Deal to boost Sipitang’s O and G role
Published on: Tuesday, February 13, 2024
By: Hayati Dzulkifli
Masidi (fourth right) together with Abdul Rahman (third right), Dr Roland (second left), Alfian (third left), Thomas (second right) and others witnessing the signing of the MoU between SOGDC represented by Harun (seated right) and FVSB by Stephen (seated left) in the event.
Kota Kinabalu: A Memorandum of Understanding (MoU) was signed between Sabah Oil & Gas Development Corporation Sdn Bhd (SOGDC) and Sabah-based FPSO Ventures Sdn Bhd (FVSB) to undertake O&M operation and maintenance, services for Liquefied Natural Gas (LNG) floaters in the SOGIP area inSipitang.
SOGDC is wholly owned by the State Government to spearhead and manage the development of SOGIP (Sipitang Oil and Gas Industry Park) covering 4,065 acres and the first oil and gas industrial park in Sabah for petrochemicals and 2,471 acres of sea areas.
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FVSB runs the O&M services for offshore floating systems around South East Asia region.
State Minister of Finance Datuk Seri Masidi Manjun together with Sogdc Chairman, Datuk Seri Abdul Rahman Bin Dahlan and FVSB Managing Director, Datuk Abdul Farish Rashid witnessed the signing represented by its Managing Director/Chief Executive Officer Datuk Harun Ismail. FVSB was represented by Chief Operating Officer, Capt Stephen Sivaneswaren.
Masidi said it marks the beginning of an exciting new chapter for Sogip.
He said the partnership is incredibly important as it will help to build and enhance the skills of Sabahans, especially in the industry.
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“This collaboration will improve the capabilities of the Sabah people in providing the specialised services of O&M.
“At the same time, it will also act as a catalyst in boosting the growth of the industrial sector and economic development in Sabah as a whole,” said Masidi, who is also SMJ Energy Sdn Bhd Chairman.
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Present were Political Secretary to the Chief Minister Datuk Dr Roland Chia, State Finance Ministry Permanent Secretary Datuk Alfian Nair, State Ministry of Industrial Development and Entrepreneurship Permanent Secretary Datuk Thomas Logijin, and senior officials.
SOGDC Chairman Datuk Seri Abdul Rahman Dahlan said the collaboration combines significant expertise and experience of both (SOGDC and FVSB).
He noted that SOGDC, as a Chief Minister incorporated company mandated with spearheading SOGIP development, is committed to creating a premier oil and gas industrial park in the Asia Pacific Region.
“This collaboration with FVSB being an experienced company will assist in creating employment opportunities in industrial sectors in Sabah.”
SOGDC Managing Director cum Chief Executive Officer, Datuk Harun Ismail said they are glad to be partnering with a FVSB which has served the industry for over 20 years.
It will add further value to SOGIP while also assist in creating employment and development opportunities in industrial sectors in Sabah.
“FVSB has its own system for operating and maintaining floating LNG. We are looking forward a forthcoming Z LNG that is being constructed now in Korea that will later berth in SOGIP.
“We hope to expand outside SOGIP to bring in more revenue and income for Sabah,” he said.
Stephen said FVSB is honoured to be partnering SOGDC in this venture and look forward to bring its two decades of experience in the O&M sector.
“We wish to complement the State aspirations in building a capable and competent workforce to meet the industry needs moving ahead,” he said.
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