KOTA KINABALU: Sabah welcomes 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 Haji Hajiji Haji Noor said that 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
the courtesy call by ConocoPhillips Chairman and Chief Executive Officer (CEO),
Ryan Lance at his office in Menara Kinabalu, on Thursday.
Meanwhile, Ryan Lance shared that ConocoPhillips is among the leading oil companies
from the United States and the world’s largest independent player in oil and gas
exploration and production, with operations across various strategic global regions.
He said that ConocoPhillips is focusing its investment in Sabah while simultaneously
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,” said Lance,
who was making his first visit to Sabah.
ConocoPhillips Sabah Gas is now the sole operator of the Kebabangan (KBBC)
Production Sharing Contract (PSC) Cluster in Sabah, following the transfer of operations
from Petronas on January 21, 2025.-pr/BNN
