Latest news with #SabahOil
Daily Express
16-07-2025
- Business
- Daily Express
Sabah East Coast oil and gas opportunity
Published on: Wednesday, July 16, 2025 Published on: Wed, Jul 16, 2025 By: David Thien Text Size: Sabah East Coast prime oil and gas exploration block – named SB505. Kota Kinabalu: Petroleum exploration on Sabah's East Coast is gaining momentum as Petronas seeks bids from potential Production Sharing Contractors to share the opportunity and the risks. According to Petronas at the recent Sabah Oil, Gas & Energy Conference & Exhibition 2025, there is another Sabah East Coast prime oil and gas exploration block – named SB505 which is open for bidding under its Malaysia Bid Round (MBR) 2025, as part of its Sabah opportunities. Advertisement This SB505 block of 2,750sq km is near to the Mutiara Cluster which was awarded to the Dialog Group Berhad. The water depth of this block varies from 5 metres to 200 metres. The fiscal term is Shallow Water EPT. The EPT will replace the 1997 Standard Revenue Over Cost (R/C) PSC Terms for future shallow water exploration contracts. Subscribe or LOG IN to access this article. Support Independant Journalism Subscribe to Daily Express Malaysia Access to DE E-Paper Access to DE E-Paper Exclusive News Exclusive News Invites to special events Invites to special events Giveaways & Rewards 1-Year Most Popular (Income Tax Deductible) Explore Plans Stay up-to-date by following Daily Express's Telegram channel. Daily Express Malaysia
Daily Express
14-07-2025
- Business
- Daily Express
Students, grads get oil and gas insight
Published on: Monday, July 14, 2025 Published on: Mon, Jul 14, 2025 Text Size: Anwarudin (third right) posing with SOGCE Organiser Dolly Jimayol (centre) and other. Kota Kinabalu: Students and recent graduates from Sabah gained invaluable exposure to the energy sector through interactive workshops and mentoring sessions during the recent Sabah Oil, Gas and Energy Conference and Exhibition (SOGCE). The two-day programme equipped participants with practical knowledge of oil and gas exploration, production concepts and emerging career opportunities in the industry. Students from City University and SMK St Francis Convent (M) experienced real-world petroleum science through hands-on experiments that brought complex energy concepts to life. The sessions inspired curiosity and critical thinking while exposing students to practical energy applications they had never encountered before. Students and recent graduates benefited from direct mentoring by senior industry professionals, gaining insights into emerging opportunities, professional grooming and career development pathways. The programme also provided crucial upskilling opportunities to help participants stay ahead of industry trends and market demands. The initiative was organised by the Society of Petroleum Engineers (SPE) Kuala Lumpur Section in collaboration with the SPE Sabah Section, reflecting their commitment to nurturing Sabah's future energy leaders. The partnership reinforced SOGCE's inclusivity goals and aligned with its theme Fostering Collaboration, Paving Sustainable Opportunities. Two specialised programs delivered these benefits, namely the Energy4Me STEM Bootcamp, which provided hands-on energy education to school children and the Energy Career Aspiration Networking Series (ECANS), which offered mentoring for university students and young professionals. SPEKL Chairman Anwarudin Saidu Mohamed said the society has been developing industry-ready talent since 1980. With some 2,000 members across the upstream value chain, SPEKL conducts around 50 programs annually targeting diverse communities. 'SPEKL has dedicated significant resources to community outreach and empowerment, particularly in education and energy-related community projects,' Anwarudin said. The Energy4Me programme was led by Energy Education Chairpersons Eur Ing, Harvin Kaur and Badrul, with essential support from volunteers from the SPE Universiti Malaysia Sabah (UMS) Student Chapter, who guided students through each activity. ECANS was coordinated by Syafiq Jalis, Sulaiman, Niqmatullah, Ikhwan Sunoto and Hazwan Hairollah, connecting young Sabahans with experienced industry mentors. Both programs received sponsorship from Midas Events Management, showing private sector commitment to developing Sabah's energy workforce and ensuring sustainable growth in the region's vital energy industry.
Daily Express
10-07-2025
- Business
- Daily Express
4 million employed in oil and gas sector
Published on: Thursday, July 10, 2025 Published on: Thu, Jul 10, 2025 By: Sherell Jeffrey Text Size: Kota Kinabalu: The importance of oil and gas to Malaysia's economy cannot be overstated. The sector employs four million people nationally, with 160,000 specifically in oil and gas operations. Most significantly, 40 per cent of government income comes from oil and gas activities. 'With 160,000 people, with a notable contribution of GDP, we are 20 times multiplier than national average,' said Anwarudin Saidu Mohamed, Reservoir Link Energy Berhad Chief Technology Officer. 'That simply means 40 per cent of cost required to build schools, hospitals and infrastructure is all coming from oil and gas,' he said during a panel discussion at the recent Sabah Oil, Gas and Energy Conference and Exhibition 2025 (SOGCE) Executive Plenary Session. Shell's presence in Sabah exemplifies the long-term commitment that builds sustainable energy sectors. 'Shell has been in this country for over 130 years. Starting to mobilise the oil and gas industry first in Miri, Sarawak and then also in developing the nation through the years in collaboration with Petronas,' said Shell Malaysia Upstream Sabah Deepwater General Manager Wong Kim Mun. The company's experience reflects three key realities namely growing global energy demand, the gradual pace of energy system changes and the continued importance of oil and gas well into the 2050s and beyond. Modern oil and gas development in Sabah emphasises environmental responsibility alongside economic growth. Companies are implementing strict environmental standards and carbon reduction technologies. 'If there is a lot of flaring, then the carbon footprint will be very high,' Yinson Energy CEO Datuk Mohamed Sabri Mohamed Zain said. 'Anything for us more than 11 tons per Barrel of Oil Equivalent (BOE), we do not touch. Because it will cause a big problem for our borrowing,' he said. Smaller companies are also leading environmental initiatives. Hibiscus Petroleum is pioneering carbon capture and storage technology in Malaysia, planning to become one of the first companies to inject CO2 back into the ground by 2028. Sabah's strategic location positions it perfectly for regional expansion into Southeast Asia's growing energy markets. 'As a Malaysian company, you should be focusing on Southeast Asia, you got lots of activity in Indonesia, Vietnam is picking up again, Thailand's got plenty,' said the company's Country Manager Dr Pascal Hos, pointing out the regional opportunities. 'If you can develop something like that, then as a regional company, I would say you probably get more priority than a big international company,' he said. Panel speakers also pointed out the importance of attracting high-quality investors rather than those seeking only cheap labour and energy. 'The mistake that we do sometimes is that some investors, they come to Malaysia. They want cheap labour. They want cheap energy. So you have to get investor, a high-quality investor. Bring the right industry who can pay the Malaysians well,' said Senior Vice President of Malaysia Assets and Petronas Carigali Sdn Bhd CEO Hazli Sham Kassim. Ian Lim, ConocoPhillips Malaysia General Manager, noted that ConocoPhillips Malaysia identifies the Kebabangan (KBB) area as potentially becoming the heart of the State's gas and energy infrastructure to support all these growth and revisions. In the oil and gas industry, KBB typically refers to the Kebabangan oil and gas field located offshore Sabah. 'These are 15, 20 year horizons. So, stability, fiscals and the supporting environment is needed,' Ian said, pointing out that the company believes future energy development requires long-term thinking and stability. Looking ahead, Sabah's potential extends beyond traditional oil and gas operations. The State is positioned to play an important role in Malaysia's environmental goals, with opportunities in carbon capture, renewable energy and sustainable development. 'Sabah is not only the reservoir of hydrocarbon, it is a reservoir of opportunity,' said Anwarudin. 'With strong fundamentals as we are today and political will and growing infrastructure, Sabah is positioned to bridge the legacy of hydrocarbon with the promise of new energies, empower local content and community-driven development, serve as a regional launchpad for Malaysia's net zero aspiration too,' he said. As Malaysia implements its national energy transition roadmap toward 2050, gas is expected to play an increasingly important role. Sabah's position as a major gas producer and its potential for renewable energy development make it central to these plans. 'The future does not belong to the fastest and the strongest, but it belongs to those who choose to grow together, responsibly, equitably and boldly,' Mohamed Sabri said. 'The question is no longer why Sabah. It is what more can we do with Sabah and Sabahan and to shape Malaysia energy destiny,' Anwarudin added. * 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
08-07-2025
- 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
06-07-2025
- Business
- Daily Express
SOGCE Networking Golf tournnament end on a high note
Published on: Sunday, July 06, 2025 Published on: Sun, Jul 06, 2025 Text Size: MOGSC President Ts. Syed Saggaf Syed Ahmad (2nd left) with the recipients. On the right is Deputy Speaker of Sabah Legislative Assembly Brig. Gen Datuk Haji Al Hambra Tun Juhar and SOGC organiser Dolly Jimayol (4th right). Kota Kinabalu: The Sabah Oil, Gas & Energy Conference & Exhibition (SOGCE) 2025 wrapped up on a high note with its signature Networking Golf Tournament, held on Saturday, 5 July 2025, at the scenic Sutera Harbour Golf & Country Club. The event welcomed over 105 golfers across 26 flights, uniting key stakeholders from Malaysia's oil, gas, and energy sectors — including prominent government officials, industry leaders, and corporate representatives. Advertisement The tournament was officially opened with remarks by Ts. Syed Saggaf Syed Ahmad, President of the Malaysian Oil, Gas & Energy Services Council (MOGSC). In his address, he applauded the growing strength of Sabah's energy ecosystem and praised the organiser, Dolly Jimayol, Organising Chairperson and her team at Midas Events Management for the remarkable success of SOGCE 2025, calling it a vital platform for regional collaboration and strategic dialogue. Ts. Syed Saggaf also reaffirmed MOGSC's commitment to fostering strong partnerships in Sabah, emphasising the importance of synergy in building a resilient and future-ready energy industry. He pledged MOGSC's ongoing support for local associations and urged all industry players to unite in shaping a more sustainable and inclusive energy future. Adding to the event's prestige was the presence of Y.B. Brig Gen Datuk Haji Al Hambra Tun Juhar, Deputy Speaker, Sabah State Legislative Assembly, whose attendance underscored the significance of high-level engagement and regional inclusivity within Malaysia's national energy agenda. Beyond networking, the tournament also championed a strong corporate social responsibility (CSR) component. Proceeds from the event were donated to eight charitable organisations across Sabah, including: Home Tuaran, Pusat Orang-Orang Buta Tuaran, Pertubuhan Pemulihan Dalam Komuniti ( PPDK Tuaran), Rumah Putera Harapan (RPH), Ranau, Rumah Anak Yatim & Asnaf, Kg. Silad, Ranau, Don Bosco Bundu Tuhan, Rumah Anak Yatim Islam Baitul Amin, Pitas, Sabah Cheshire Home This impactful initiative was made possible thanks to the generous support of sponsors such as MOGAS Sdn Bhd, Mumtaz Energy Sdn Bhd, and BMW Regas Premium Sabah, along with all participating companies whose contributions ensured the event's success and social impact. The 2025 SOGCE Networking Golf event delivered a powerful message - collaboration, community, and continuity are the cornerstones of progress for Sabah's energy sector and beyond. MOGSC extends its deepest appreciation to all participants, sponsors, and partners, and looks forward to continuing this tradition of industry engagement and community support in future editions. * 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
