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To date, SMJSB has successfully acquired the following profitable and producing oil and gas businesses and assets to create a balanced portfolio as a financial investor:
• 50pc participating interest in Samarang Production Sharing Contract (PSC) with Petronas Carigali Sdn Bhd as the operator. The PSC comprises seven existing oil and gas-producing fields with a production capacity of 36,000 barrels of oil and gas equivalent per day. SMJ has sold its first crude oil cargo in June 2023;
• Back-in option for up to 20pc participating interests in Block SB409 PSC upon completion of work commitment or commercial discovery, whichever is earlier; and
• 25pc equity interest in an integrated ammonia and urea production complex located in Sipitang Oil and Gas Industrial Park in Sabah (Samur). ....
Kota Kinabalu: SMJ Sdn Bhd (SMJSB), a wholly-owned subsidiary of the Sabah Government through the Chief Minister Incorporated of Sabah, successfully priced its inaugural RM900 million Islamic medium-term notes (Sukuk Wakalah) on Oct 16. ....