Page 347 - The Guide To Sarawak

THE GUIDE TO SARAWAK 345
aims to be the number one oil and gas hub by 2017, taking advantage of its strategic location and strong economic fundamentals. Energy policy for the upstream sector is determined by the Economic Planning Unit (EPU) and
the Implementation and Coordination Unit (ICU), both of which report directly to the Prime Minister. The Government focuses on enhancing output from existing oil and gas fields and new marginal fields
as well as exploration and development opportunities in deep-water areas. Accordingly, new tax and investment incentives under the Petroleum Income Tax Act (PITA) were introduced in 2010 to promote exploration activities.
PETRONAS and its role in Malaysia’s oil and gas industry
Petroliam Nasional
Bhd (PETRONAS)
was formed in 1974 to safeguard the country’s
oil and gas resources.
It is responsible for all petroleum resources in the country, developing them according to commercial requirements while taking into consideration socio- economic needs.
Today PETRONAS is ranked #60 in the 2012 Global Fortune 500 Companies, which reflects its own capabilities and is also a testament to its role in transferring the knowledge,
The Bintulu Supply Base land reclamation and drainage works have been completed (left foreground) and the project, conveniently located adjacent to Bintulu Port’s 2nd Inner Harbour, is currently under construction.
intricacies and capabilities of the oil and gas industry to Malaysian companies.
There is also a large pool of other well-established oil and gas players in Malaysia, comprising international oil companies, independents, service and manufacturing companies, who provide
the manpower, capabilities, technologies and of course investments to support the continuing growth of the industry in Malaysia and the region.
Kris Sakti Petroleum
Sdn Bhd
Part of the Kris Sakti
Group, Kris Sakti Petroleum provides logistics and supply chain management for upstream and downstream activities. It is currently building and will operate
a designated oil and gas supply base at Bintulu, Sarawak. The US$1.2 billion project is targeted to be online by January 2017 and fully completed by 2019 to provide total logistic solutions for oil
& gas development and exploration in Sarawak waters.
This world class, integrated single-source supply
base and fabrication yard (onshore & offshore) is vital to meet current demand and ensure the future of the oil & gas sector in Sarawak. It will offer storage, warehousing, bunkering, supplies, maintenance workshops, crew change support, manpower supply, crane services, catering, minor fabrication, emergency medical services and marine ship to shore operation. Bintulu Supply Base’s excellent 14-metre draught and 2,300 metre total berthing is more than sufficient for all conceivable support vessels. It will cater for all oil & gas exploration, production, operation and de-commissioning support in Sarawak waters and
will be operated on a fully Managed Services Business Model, offering total and personalized services to all clients.