Sabah targets 100% boost in OGSE contracts for local firms in 2024
Hajiji emphasised the state's commitment to local participation, targeting full employment of Sabahans in non-technical roles and at least 80% in technical positions within the OGSE sector. 'This reflects our dedication to building a resilient energy ecosystem using local talent,' he said.
The Chief Minister highlighted significant growth in contract values, from RM341 million in 2021 to over RM2 billion by the end of 2023. Sabah contributes nearly 40% of Malaysia's oil production and 20% of its gas output, reinforcing its pivotal role in the national energy sector.
To strengthen Sabah's position as an OGSE hub, the state government, through SMJ Energy Sdn Bhd, has acquired stakes in key projects like the Samarang PSC and Sabah Ammonia Urea plant. Sabah Energy Corporation also expanded its role as Malaysia's largest domestic gas supplier after acquiring Petronas' onshore gas contracts.
Hajiji acknowledged Petronas and industry partners for their support, citing the 2021 Commercial Collaboration Agreement as a key driver of progress. The state has also formed the Sabah Local Content Council and a Joint Task Force for Mandatory Sharing to ensure local firms remain competitive.
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The Star
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Malaysia succeeds in attracting RM8.13bil potential investments from Italy
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Free Malaysia Today
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RM8.13bil in potential investments from Italy trip, says Anwar
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The Sun
5 hours ago
- The Sun
Malaysia succeeds in attracting RM8.13b potential investments from Italy
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