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Total Energy signed an agreement with PCSB, a Malaysian petroleum exploration subsidiary, Thailand's PTTEP, and Kuwait's KUFPEC to acquire 30% of the operating rights in the Malaysian Sarawak offshore Hailangreba and B14 gas fields. The joint development of the two gas fields is expected to release more than 6.5 trillion cubic feet of natural gas resources to supply gas to the existing Malaysian LNG plant, with a steady peak production of about 10 billion cubic meters per year. After the transaction was completed, Total Energy held 30% of the operating rights in the two gas fields; PTTEP accounted for 25%, KUFPEC accounted for 25%, and PCSB accounted for 20%. The financial terms of this transaction were not disclosed to the public.

Zhitongcaijing·11/02/2026 06:25:13
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Total Energy signed an agreement with PCSB, a Malaysian petroleum exploration subsidiary, Thailand's PTTEP, and Kuwait's KUFPEC to acquire 30% of the operating rights in the Malaysian Sarawak offshore Hailangreba and B14 gas fields. The joint development of the two gas fields is expected to release more than 6.5 trillion cubic feet of natural gas resources to supply gas to the existing Malaysian LNG plant, with a steady peak production of about 10 billion cubic meters per year. After the transaction was completed, Total Energy held 30% of the operating rights in the two gas fields; PTTEP accounted for 25%, KUFPEC accounted for 25%, and PCSB accounted for 20%. The financial terms of this transaction were not disclosed to the public.