Totalenergies acquires blocks in Malaysia and Indonesia

Totalergies gained interests in several external blocks in Malaysia and one bloc in Indonesia from Petronas.

Licensing extends over 100,000 square kilometers and is at different stages of development.

Under the agreement, Totalergies will work in an interest of 50 % in the SK301B and SK313 blocks in Malaysia, along with Petronas Carigali, which is a subsidiary of Petronas.

The blocks contain the estimated gas reserves that exceed four trillion cubic feet, with a development aimed at contributing to liquefied natural gas exports in Malaysia of 2030.

In addition to the lumps that are operated, Totalenergies will also hold interests in many exploration blocks in Malaysia abroad.

The completion of this deal is awaiting the usual conditions, including organizational approvals.

This development follows SAPURAOMV In December 2024, the Totalenergies position in Southeast Asia is reinforced with Malaysia as a strategic center in partnership with Petronas.

A strategic cooperation agreement has been signed by Patrick Bojan, Chairman and CEO of Totalenergies, Tan Sri Tingco Mohamed Tuvak, President and CEO of Petronas, to increase their cooperation in the world level of exploration and production.

“Totalergies has created itself as an important gas product in Malaysia. We are pleased to expand our expansion in the country, which we see a strategic platform for our low -cost production in the future, and low carbon growth, which is supported by exposure to the Asian LNG market,” said Bojan.

“The cooperation of Totalenergies and Petronas, which extends beyond Malaysia through our multiple joint projects all over the world, enables us to reach a large and varied wallet in the country, and extends from exploration to production.”

Totalenergies has concluded an agreement to obtain an interest of 24.5 % in Bobara Block Opeshore Opeshore from Petronas.

“For a long time, Petronas and Totalergies showed how supplementary power points can open new opportunities. Today’s signature is another important step forward in our joint commitment to responsible growth and creating value in the long run.

“We will follow up and develop the barrels with advantages through the emerging exploration blocks in Malaysia and Indonesia. Our focus is on increasing high commercial capabilities while providing sustainable value to all stakeholders.”

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