KUALA LUMPUR: Petroliam Nasional Bhd (Petronas) has applied to the Federal Court seeking a declaration that Petronas is the exclusive owner of the petroleum resources as well as the regulator for upstream activities throughout Malaysia, including Sarawak.
In a statement today, Petronas said it is seeking a declaration on the Petroleum Development Act 1974 (PDA) being the law applicable for the petroleum industry in Malaysia.
"Petronas believes that the determination by the Federal Court would help provide clarity on its rights and position under the PDA.
"Petronas remains committed to support Sarawak's aspiration to participate in the oil and gas industry in the State, for as long as it is within the framework of the PDA," it said.
Earlier this year, following the establishment of Petroleum Sarawak Bhd (Petros), Sarawak Chief Minister Datuk Patinggi Abang Johari Tun Openg announced Petros would kick-off exploration activities in Miri by July 2018.