KOTA KINABALU: Sabah wants to see more reputable international investors who can bring added value to the development of the state's energy, oil and gas (O&G) sectors, says Chief Minister Datuk Seri Hajiji Noor.
He said that the state government is committed to providing a stable, conducive and competitive environment to attract high-quality investments, particularly in the above sectors.
"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 the Chief Minister's Office in Menara Kinabalu here on Thursday (Jan 22).
Meanwhile, Lance said that ConocoPhillips, a leading US oil company and the world's largest independent player in O&G exploration and production, has operations across various strategic global regions.
He said that the company is focusing its investment in Sabah while simultaneously strengthening its long-term commitment to Malaysia.
"We are proud to work together to develop the oil and gas industry in Sabah and are confident that this industry offers a very bright future for the state's growth," said Lance, who was making his first visit to Sabah.
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 last year.
