Labuan is a federal territory of Malaysia located off the coast of the state of Sabah in Borneo. The Labuan Oil and Gas industry refers to the extraction, exploration, and production of oil and natural gas resources located in and around the Labuan territory.
Labuan has been an important player in the oil and gas industry since the discovery of oil in the region in the 19th century. Today, Labuan serves as an important center for the exploration and production of oil and gas in the region, with a significant number of international oil and gas companies operating in the area.
Advantages of Labuan as oil and Gas industry player
One of the main advantages of the Labuan Oil and Gas industry is its strategic location, which is close to major oil and gas reserves in Southeast Asia. As a result, Labuan is able to provide easy access to offshore drilling sites and pipelines, making it an attractive location for oil and gas companies looking to expand their operations in the region.
In addition, the Labuan Oil and Gas industry benefits from the presence of a well-established infrastructure and regulatory framework, which makes it easier for companies to operate in the area. The Labuan International Business and Financial Center (IBFC) also plays a key role in the industry, providing a range of financial services to oil and gas companies operating in the region.
Overall, the Labuan Oil and Gas industry is a significant contributor to the economy of Malaysia and the region, providing employment opportunities, foreign investment, and energy resources that are essential for economic growth and development.
Key Industry Segments
- Exploration and Production: Labuan acts as a central hub for offshore oil and gas exploration and production. Several international oil companies operate in the region, leveraging Labuan’s infrastructure for drilling, extraction, and processing activities. The territory’s offshore facilities and deep-water ports support the extraction of oil and gas from the surrounding seabed, contributing to Malaysia’s substantial hydrocarbon reserves.
- Support Services: The oil and gas sector in Labuan is supported by a comprehensive range of services, including engineering, procurement, construction, and maintenance (EPCM). The territory hosts numerous service providers that cater to the needs of oil and gas operators, offering expertise in areas such as drilling technology, subsea engineering, and logistics.
- Oilfield Services and Equipment: Labuan has developed a robust ecosystem for oilfield services and equipment. The presence of specialized companies providing drilling rigs, production facilities, and other critical equipment supports the efficient operation of offshore oil fields. This infrastructure is crucial for maintaining and enhancing the productivity of oil and gas assets in the region.
These are just a few examples of the many oil and gas companies that are currently operating in Labuan.
Labuan Shipyard & Engineering
Labuan Shipyard & Engineering Sdn. Bhd. (LSE), a subsidiary of Radimax Group Sdn. Bhd., and Sapura Energy Berhad (formerly known as SapuraKencana Petroleum Berhad), is a leading integrated solutions provider for both the shipbuilding and ship repair (SBSR) and oil & gas (O&G) industry in the Asia-Pacific region.
| Address | KM 9, Jalan Rancha-Rancha, 87000 Labuan F.T. |
| Website | Labuan Shipyard & Engineering Sdn Bhd |
| Telephone | 087-451 888 |
| Enquiry : enquiry@labuanshipyard.com | |
| Corporate Communication : ccd@labuanshipyard.com |