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SABAH INTERNATIONAL PETROLEUM

Contacts

Kuala Lumpur - Sabah International Petroleum Sdn Bhd
25th Floor, Wisma UOA II
21 Jalan Pinang, 50450
Kuala Lumpur, Malaysia

Tel: +603 2030 0800
info@sabahintpetroleum.com

Labuan
RR0328, Kampung Rancha-Rancha
Jalan Rancha-Rancha Lama
87000 Wilayah Persekutuan Labuan
Malaysia

Tel: +6087 414 388

P.T. M3 Ketapang Sejahtera
21st Floor, Menara Thamrin Suite 2103,
JI.M.H. Thamrin Kav.3,
Jakarta 10250, Indonesia

Tel: +62 21 3983 0101/02

Selangor
Lot 7, Jalan BS7/22
Taman Perindustrian Bukit Serdang
Section 7, 43300 Seri Kembangan
Selangor, Malaysia

Tel: +603 8944 1288

Description

SABAH INTERNATIONAL PETROLEUM SDN. BHD. (“SIP”) was formed in 2014 by the State Government of Sabah, as a special purpose entity to support the State’s expanded involvement in the energy, oil and gas sector and to further strengthen Sabah State Government’s position in the industry.

Moving towards this vision and following a restructuring of Sabah Development Bank Berhad that was completed in October 2016, SIP is now wholly owned by Sabah Development Berhad, an investment holding company specially incorporated by the Sabah State to ensure SIP moves in tandem with the State’s development plans and objectives.

SIP focuses on three core sectors which are O&G Exploration & Production, O&G Exploration & Production Support Services Sector (which includes Floating Production and Oilfield Chemical Manufacturing) and Energy Supply. These business sectors are each represented by respective holding entities namely, Sabah International Petroleum E&P Sdn. Bhd., Sabah International Petroleum FP Sdn. Bhd., BCI Sabah International Petroleum Sdn. Bhd. and Sabah Development Energy Sdn. Bhd.

To accelerate SIP’s future development in the energy, oil and gas industry, it has successfully made strategic investments in oil and gas entities. SIP has secured a strategic interest in two PSC’s onshore Sabah which are Blocks SB 331 and SB 332. Further to the growth, SIP has an equity investment interest in Octanex N.L., which is an Australian oil and gas company with a 50% interest in the Ophir Oil field development offshore Peninsular Malaysia via its interest in Ophir Production Sdn. Bhd. (OPSB).

Apart from the O&G Exploration & Production Sector, SIP has investments in other entities which own valuable vessels such as FPSO Ratu Nusantara, FPSO Perintis and FSO Ratu Songkhla. All these entities are now part of the O&G Exploration & Production Support Services Sector of SIP. Moving forward, SIP has been appointed by Sabah State government to engage with PETRONAS for a 10% potential investment opportunity in the Bintulu LNG Train 9 project.

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