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TotalEnergies divests 10% stake in Malaysia’s SK408 gas block to PTTEP
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TotalEnergies divests 10% stake in Malaysia’s SK408 gas block to PTTEP
(World Oil)– TotalEnergies has completed the sale of an indirect 9.998% interest in Malaysia’s SK408 offshore gas block to PTTEP, strengthening the companies’ long-standing partnership while allowing TotalEnergies to optimize its upstream portfolio in the country. Following the transaction, TotalEnergies retains a 30.002% working interest in SK408 and remains operator of the block, which is considered a key contributor to Malaysia’s domestic
·Denver, United States
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