SMJ Energy Sdn Bhd’s Oil and Gas Services and Equipment (OGSE) and Corporate Executive Director Terry Biusing also pointed out the enhanced Sabah Vendor Development Programme, which previously focused on non-oil and gas work, now targets medium and high-complexity projects, with 20 programs planned exclusively for Sabahan companies between now and 2030.
“We spend about RM7 billion annually on oil and gas in Sabah. That opportunity is there for Sabah. Last year we got about RM2 billion. But I think with the right partnerships and capabilities, Sabahan companies can take at least 50 per cent of it,” Terry said.
The programme’s success has caught Sarawak’s attention, with talks about collaboration between the two Bornean states.
