PETRONAS and the Sabah State Government continue to expand the collaboration in the oil and gas industry through a Heads of Agreement signed between PETRONAS Carigali & SMJ. The HOA paves the way for SMJSB’s potential acquisition of a 50% participation interest in the Samarang Production Sharing Contract. The Samarang field is located approximately 50 km offshore Sabah.The Samarang PSC is a producing asset encompassing key oil and gas hubs in Sabah. Currently it is producing approximately 36,000 barrels of oil equivalent per day for both oil and gas. The gas is delivered to customers in Kota Kinabalu and Labuan.
PETRONAS and the Sabah State Government continue to expand the collaboration in the oil and gas industry through a Heads of Agreement signed between PETRONAS Carigali & SMJ. The HOA paves the way for SMJSB’s potential acquisition of a 50% participation interest in the Samarang Production Sharing Contract. The Samarang field is located approximately 50 km offshore Sabah.The Samarang PSC is a producing asset encompassing key oil and gas hubs in Sabah. Currently it is producing approximately 36,000 barrels of oil equivalent per day for both oil and gas. The gas is delivered to customers in Kota Kinabalu and Labuan.
