SMJ Acquires 50% Stake in Petronas' Block Offshore Sabah


SMJ, a company owned by the Sabah State Government, has signed an agreement with Petronas Carigali for the acquisition of  Petronas' 50% non-operating stake in the Samarang production sharing contract (PSC).

Petronas Carigali will continue to be the operator of Samarang PSC, with SMJ on board as the non-operating partner. 

The Samarang field, which is located approximately 50km offshore Sabah, is currently producing approximately 36,000 barrels of oil and gas equivalent per day (kboe/d). 

The gas, at 134 million standard cubic feet per day (MMscf/d) is part of the supply for customers in Kota Kinabalu and Labuan.

Current News

Orsted South Fork Wind Farm Delivers First Power to NY Electric Grid

Orsted South Fork Wind Farm De

Seatrium to Build FPSO Topside Modules for MODEC

Seatrium to Build FPSO Topside

China's Envision Energy Says 'Easy' to Triple Renewables

China's Envision Energy Says '

ExxonMobil Forecasts Increases in Project Spending, Oil Output

ExxonMobil Forecasts Increases

Subscribe for OE Digital E‑News

Offshore Engineer Magazine