WHO WE ARE
We are the designated entity responsible to oversee, manage, direct and coordinate the Sabah Government’s involvement throughout the entire oil and gas value chain in Sabah.
About Us
SMJ Energy Sdn Bhd (formerly known as SMJ Sdn Bhd) is wholly owned by the State Government of Sabah through Chief Minister incorporated and was established as a result of the Commercial Collaboration Agreement signed between Sabah State and PETRONAS on 7 December 2021.
The Commercial Collaboration Agreement allows Sabah State Government, through SMJ Energy Sdn Bhd to increase revenue sharing, to have greater participation and say in the oil and gas production and its value chain in the State.
We act as a Financial Investor investing in profitable oil & gas producing assets with healthy cash flow operated by reputable companies with proven track records and established Environmental, Social and Governance & Risk Management Practices.
We are entrusted by the Sabah State to acquire equity in Petronas-owned upstream, midstream and downstream activities in Sabah.
We are also the designated entity responsible to oversee, manage, direct, and coordinate the State’s participation in the whole value chain of oil and gas activities in Sabah.
“The Commercial Collaboration Agreement allows the Sabah State Government, through SMJ Energy Sdn Bhd, to increase revenue sharing, to have greater participation and say in the oil and gas production and its value chain in the state.”
Datuk Seri Panglima Haji Hajiji Haji Noor
Chief Minister of Sabah
Our Objectives
Our Journey
07 December 2021
Commercial Collaboration Agreement (CCA) signed between the Sabah State Government and Petroliam Nasional Berhad (PETRONAS).
15 February 2023
Letter of Understanding (LoU) signed for a back-in-option arrangement of up to 20% on Block SB409 Production Sharing Contract (PSC).
05 April 2023
Formalised the acquisition of 50% participation interest in the Samarang PSC with the signing of the Farm-Out Agreement (FOA).
30 June 2023
Sabah sold its first crude oil cargo to the crude oil buyer, Shell International Eastern Trading Company (SIETCO).
16 October 2023
SMJ Sdn Bhd successfully launched its inaugural RM900 million Sukuk Wakalah Programme.
31 October 2023
SMJ Sdn Bhd declared its maiden RM50 million dividend to the Sabah State Government.
23 December 2023
The Edge awarded SMJ Energy Sdn Bhd RM900 million Sukuk Wakalah Programme as the "Best Fundraising Non-IPO Deal 2023".
09 January 2023
Heads of Agreement (HOA) signed for the acquisition of 25% equity interest in PETRONAS Chemicals Fertiliser Sabah Sdn Bhd (PCFSSB).
22 February 2023
Heads of Agreement (HOA) signed on a potential acquisition of 50% participating interest in the Samarang Production Sharing Contract (PSC).
25 April 2023
Share Purchase Agreement (SPA) signed for the acquisition of 25% equity interest in PETRONAS Chemicals Fertiliser Sabah Sdn Bhd (PCFSSB).
11 August 2023
RAM Ratings assigns AAA rating to Sabah state's SMJ Sdn Bhd Sukuk Wakalah Programme.
25 October 2023
SMJ Sdn Bhd concluded the acquisition of Sabah International Petroleum Sdn Bhd (SIP).
23 January 2024
Letter of Understanding (LoU) signed for a back-in-option arrangement of up to 20% on Block SB403 Production Sharing Contract (PSC).