E.A. Gibson Shipbrokers Ltd (Gibson) and Sabah Oil & Gas Development Corporation Sdn Bhd (SOGDC) have signed a Memorandum of Understanding to collaborate in the development of the Oil and Gas facilities at the Sipitang Oil and Gas Industrial Park (SOGIP), Sabah, Malaysia.
The feasibility study for the proposed Project is underway with completion scheduled for May 2024.
This milestone marks a crucial step in realizing the envisioned developments at SOGIP.
SOGDC’s Chairman Datuk Seri Panglima Abdul Rahman Dahlan said SOGDC is aiming for long-term cooperation with Gibson and reputable international players to participate in the development of SOGIP to create high-quality jobs in the state of Sabah.
SOGDC’s CEO Datuk Harun Ismail added that the collaboration with Gibson and its global clientele will unlock energy availability for domestic and international markets, positioning SOGIP as one of the key hubs in the region.
Gibson is a London-based shipbroker with over 130 years of experience in advising international clients, primarily in the oil & gas sector.
SOGDC is a Sabah state government agency under the direct purview of the State Ministry of Industrial Development & Entrepreneurship.