KOTA KINABALU: Sabah has formalised the acquisition of 50% participation interest in the Samarang Production Sharing Contract (PSC) with the signing of the joint operating agreement (JOA) on Tuesday (April 4).
The agreement with PETRONAS Carigali Sdn Bhd (PCSB) was a follow-up to the heads of agreement (HOA) signed earlier in Feb 22 between state-owned SMJ Sdn Bhd (SMJSB) and PCSB witnessed by Chief Minister Datuk Seri Hajiji Noor (pic) in Kuala Lumpur.
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