Shell Winding Down Kl Kk Office Moving To Miri

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 low oil prices which had not recovered
forecast for future growth unfortunately not optimistic 







KOTA KINABALU: 

Shell’s decision to withdraw from Sabah in a big waycompany to ship to Miri S'wak, traditional upstream hqstaff from upstream office in KL  transferred to Miriwithdrawal crippling from visual, economic viewpointCurrently housed in 14-storey Plaza Shell, KK200 Shell staff occupying four floorsopened office back in Nov 2015

low oil prices which had not recoveredforecast for future growth unfortunately not optimistic for SabahSabah’s O&G ambition suffer blow affect Sabah's image and investor confidence 22.5% Sabah’s GDP from oil and gas industry cost cutting rampantAll major companies cutting capexconsolidating staff in one area


Sarawak all-out for Shell’s plan to set up new office in MiriShell new office in Miri could accommodate 1,000 employeesit would bring economic windfall to Miri
My comments :  We have to move on. Perhaps the 'curse of oil' is coming to an end as well.  While abundant oil has made the modern way of living so accessible and prevalent all over the world the same oil has caused too much "transitional" problems for many oil producing societies who became addicted to easy oil money.  
So how did we survive before the oil money poured in in bucket-fuls in the late 70s? Meaning we did survive. 
It is really high time to get serious.  Play time should really be over.Posted by Syed Akbar Ali 

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