The new office in Kota Kinabalu is GAC’s 14th in Malaysia and follows a recent collaboration between state energy company Petronas state government of Sabah over the operation of the Samarang offshore oil & gas field.
The Samarang field, 50 km off the coast of Sabah, produces approximately 36,000 barrels of oil and gas equivalent per day and 134 million standard cu feet per day of gas.
"Sabah is poised for major growth, most notably in its energy sector. This expansion will complement our operations in Labuan, fortify our presence in East Malaysia and enable us to be a critical part of the development in Sabah," said Herman Jorgensen, Managing Director of GAC Malaysia.
GAC has further expansion plans in Malaysia to support the country’s freight and logistics market which is expected to grow from $26.35 billion annually today to $35.10 billion by 2029. To take advantage of this growth GAC has plans for two more offices in Kuantan and Yan in Peninsular Malaysia.
“Malaysia’s shipping and logistics sector is on the rise, driven by rising demand from local manufacturing industries,” Herman added. “We are looking to support the country’s growth by providing our industry-leading services to our customers using Malaysia’s ports and logistics hubs, both now and in future.
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