PTTEP
PTTEPNews · 2025-12-16 00:00
PTTEP acquires a 9.998% indirect stake in Malaysia's SK408 gas and condensate block through a deal with TotalEnergies.
PTTEP, via its subsidiary, has acquired a 49.99% stake in TotalEnergies' subsidiary AzurVista Resources, resulting in an indirect 9.998% interest in the producing SK408 gas and condensate block offshore Malaysia.
This strategic investment strengthens PTTEP's presence in a key Southeast Asian market and immediately boosts its petroleum production and reserves, leveraging a long-standing partnership with TotalEnergies.
Fast Facts
- ·Acquirer: PTTEP (via PTTEP SG Holding Pte. Ltd.)
- ·Target: 49.99% stake in AzurVista Resources Pte. Ltd. (TotalEnergies subsidiary)
- ·Indirect stake in SK408 block: 9.998%
- ·Location: Offshore Malaysia (SK408 block)
- ·Asset type: Gas and condensate field
- ·Current production: 750 MMscfd gas, 15,000 bpd condensate
- ·Partner: TotalEnergies SE
- ·PTTEP's existing investments in Malaysia: Over 10 projects
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PTTEP acquires a 9.998% indirect stake in Malaysia's SK408 gas and condensate block through a deal with TotalEnergies.