Sabah takes 20% stake in oil fields off Kota Belud


Dateline 2025-11-29, Free Malaysia Today:

PETALING JAYA: Sabah is poised to secure a bigger share in oil and gas resources after a state-owned company acquired a 20% non-operating participating interest in an agreement with Petronas, chief minister Hajiji Noor said.

State-owned SMJ Energy acquired the interest in the North Sabah enhanced oil recovery production sharing contract for the exploration and production of oil from offshore fields in Sabah.

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This entry was posted on Sunday, November 30th, 2025 at 3:41 pm and is filed under oil and gas. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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