Petronas partnership lands Sabah RM2bil windfall in 2024

Free Malaysia Today

SMJ Energy CEO Dionysia Kibat says the collaboration has also unlocked ripple effects across the broader estate economy.   Read More:   Laporan Lanjut:   Free Malaysia Today is an independent, bi-lingual news portal with a focus on Malaysian current affairs.    Subscribe to our channel - http://bit.ly/2Qo08ry   ------------------------------------------------------------------------------------------------------------------------------------------------------ Check us out at https://www.freemalaysiatoday.com Follow FMT on Facebook: https://bit.ly/49JJoo5 Follow FMT on Dailymotion: https://bit.ly/2WGITHM Follow FMT on X: https://bit.ly/48zARSW  Follow FMT on Instagram: https://bit.ly/48Cq76h Follow FMT on TikTok : https://bit.ly/3uKuQFp Follow FMT Berita on TikTok: https://bit.ly/48vpnQG  Follow FMT Telegram - https://bit.ly/42VyzMX Follow FMT LinkedIn - https://bit.ly/42YytEb Follow FMT Lifestyle on Instagram: https://bit.ly/42WrsUj Follow FMT on WhatsApp: https://bit.ly/49GMbxW  ------------------------------------------------------------------------------------------------------------------------------------------------------ Download FMT News App: Google Play – http://bit.ly/2YSuV46 App Store – https://apple.co/2HNH7gZ Huawei AppGallery - https://bit.ly/2D2OpNP  #FMTNews

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00:00Sabah and oil and gas contractors secured 2 billion ringgit worth of projects in 2024,

00:06a three-fold increase compared to levels before the state's collaboration with Petronas began

00:11four years ago. The partnership stems from the Commercial Collaboration Agreement,

00:16signed in December 2021 by Chief Minister Haji J. Noor, giving Sabah greater say,

00:22participation, and revenue sharing in the oil and gas sector.

00:25In a recent exclusive interview with FMT, SMJ Energy CEO Dionysia Kibat said

00:32the agreement has created new opportunities for local contractors.

00:55The signing of the CCA, because of all the policy has been pushed, right?

01:00We had the meetings, as I say. We pushed all the policy to come in.

01:05Then, glad to inform you that last year's record shows that it has increased from 600 million to 2 billion.

01:15She said the rise in project wins was driven by stronger policy support and local participation

01:21under the Oil and Gas Services and Equipment Subcommittee, which championed Sabahan involvement

01:26across the supply chain.

01:29Increase the capacity, the capability, but we make sure that there is no Alibaba, you know?

01:34You make sure that you need some intervention. It cannot be, you just say it out and then

01:40everybody will get it. No. There is a lot of hand-holding, in fact, yeah? So, it is also done

01:46by our segment, together with the SC4, yeah?

01:49In the first eight months of 2025 alone, Sabah-based contractors secured 1.53 billion ringgit in OGSE

01:56contracts, up from 613 million ringgit in 2021. The collaboration has also supported

02:03industrial projects such as East Steel Sabah's 31 billion ringgit steel complex and keeping

02:09solar's 10 billion ringgit glass plant in the Sabah Oil and Gas Industrial Park.

02:13The multiplier effect is a lot, yeah? But, um, even, not only the big one, even the small,

02:21small one. I think even the village surrounding that place, right, will have more, um, job opportunity.

02:29You can bring back, um, you know, people from outside to come and work, and then they have

02:35more exposure.

02:37Danish Rajareza, FMT.

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