Labuan's O&G innovation highlighted at SOGCE 2024
Published on: Sunday, June 30, 2024
By: Bernama
LABUAN: The recently concluded Sabah Oil and Gas Conference and Exhibition (SOGCE) 2024 marked a significant milestone for the future development of the oil and gas (O&G) industry in Sabah and Labuan, according to the Chartered Institute of Logistics and Transport (Sabah Section).
Its chairman Daniel Doughty said this pivotal event brought together industry players for networking, showcased the latest innovations, and provided a forum for crucial discussions about the sector's future.
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He highlighted the event's importance in fostering business expansion and networking opportunities.
“SOGCE plays a critical role in bringing together oil and gas-related companies under one roof, promoting business growth and collaboration," he told Bernama today.
Daniel, also chairman of the Labuan Chamber of Commerce (LCC), noted this year's SOGCE featured significant participation from Labuan's thriving oil and gas sector.
Companies such as Labuan Shipyard and Engineering, Damai Shipping, Shipcare International, BSL Oilfield Services, LJ Resources and Nawie Oilfield Services were prominently showcased, supported by Labuan Corporation.
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“These companies showcased their latest innovations and services, reflecting the dynamic nature of Labuan’s industrial landscape,” he said.
Daniel expressed optimism about the increasing involvement of Labuan-based companies in the oil and gas sector, emphasising LCC's consistent participation in SOGCE alongside various local firms, demonstrating their commitment to industry growth.
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"With more Labuan industry players registering with the LCC, we anticipate even greater participation in SOGCE 2025," he said.
The SOGCE, held from June 27-29 at the Sabah International Convention Centre (SICC), marks the second consecutive year of partnership between the LCC and the event, underscoring dedication to supporting the region’s oil and gas industry.
Daniel noted Sabah's enduring interest and significant presence in Labuan's oil and gas sector since its inception.
"According to shared data, 86 per cent of Malaysia's oil and gas activities are managed through Labuan, supported by a supply base owned by the Sabah state government-linked company, Asian Supply Base.
"We look forward to continuing our contributions to the industry and strengthening regional ties," he added.
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