KUALA LUMPUR: London-based Gibson Shipbrokers Ltd and Sabah Oil & Gas Development Corp (SOGDC) have signed an agreement to develop oil and gas (O&G) facilities.
The facilities will be developed at the Sipitang Oil and Gas Industrial Park in Sabah, and will include the construction of a jetty, onshore hydrocarbon storage terminals and a floating power plant, according to a statement from Gibson.
The inclusion of liquefied natural gas (LNG) bunkering, handling and refilling facilities is also under close consideration, it added.
A feasibility study for the proposed development is being carried out and is scheduled for completion by early July 2024. — Reuters
