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, optimizing infrastructure planning, facilities development, and resource monetization 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 optimize 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 November 1, 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.
