Sabah seeks strategic international partnerships to drive O&G growth

KOTA KINABALU (Jan 22): Sabah is welcoming reputable international investors who can bring added value to the development of the state’s energy, oil, and gas industries.

Chief Minister Datuk Seri Panglima Hajiji Noor said the state government is committed to providing a stable, conducive, and competitive investment environment to attract high-quality investments, particularly in the energy and oil sectors.

“Strategic cooperation between international oil companies and key industry players must provide long-term benefits to the state and the people of Sabah,” he said during a courtesy call by ConocoPhillips chairman and chief executive officer Ryan Lance at the chief minister’s office in Menara Kinabalu.

Meanwhile, Lance highlighted that ConocoPhillips, one of the leading US oil companies and the world’s largest independent oil and gas exploration and production player, is focusing its investments in Sabah while strengthening its long-term commitment to Malaysia.

“We are proud to work together to develop the oil and gas industry in Sabah and are confident that this industry offers a very bright future for the state’s growth,” Lance said.

ConocoPhillips Sabah Gas is now the sole operator of the Kebabangan Cluster Production Sharing Contract (KBBC PSC), following the transfer of operations from Petronas on Jan 21 last year.