ConocoPhillips Takes Over Operatorship of Malaysian Oil and Gas Cluster

Monday, January 27, 2025

ConocoPhillips Sabah Gas, a subsidiary of the global energy company ConocoPhillips, has taken over the operatorship of Kebabangan Cluster Production Sharing Contract (KBBC PSC) in Malaysia.

The transfer took effect on 21 January 2025, making ConocoPhillips Sabah Gas A the sole operator of the KBBC PSC.

Previously, the KBBC PSC was operated by Kebabangan Petroleum Operating Company (KPOC), a joint operating company comprising Petronas Carigali, Shell Energy Asia, and ConocoPhillips Sabah Gas.

With an export capacity up to 750 million standard cubic feet of gas per day (MMscfd), the continuation of the KBBC PSC until the end of 2050 and other commercial agreements have been structured to ensure future gas field developments remain economically attractive in supporting Sabah's energy security requirements.

"Sabah is rapidly emerging as a preferred destination for oil and gas investments, thanks to the strategic developments and partnerships championed by Petronas and its industry collaborators.

“These initiatives underscore the vast potential of Sabah’s resources and reinforce our commitment to driving economic growth and creating opportunities for our people. We look forward to further collaboration with PETRONAS in the best interest of Sabah,” said Datuk Seri Panglima Haji Hajiji said.

Categories: Industry News Activity Asia Oil and Gas

Related Stories

TPAO, SOCAR and BP to Ink Caspian Sea Oil and Gas Production Deal

Fugro Lands Deepwater Gas Field Job in Southeast Asia

Fire Contained at Vietnamese Oil Platform Undergoing Decommissioning (Video)

Petronas, Inpex Secure Oil and Gas Exploration Rights off Indonesia

Velesto’s Jack-Up Rig Up for Drilling Job Offshore Vietnam

Turkey Discovers New Black Sea Gas Reserve

MODEC, Sumitomo Partner Up for Delivery of Gato do Mato FPSO

EnQuest Bags Two Production Sharing Contracts off Indonesia

China's ENN, Zhenhua Oil Ink LNG Supply Deals with ADNOC

Indonesia Awards Oil and Gas Blocks to Boost Reserves

Current News

MODEC, Carbon Clean to Advance FPSO-Mounted Carbon Capture Tech

Aker Solutions, PTAS JV Hooks Brownfield Services Extension off Brunei

CDWE Wraps Up Pin Pile Installation Job for Taiwanese Offshore Wind Farm

BP Expands Oil and Gas Scope in Azerbaijan with New Projects and Exploration Rights

Azeri SOCAR Plans New Agreements with Oil and Gas Majors

TPAO, SOCAR and BP to Ink Caspian Sea Oil and Gas Production Deal

Fugro Lands Deepwater Gas Field Job in Southeast Asia

OMV Exits Ghasha Gas Project off UAE with Lukoil Stake Sale

China's Sinopec Laucnhes $690M Hydrogen Venture Capital Funds

CIP, ACEN Partner Up for First Large-Scale Offshore Wind Farm in Philippines

Subscribe for AOG Digital E‑News

AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

https://accounts.newwavemedia.com