TotalEnergies, PTTEP sign partnership deal for Malaysia shallow water block
TotalEnergies has closed a deal to divest to PTT Exploration and Production Public Co. Ltd. (PTTEP) a 9.998% indirect interest in the SK408 block in Malaysia off the Sarawak coast. A deal value was not disclosed.
PTTEP SG Holding Pte. Ltd., a subsidiary of PTTEP, acquired a 49.99% interest in AzurVista Resources Pte. Ltd., a subsidiary of TotalEnergies, which holds a 20% participating interest in the SK408 block. TotalEnergies keeps a 30.002% interest in block SK408.
SK408 is a natural gas and condensate producing field in Malaysia shallow water. It currently produces about 750 MMscfd of natural gas and 15,000 b/d of condensate, PTTEP said in its release Dec. 16.
The company noted “a plan to ramp up production in the future,” but no specifics were reported.
TotalEnergies, as part of its 2025 Strategy and Outlook report released in September, noted its 2024 entry into Malaysia as operator with an aim of building a new hub in Kuala Lumpur to meet growing regional gas demand.
TotalEnergies acquired SapuraOMV in December 2024 and purchased interests in multiple blocks from Petronas Carigali Sdn Bhd in June 2025.