Ceremony between PETROS and JOGMEC.

(Back row from left to right) PETROS Non-independent, Non-executive Director, Datu Ir. Haji Zuraimi bin Haji Sabki, PETROS Chairman, Tan Sri Datuk Amar (Dr) Hamid Bugo and PETROS Group CEO, Dato Janin Girie.
(Front row from left to right) PETROS Vice President for Subsurface and Development, Jeremy Wong, PETROS Senior Vice President for Sarawak Resource Management, Dato Abang Arabi Abang Narudin, Director JOGMEC, Muramoto Masashi, JOGMEC Executive Vice President of Energy Business Unit, Mori Hiroyuki.
 

Document exchange on Heads of Agreement, presented by President of SC Tubular Solutions Malaysia Sdn Bhd, Yosuke Yamashita (second left), President, Co-CEO of Superconducting Sensor Technology Corporation, Tsunehiro Hato (third left), and representing PETROS was Vice President for Subsurface and Development, Jeremy Wong.

(Left to right) For the document exchange of the Storage Study Agreement, representing Woodside Energy was CCS Subsurface Manager, Robert Nesbit, CCS General Manager, Andrew Nicholls and Asia Pacific CCS Strategy and Business Development Manager, Keith Adamson. PETROS was represented by Senior Vice President for Sarawak Resource Management, Dato Abang Arabi Abang Narudin.

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