SMJ Energy secures RM 94 million in revenue from crude oil sale
This latest transaction further solidifies the company's commitment to generating long-term, sustainable value from its operations.
Since acquiring a 50% participating interest in the Samarang PSC on May 31, 2023, SMJ Energy's robust performance in the market continues to yield impressive results.
Cumulatively, the company has generated an estimated RM1.9 billion in revenue to date, or RM397 million since early 2025 through strategic sales of its crude oil and gas from Samarang PSC.
Samarang PSC, located offshore Sabah, is expected to provide continuous and significant revenue streams to SMJ Energy.
Samarang PSC also produces and supply gas to Kota Kinabalu Industrial Park (KKIP) and three gas power plants in and around Kota Kinabalu, Sabah.
The sale of crude oil from the Samarang PSC reinforces SMJ Energy's position as a key player in Sabah's energy sector.
The company's operations support the Sabah State Government's goals of driving economic growth, strengthening local content development, and advancing a sustainable energy future.
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