Labuan ‘has potential’ to become O&G hub in the region


Dateline 2012-11-14:

Labuan has the potential to become a major oil and gas (O&G) hub with its strategic location, being adjacent to international shipping lanes and its close proximity to deepwater O&G fields offshore Sabah.

Industry players note that Labuan’s proximity to Sipitang and Kimanis in Sabah, where close to RM8 billion in value of downstream facilities are being constructed, is seen as another one of its advantages.

Industry officials also note that Labuan has two major facilities crucial to the O&G activities – the Labuan Shipyard & Engineering Sdn Bhd (LSE) and Asian Supply Base Sdn Bhd (ASB).

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This entry was posted on Saturday, December 1st, 2012 at 6:00 am and is filed under Malaysia, oil and gas. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

2 Responses to Labuan ‘has potential’ to become O&G hub in the region

  1. reign226 says:
    December 2, 2012 at 6:05 pm

    Looks like a good place, I didn’t know there’s such a mature fabrication yard there, what are they building? Osv?

    Reply
  2. reign226 says:
    December 2, 2012 at 6:06 pm

    Nice, didn’t know they have a mature fabrication yard there

    Reply

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