Petronas Carigali Sdn Bhd and Petronas Gas Bhd have applied for a judicial review at the Kuching High Court to dispute RM120 million in penalties recently levied by the Sarawak government. The companies state that two notices—each seeking RM60 million—were served in December 2023 under clauses of their Production Sharing Contracts (PSC) following the State’s accusation of delays in submitting development plans for the Baram Cluster fields.

In legal submissions by their counsel, both Petronas entities assert the penalty notices are unlawful, claiming they breach the procedural protocols stipulated by the PSC and state legislation. Among other remedies, they ask the court to overturn the notices and affirm that they continue to be in compliance with their contract terms.

Petronas Carigali and Petronas Gas also claim they have engaged repeatedly with Sarawak’s Ministry of Technology and Innovation and other relevant bodies regarding the development plan, but were denied proper notice or an opportunity to present their case before the fines were imposed.

A case-management hearing is set for later this month, during which the court will establish the schedule for the main application.


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Note: This article was auto-fetched from trusted news outlets. Information is provided for general reference. Please verify project details, prices, and investment decisions with licensed agents or official developers.

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