Petronas Carigali, Malaysia’s state-owned oil and gas heavyweight Petronas, has taken steps to divest a partial stake to SMJ Energy (SMJE), a company wholly-owned by the Sabah state government, in a production sharing contract (PSC) for fields in shallow waters off the coast of Sabah, offshore of East Malaysia. Petronas and Sabah have also strengthened their collaboration with another PSC award.

SMJE Petronas Carigali NSEOR Permata Cluster Bridge Petroleum Petronas Petronas Carigali Hazli Sham Kassim Chief Executive Officer Hajiji Haji Noor Chief Minister South Furious St Joseph Malaysia Bid Round Sabah State Government Kuala Lumpur