TotalEnergies agrees to acquire 30% operated stake in two Malaysian offshore gas fields
TTE•TotalEnergies signed agreements to acquire a 30% operated interest in Malaysia’s Lang Lebah and B14 offshore gas fields, subject to regulatory approvals. The development is expected to unlock more than 6,500 billion cubic feet of gas resources and produce around 10 billion cubic meters annually for the Malaysia LNG plant.
1. Stake acquisition
TotalEnergies signed agreements to acquire a 30% operated interest in Malaysia’s Lang Lebah and B14 offshore gas fields. Completion requires regulatory approvals. PTTEP and KUFPEC will each hold 25%, while PETRONAS Carigali will retain 20%.
2. Development plans
The integrated development is expected to unlock more than 6,500 billion cubic feet of gas resources. Planned production of around 10 billion cubic meters annually will supply the existing Malaysia LNG liquefaction plant.
