O&G firm to invest RM3.28 bln in Sabah


Dateline 2013-09-05, Borneo Post

Toh Puan Norlidah RM Jasni (centre), Ron Aston (seventh left), Talisman Mount Kinabalu expedition team, invited guests and representatives from five NGOs during the Hari Raya Aidilfitri open house in Kota Kinabalu, yesterday.

KOTA KINABALU: Canada-based oil and gas company, Talisman Malaysia, is in Sabah to stay.

Seeing the vast potential here, its senior vice-president and country manager Ron Aston said they also realised that the Sabah blocks as an exciting new growth area.

“We have committed an investment plan of USD1 billion (about RM3.28 billion) towards the various operational activities in the state’s operations, both near and long terms.

“In Malaysia, we have been operating successfully for over 15 years with much growth to come. Our presence into Sabah began in 2009 when we were awarded offshore blocks SB309 and SB310 by Petronas with a 70 per cent interest.

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