KOTA KINABALU: SMJ Energy Sdn Bhd (SMJESB) steps into the new year with another deal for up to 20 per cent stake inthe Block SB403 Production Sharing Contract (PSC), here, today.
Inking the Letter of Understanding (LoU), SMJESB, a wholly Sabah Government owned company, is offered by PETRONAS Carigali Sdn Bhd (PCSB) and E&P Malaysia Venture (EPMV), of up to 20 per cent participating interest in Block SB403 PSC under the back-in option, which is exercisable upon completion of work commitment or commercial discovery, whichever is earlier.
This is SMJESB’s second exploration dealing with PCSB and EPMV through the same option. The first back-in option was signed on Feb 15 last year for Block SB409 PSC, situated offshore Sabah covering 14, 556 sq km of area, said a statement.
The event also marks the SMJESB’s latest achievement following the signing of the Commercial Collaboration Agreement (CCA) between the Sabah Government and PETRONAS on Dec 7, 2021, in line with its objectives to increase revenue sharing, have greater participation and say in the production and monetisation of oil and gas resources derive from the state.
#MalaysiaMadani
#KeselamatanNegaraTanggungjawabBersama
#MKNSabah
Sumber : Daily Express (Sabah)
Artikel/Berita Terkini
LEBIH 90 PERATUS MYKIOSK DI NEGERI SEMBILAN SUDAH DIISI
Maklumat Lanjut
TEMA HARI KEBANGSAAN DAN HARI MALAYSIA 2025
Maklumat Lanjut
𝗝𝗔𝗡𝗚𝗔𝗡 𝗕𝗘𝗥𝗜 𝗠𝗔𝗞𝗟𝗨𝗠𝗔𝗧 𝗕𝗔𝗡𝗞 𝗞𝗘𝗣𝗔𝗗𝗔 𝗠𝗔𝗡𝗔-𝗠𝗔𝗡𝗔 𝗣𝗜𝗛𝗔𝗞
Maklumat Lanjut
