KOTA KINABALU: Sabah welcomes reputable international investors who can add value to the development of the state’s energy, oil and gas industries, Chief Minister Datuk Seri Hajiji Noor said.
He said the State Government remains committed to providing a stable, conducive and competitive investment environment to attract high-quality investments, particularly in the energy and oil sectors.
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“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 his office in Menara Kinabalu on Thursday.
Lance said ConocoPhillips, one of the world’s largest independent oil and gas exploration and production companies from the United States, is focusing its investment in Sabah while strengthening its long-term commitment to Malaysia, adding that he was making his first visit to the state.
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 Jan 21, 2025.
