10th SOGCE
SabahSabah International Convention Centre
Kota Kinabalu, Sabah Malaysia
"Energy Security and Sustainability in Oil, Gas & Energy Industry in Sabah"
Supported By
SOGCE NETWORKING GOLF
10 JUNE 2023
Sutera Harbour Golf & Country Club,
Kota Kinabalu, Sabah Malaysia
About SOGCE
SOGCE is the only oil, gas & energy conference and exhibition aimed at providing an industry platform for oil, gas & energy companies meet and discuss pivotal industry issues to help grow and explore opportunities in the Sabah oil, gas & energy industry.
SOGCE provides a one-stop centre for suppliers of technologies, experts in the oil, gas & energy industry together with policy makers to discuss the challenges and solutions, charting the way forward in the promotion of the oil, gas & energy industry in Sabah.
SOGCE is created to assist and complement the state government in promoting the Oil, Gas & Energy Industry in Sabah.
It also spurs collaborations, and partnerships for mutual benefits as well as providing vast opportunities for local contractors to be involved in the oil, gas & energy industry.
SOGCE aims to attract international and domestic oil, gas & energy executives from various oil, gas & energy companies.
10th SOGCE is organised across two days of full day conference, with various interesting topics of paper presentation as well as plenary sessions and a 2-Day exhibition that will showcase latest equipment, technology & solutions to demonstrate competitive advantages and competencies that include international and regional energy companies, service providers, and oil, gas & energy companies. There will also be a specific panel session for young professionals that will be conducted by our collaboration partner, the Society of Petroleum Engineers - Kuala Lumpur.
There will also be SOGCE Networking Golf hosted by Midas Events Management (MEM) and organised by the Malaysian Oil, Gas & Energy Services Council (MOGSC).
10th SOGCE Theme: “Energy security and sustainability in oil, gas & energy industry in Sabah”
Energy security: Reliable access to energy sources on a timely, sustainable, and affordable basis.
“The International Energy Agency (IEA) defines energy security as the uninterrupted availability of energy sources at an affordable price. Energy security has many aspects: long-term energy security mainly deals with timely investments to supply energy in line with economic developments and environmental needs. On the other hand, short-term energy security focuses on the ability of the energy system to react promptly to sudden changes in the supply-demand balance”. (IEA)
Sustainability: Meeting the needs of present generations without compromising the ability of future generations to meet their own needs.
Sustainability in oil, gas & energy
Oil and gas will be an essential part of energy management until an alternative energy source becomes more economical. During the transition stage, the oil and gas industry will play an important role in managing production safety to reduce emissions, discharges, and the ecological impact while providing energy at an affordable price. In addition, companies face complex investment challenges due to tough operational environment of exploration and production activities where the workforce regulations aim to provide a safe, secure, and healthy working environment. Proper analysis and reporting mechanisms are considered key signs of sustainable development at the oil and gas company level. The utilization of the energy and its constituent components should benefit society with economic stability without damaging nature and the environment.
Malaysia National Energy Policy 2022 – 2040 (DTN)
“DTN sets the vision of energy sustainability towards achieving shared prosperity, reflecting the role of energy as a significant contributor which enables other key sectors of the economy to thrive on the country's economic development. To realise this vision, progress needs to be made in three DTN objectives - enhancing macroeconomic resilience and energy security, achieving social equitability and affordability, as well as ensuring environmental sustainability”. (DTN)
Low Carbon Nation Aspiration 2040 (LCNA)
“In alignment with energy transition, the DTN will enhance the environmental sustainability by reducing the overall energy intensity, while improving the intensity of the primary energy mix through increased penetration of clean and renewable sources of energy and decreased penetration of coal and petroleum products in the primary energy mix”. (DTN)
Implementation of LCNA 2040 - Medium-term (2026- 2030) (DTN):
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Grow gas-based petrochemical hubs;
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Thrive Third-Party Access (TPA) gas market, investments in regasification terminal (RGT) for energy security;
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Increase upstream investments to develop deepwater, marginal and sour gas fields;
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Enhance OGSE players capacity through consolidation and international participation;
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Phase down broad-based energy subsidies, move to market-based pricing
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Capture growth with LNG uptake in marine bunkering
Capitalising Emerging Technologies: Oil & Gas (DTN):
“The oil and gas sector continues to face unique challenges, which requires technology analytics,
development, adoption and commercialisation to optimise the lifespan of indigenous oil and gas
resources”. These technologies include:
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Technology for deepwater and ultra-deepwater fields;
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Technology to ensure economical and environmentally sustainable production in sour gas fields; and
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Enhanced oil recovery technology for mature fields.
“In addition, efforts to develop advanced technology and enhance technology adoption in growing
demand areas such as sustainable exploration and production will be key, which can be leveraged to
build regional leadership in the sector. Technologies to drive efficiency in operations will be enhanced
such as the digitalisation adoption across the oil and gas value chain. These include the use of data
analytics; artificial intelligence (AI) and machine learning (ML); integrated carbon capture, utilisation and
storage (CCUS) facilities; as well as harnessing the potential of internet of things (IoT) to enhance value
creation and cost-competitiveness of domestic oil and gas production”. (DTN)
Energy Security and Sustainability in Oil, Gas & Energy Industry in Sabah
The oil, gas and energy industry in Sabah continues to be a significant contributor to the state’s
economic growth. Over the years, it has contributed significantly to Sabah's GDP. However, Sabah
needs to ensure secure, affordable and sustainable supplies of energy and to explore both short- and
long-term solutions for energy security and sustainability. Thus, in alignment to the National Energy
Policy 2022 - 2040 (DTN), Sabah shares the vision of energy security and sustainability towards achieving
shared prosperity, reflecting the role of energy as a significant contributor to the state's economic
development. “The energy sector has the potential to be a key catalyst for equitable regional
development, where energy resources are leveraged to grow high-value downstream industries in
Sabah …” (DTN).