KUALA LUMPUR, Feb 23 (Bernama) — PETRONAS and the Sabah State Government continue to expand the collaboration in the oil and gas industry through a Heads of Agreement (HOA) signed yesterday between PETRONAS Carigali Sdn Bhd (PCSB), a wholly-owned subsidiary of PETRONAS and SMJ Sdn Bhd (SMJSB), a company wholly-owned by the Sabah State.
The HOA paves the way for SMJSB’s potential acquisition of a 50 per cent participation interest in the Samarang Production Sharing Contract (PSC). The Samarang field is located approximately 50 km offshore Sabah.
