KOTA KINABALU: The Sabah state government, through its wholly owned entity SMJ Energy Sdn Bhd, continues its expansion in the oil and gas sector with the signing of two key agreements for exploration blocks SB306A and SB306B located offshore of the state’s east coast.
With the agreements, SMJ Energy has secured a 15% participating right in both blocks, comprising a 7.5% free carry right from Japan’s Inpex and a 7.5% back-in right from PETRONAS Carigali Sdn Bhd (PCSB).
