KUALA LUMPUR — Petroliam Nasional Bhd (PETRONAS), through its wholly owned subsidiary PETRONAS Carigali Sdn Bhd, has entered into a series of farm-out agreements (FOAs) with TotalEnergies, Kuwait Foreign Petroleum Exploration Company (KUFPEC) and PTTEP covering the SK410B Lang Lebah and B14 gas fields offshore Sarawak.
The agreements aim to facilitate the integrated development of gas resources across the two fields, which are governed by separate production sharing contracts (PSCs). Upon completion of the arrangements, TotalEnergies will assume operatorship of both fields.
The integrated development approach is expected to improve coordination between the two projects, optimise infrastructure planning and facilities development, and enhance resource monetisation, project efficiency and long-term value creation for Sarawak and Malaysia.
Under the proposed arrangements, TotalEnergies will hold a 30 per cent participating interest in each PSC and serve as operator, while PTTEP and KUFPEC will each hold 25 per cent, and PETRONAS Carigali the remaining 20 per cent.
Completion of the FOAs is subject to the relevant regulatory approvals.
The agreements were commemorated at a signing ceremony in Abu Dhabi, United Arab Emirates, on Nov 1, in conjunction with ADIPEC 2026, one of the energy industry’s leading gatherings.
PETRONAS said the strategic collaboration reflected its continued commitment to responsibly developing Malaysia’s gas resources, strengthening long-term energy security and creating sustainable value for the country’s energy industry and stakeholders.
