TotalEnergies to acquire 30% stake in offshore Malaysia gas fields
- TotalEnergies (TTE) has signed agreements with PETRONAS Carigali, PTTEP and KUFPEC to acquire a 30% operated stake in the Lang Lebah and B14 gas fields offshore Sarawak, Malaysia.
- The two fields are expected to be developed as an integrated project, unlocking more than 6.5T cubic feet of gas resources, equivalent to over 1B barrels of oil equivalent. The development is expected to supply the existing Malaysia LNG plant, with production reaching a plateau of around 10B cubic meters annually.
- The transactions are subject to regulatory approvals. Upon completion, TotalEnergies will hold a 30% operated interest in both fields, alongside PTTEP and KUFPEC with 25% each, and PETRONAS Carigali with 20%.
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