Sarawak issues leases on two oil fields to Petros

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Miri is the site of Sarawak’s first oil well, the Grand Old Lady. New leases for oil drilling in Miri were announced by the state government today.KUCHING: The Sarawak government has issued mining leases to its oil and gas (O&G) company, Petroleum Sarawak Bhd (Petros), to carry out mining of O&G in two fields, in Miri and Marudi.It marked the beginning of efforts to exercise the state’s constitutional rights to regulate onshore oil mining.Chief Minister Abang Johari Openg who made the announcement tonight said the leases were for the Adong Kecil West field in Miri district and the Engkabang block in Marudi district.“The state government, through Petros, will have control of, and legal titles to, all the oil and natural gas produced from the onshore areas, and to select and appoint contractors or enter into ventures with investors to explore and produce oil and gas from…