KUALA LUMPUR, Nov 2 (Bernama) -- Petroliam Nasional Berhad (PETRONAS), through its wholly owned subsidiary PETRONAS Carigali Sdn. Bhd. (PETRONAS Carigali), together with TotalEnergies, Kuwait Foreign Petroleum Exploration Company (KUFPEC), and PTTEP have entered into a series of farm-out agreements (FOAs) covering the SK410B Lang Lebah and B14 fields off the coast of Sarawak, offshore East Malaysia.
The agreements aim to support a more integrated development of gas resources across the two fields under the SK410B Production Sharing Contract (PSC) and B14 PSC, respectively. Upon completion of the arrangements, TotalEnergies will assume operatorship of both fields.
The integrated development approach is expected to enable greater coordination across the two fields, optimising infrastructure planning, facilities development, and resource monetisation while enhancing project efficiency and long-term value creation for Sarawak and Malaysia.
The FOAs represent an important milestone in unlocking the value of gas resources across the SK410B Lang Lebah and B14 fields. By aligning operatorship and development planning across both PSCs, the joint venture parties are better positioned to optimise resources, enhance execution efficiency, and accelerate project delivery.
Upon completion of the FOAs, the participating interests in each PSC will be held by TotalEnergies at 30% as operator, PTTEP at 25%, KUFPEC at 25%, and PETRONAS Carigali at 20%. The completion of the FOAs remains subject to the relevant regulatory approvals.
The parties commemorated the FOAs during a signing ceremony on 1 Nov 2026, in Abu Dhabi, United Arab Emirates in conjunction with ADIPEC 2026, one of the leading energy industry gatherings.
This strategic collaboration reflects PETRONAS' continued commitment to responsibly developing Malaysia's gas resources, supporting long-term energy security while creating sustainable value for Malaysia's energy industry and its stakeholders.
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Channels and Media RelationsGroup Strategic Relations & CommunicationsPETRONAS
Source: Petroliam Nasional Berhad (PETRONAS)
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eshalim.hweenee@petronas.com Name: Nabil Basaruddin
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nabil.basaruddin@petronas.com--BERNAMA