TotalEnergies has divested a 9.998% stake in Malaysia's block SK408 to PTTEP while retaining a 30.002% interest, strengthening its operations and partnership in the region.

Information on the Target

TotalEnergies has successfully concluded an agreement to divest an indirect interest of 9.998% in block SK408, located in Malaysia, to PTT Exploration and Production Public Company Limited (PTTEP). Following this transaction, TotalEnergies will maintain a majority interest of 30.002% in the same block. This partnership in SK408 signifies a significant milestone for TotalEnergies in Malaysia, particularly after its recent acquisitions, including the acquisition of SapuraOMV in December 2024 and the procurement of interests in several blocks from PETRONAS Carigali Sdn Bhd in June 2025.

Nicolas Terraz, the President of Exploration & Production at TotalEnergies, stated, “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.”

Industry Overview in Malaysia

The oil and gas industry plays a crucial role in Malaysia's economy, contributing significantly to the nation's gross domestic product (GDP) and providing thousands of jobs. Malaysia is recognized as one of the l