Blow to Sabah’s O&G dreams as Shell downsizes operations in Kota Kinabalu

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Sabah accounts for about 20% of Malaysia’s oil and gas production, with 317,000 barrels of oil equivalent (BOE) per day. (Bernama pic)KOTA KINABALU: Sabah’s ambition to be an oil and gas powerhouse has suffered a blow with Shell’s decision to withdraw from the state in a big way.The withdrawal, though unlikely to upend operations, is crippling from a visual and economic viewpoint.Currently, the multi-national company’s upstream and downstream operations are housed in the 14-storey Plaza Shell, a landmark building owned by developer Hap Seng Group and sits at the heart of the city’s central business district here, with some 200 Shell staff occupying four floors.It was a proud moment for the company when it officially opened the office back in November 2015, with the top management saying then it represented the company’s long presence, partnership and progress in the state.But …