KUALA LUMPUR, June 4 — ConocoPhillips Sabah Gas Ltd, operator of the Kebabangan (KBB) gas field off the cost of Sabah, has taken final investment decision (FID) on May 21, 2026 for Phase 2 of the KBB gas field development.
The company said in a statement today that the decision underscored its long-term commitment to Malaysia and continued investment in Sabah.
The total investment by the joint venture partners of approximately RM1.3 billion will support the drilling of additional wells to increase gas production, help meet growing demand and strengthen Sabah’s energy security, it added.
ConocoPhillips Malaysia president Connor Dunn said: “I am very pleased to see that in little over a year as an operator, reliability has improved and safety performance has strengthened. This is a testament to our team and the strong support of our partners.”
Commissioned in 2013, the KBB gas field is located 123 km off the coast of Sabah and is the anchor supplier of LNG and domestic gas for the state.
The KBB Cluster development is a joint venture between ConocoPhillips Sabah Gas Ltd (30 per cent, operator), Petronas Carigali Sdn Bhd (40 per cent), and Shell Energy Asia Ltd (30 per cent).
This investment in KBB Phase 2 development will expand production capacity, support Sabah’s energy security and further strengthen local talent and supplier capabilities.
