KOTA KINABALU: Sabah Oil and Gas Services and Equipment (OGSE) vendors' total revenue has reached RM2 billion from contracts awarded by Petronas and Petroleum Arrangement Contractors (PACs) from 2021 to 2024.
Chief Minister Datuk Seri Hajiji Noor said that of this amount, RM1 billion was earned last year alone.
This marked a 229 per cent increase from RM613 million in 2021 to RM1 billion in 2024, while the number of Sabah OGSE companies had also grown by 91 per cent from 79 to 151.
“This remarkable achievement highlights the success of our collaborative efforts since the signing of the Commercial Collaboration Agreement (CCA) with Petronas in December 2021 to sustain and enhance the capabilities of Sabahan vendors,” he said.
Speaking at the commemoration of Sabah OGSE vendors at the Sabah International Convention Centre (SICC) here today, Hajiji commended Petronas for providing opportunities for the OGSE sector to grow and giving its firm commitment to advance a vibrant and sustainable oil and gas ecosystem in Sabah.
Finance Minister Datuk Seri Masidi Manjun delivered his speech.
