Petros, Sarawak’s fully state-owned oil and gas company, has achieved its inaugural crude flow from an onshore well near Marudi, marking the state’s return to onshore oil extraction after fifty years. The discovery emerged from the M3 appraisal well in the Limbang Division, where early evaluations confirmed a consistent hydrocarbon flow.

Chief Minister Datuk Patinggi Tan Sri Abang Johari Tun Openg lauded the achievement as a pivotal moment in Sarawak’s drive to develop its petroleum assets independently of Malaysia’s national oil corporation, Petronas. He emphasized that resuming onshore operations not only diversifies the state’s energy mix but also underscores Sarawak’s dedication to maximizing its own reserves.

Located about 50 kilometres north of the Baram Delta, the site had been earmarked for exploration since Petros secured its production-sharing contract last year. Company officials reported that the M3 well yielded several hundred barrels per day during initial testing, and plans are underway to install a permanent facility capable of handling greater volumes.

This milestone follows years of preparatory work—including seismic surveys, environmental impact assessments, and community consultations—to ensure responsible development. Petros stated it will continue evaluating the reservoir’s size and quality over the coming months, with full commercial production slated to begin in early 2024.

Local communities stand to gain from new job opportunities, infrastructure enhancements, and revenue-sharing schemes, while Sarawak’s government expects onshore oil revenues to bolster state coffers and support broader economic diversification. The last notable onshore output in Sarawak occurred in the early 1970s, making this the state’s first significant yield in roughly five decades.

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Note: This article was auto-fetched from trusted news sources. Information is for general reference only. Always verify project details, pricing, and investment decisions with licensed agents or official developers.