Improving Sabah’s edge in O&G


Dateline 2015-12-08, Daily Express:

The State Government will continue to further enhance Sabah’s position in the oil and gas industry despite the current economic challenges and decline in the global oil prices.

Sabah’s oil and gas sector is progressively growing and moving towards becoming the region’s important exploration and production centre.

“We, the government recognise the vast potential of this industry that would help accelerate the State’s social and economic development,” said Chief Minister Datuk Seri Musa Aman in his speech delivered by Deputy Chief Minister cum Industrial Development Minister Datuk Raymond Tan during the launching of the Symposium on Unlocking Oil and Gas Potentials in Sabah at Shangri-La’s Rasa Ria Resort and Spa here, Monday.

Currently, he said Sabah produces about 220,000 barrels of oil per day which is almost 40 per cent of the total national oil production of 557,000 barrels of oil per day.

 

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