KOTA KINABALU: SMJ Energy has completed its ninth crude oil lifting from the Samarang Production Sharing Contract (PSC) at the Labuan Crude Oil Terminal.
The latest lifting is expected to generate RM92 million in sales revenue, marking another milestone in the company’s upstream performance.
Cumulative crude oil and gas sales now stand at RM1.7 billion, with RM158 million earned since early 2025, reinforcing Samarang’s strategic role in SMJ’s revenue stream.
window.googletag = window.googletag || {cmd: []};googletag.cmd.push(function() {googletag.defineSlot('/22826383987/dailyexpress_inline', [1, 1], 'gpt-passback').addService(googletag.pubads());googletag.enableServices();googletag.display('gpt-passback');});This reflects SMJ Energy’s solid investment in the offshore Sabah-based PSC and its commitment to operational excellence and value creation.
Samarang PSC remains a key supplier of gas to KKIP, three power plants here, the Labuan Methanol Plant 1, and SESB’s Labuan facility.