KOTA KINABALU: SMJ Energy has successfully completed its 9th crude oil lifting from the Samarang Production Sharing Contract (PSC) at the Labuan Crude Oil Terminal.
This latest lifting is expected to generate sales revenue of approximately RM92 million, underscoring another key milestone in the company’s upstream portfolio performance.
With this latest sale, the company has now achieved cumulative crude oil and gas sales revenue of approximately RM1.7 billion to date, or RM158 million since early 2025, reinforcing the asset’s role as a stable and strategic contributor to SMJ Energy revenue stream.
This achievement reflects the robustness of SMJEnergy investment in the Samarang PSC and its continued focus on operational excellence and value creation.
The Samarang PSC is a producing offshore asset located offshore Sabah, Malaysia, and has a strong track record of stable production. It is the sole gas supplier to Kota Kinabalu Industrial Park (KKIP) and three gas power plants in and around KK.
Samarang PSC is also a main gas supplier to Labuan supplying gas to Labuan Methanol Plant1 and SESB PowerPlant in Labuan.
SMJ Energy continues to explore further optimisation opportunities within the field to enhance output and maximise returns.
