Latest news with #ConocoPhillipsMalaysia
Daily Express
5 days ago
- Business
- Daily Express
Sabah's strategic edge in oil & gas
Published on: Tuesday, July 08, 2025 Published on: Tue, Jul 08, 2025 By: Sherell Jeffrey Text Size: From left: Ian, Mohamed Sabri and Anwarudin. Kota Kinabalu: Panel speakers pointed out several key advantages that position Sabah as an ideal energy hub, namely its rich natural resources, strategic location, established infrastructure and geographic advantages. Sabah produces notable quantities of oil and gas, with substantial proven reserves still to be developed. The State currently supplies 80 per cent of its electricity from gas. 'Proximity to high-growth Asian markets makes Sabah an ideal location for energy exports. The interesting thing with gas, unlike oil, is that the price of gas is very determined by proximity to the market,' said ConocoPhillips Malaysia General Manager Ian Lim. 'The price of gas in the Henrika in the US is multiple times lower than the price of gas in Tokyo,' he said at the recent Sabah Oil, Gas and Energy Conference and Exhibition 2025 (SOGCE) Executive Plenary Session. The speakers also noted that decades of oil and gas development have created a robust infrastructure network that can support expanded operations. 'Sabah's extensive biodiversity and forestry serve as natural carbon sinks, making it valuable for carbon offset programs and environmental initiatives,' they said. The employment prospects for Sabahans in the energy sector are especially promising, with thousands of job opportunities across sectors. 'Mainly the operation and maintenance part of the operations is key,' said Mohamed Sabri, referring to recent agreements signed at the conference. 'If tomorrow there is another Floating Production Storage and Offloading (FPSO) out here with a discovery, then there will be a lot of operation and maintenance. Easily 100 people, of course not thousands, but of course the business will grow,' he said. 'Oil and gas definitely, you saw all in the slides, 20 times multiplier. RM2 million per worker. That is the number of oil and gas. National average is only 100,000,' said Reservoir Link Energy Berhad Chief Technology Officer Anwarudin Saidu Mohamed who moderated the session, pointing out the notable multiplier effect on economic impact. * Follow us on our official WhatsApp channel and Telegram for breaking news alerts and key updates! * Do you have access to the Daily Express e-paper and online exclusive news? Check out subscription plans available. Stay up-to-date by following Daily Express's Telegram channel. Daily Express Malaysia
Daily Express
20-05-2025
- Business
- Daily Express
Courtesy call on Chief Minister
Published on: Tuesday, May 20, 2025 Published on: Tue, May 20, 2025 Text Size: Hajiji presenting a memento to Dunn. Kota Kinabalu: New ConocoPhillips Malaysia President Connor Dunn paid a courtesy call on Chief Minister Datuk Seri Hajiji Noor at Menara Kinabalu here Monday. Dunn, who replaced Lisa Bruner, introduced himself and briefed the Chief Minister on the multinational company's oil and gas development plan in the country. Advertisement In January this year, ConocoPhillips through its subsidiary ConocoPhillips Sabah Gas Ltd took over operations of the Kebabangan Cluster Production Sharing Contract (KBBC PSC) in Sabah waters. Dunn was accompanied by Senior General Manager, KBB Asset Ian Ramshaw, General Manager, Growth Ian Lim and General Manager, KBB Operations Krish Krishnan. * Follow us on Instagram and join our Telegram and/or WhatsApp channel(s) for the latest news you don't want to miss. * Do you have access to the Daily Express e-paper and online exclusive news? Check out subscription plans available. Stay up-to-date by following Daily Express's Telegram channel. Daily Express Malaysia
