Sabah Courts Foreign Investment in Energy Sector

22 January 2026

KOTA KINABALU: Sabah is welcoming reputable international investors capable of adding value to the development of the state’s energy, oil and gas industries, Chief Minister Datuk Seri Panglima Hajiji Noor said.

He said the State Government remains committed to providing a stable, conducive and competitive investment environment to attract high-quality investments, particularly in the energy and oil sectors.

“Strategic cooperation between international oil companies and key industry players must deliver 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 his office in Menara Kinabalu on Thursday.

Lance said ConocoPhillips is one of the leading oil companies from the United States and the world’s largest independent oil and gas exploration and production company, with operations across several strategic regions globally.

He added that the company is focusing its investments in Sabah while 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 sector has a very bright future for the state’s growth,” said Lance, who was on his first visit to Sabah.

ConocoPhillips Sabah Gas became the sole operator of the Kebabangan (KBBC) Production Sharing Contract (PSC) Cluster in Sabah following the transfer of operations from Petronas on January 21, 2025.