TotalEnergies has signed agreements to acquire a 30% operated interest in the Lang Lebah and B14 gas fields offshore Sarawak, Malaysia. The other partners are PETRONAS Carigali (PCSB), PTTEP and KUFPEC.
Upon completion, TotalEnergies will operate the fields with a 30% stake. PTTEP will hold 25%, KUFPEC 25% and PCSB 20%.
The integrated development is expected to unlock more than 6.5 trillion cubic feet of gas resources. That volume is equivalent to more than one billion barrels of oil.
Production will supply the existing Malaysia LNG liquefaction plant and support growing LNG demand in Asia. The deal strengthens TotalEnergies’ presence in Malaysia, following its 2024 acquisition of SapuraOMV.