By Christie U. Omonigho
Energy Window International (Media) – TotalEnergies says it has closed an agreement to divest to PTTEP an indirect interest of 9.998% in block SK408 in Malaysia while retaining a 30.002% interest in block SK408 in furtherance of this transaction.
The Company has told Energy Window International (Media) in an email statement that the partnership with PTTEP in block SK408 was to mark a new milestone for the French energy major in Malaysia, following the acquisition of SapuraOMV in December 2024, and the purchase of interests in multiple blocks from PETRONAS Carigali Sdn Bhd in June 2025.
Nicolas Terraz, President Exploration & Production at TotalEnergies said: “With this transaction, TotalEnergies ensures efficient management of its portfolio in Malaysia, while strengthening ties with PTTEP, a long-standing partner of our Company. Together with PTTEP, we look forward to further contributing to the development of Malaysia’s energy resources.”
SK408 EWI Publishers learnt is a major gas development, contributing to the country’s energy security. Operated by TotalEnergies, the block forms part of the company’s integrated upstream portfolio in the country.
TotalEnergies said it has been operating in Malaysia since 1985, and has within the period built a long-standing partnership with PETRONAS. The French major added that it is currently the 3rd largest gas operator in the country by virtue of its acquisition of SapuraOMV Upstream, employing about 300 people in the country and operated interests of 30.002% in block SK408 and 30% in block SK310. It also said it has interests in 16 other blocks offshore Sarawak and Sabah. In 2023, the Company said it signed a deal with PETRONAS and Mitsui to develop a CO2 storage project in Southeast Asia to assess several potential sites in the Malay Basin. It also said that it is developing hybrid renewable projects (solar and battery) to supply its B2B customers under the Corporate Renewable Electricity Supply Scheme (CRESS).