TotalEnergies expands offshore footprint in Malaysia and Indonesia

KUALA LUMPUR, June 16, 2025 – TotalEnergies has acquired interests from Petronas in several offshore blocks in Malaysia and one in Indonesia, expanding its strategic footprint in South-East Asia, the company said on Monday.

The agreement, announced at Energy Asia 2025 in Kuala Lumpur, includes a 50% operated stake in Blocks SK301b and SK313 in Malaysia, where more than 113.3 bcm (4 tcf) of gas has been discovered and is earmarked for development to supply Malaysia LNG from 2030.

TotalEnergies will also participate in additional Malaysian exploration blocks and hold a 24.5% interest in Indonesia’s Bobara block for an oil-focused exploration programme. The deal is subject to regulatory approvals.

“This marks a strategic expansion in Malaysia, strengthening our low-cost, low-carbon gas production base and aligning with the regional LNG market,” TotalEnergies chairman and CEO Patrick Pouyanné said.

Petronas group CEO Tan Sri Tengku Muhammad Taufik added, “Today’s signing marks another significant step forward in our shared commitment to responsible growth and long-term value creation.”

The announcement coincides with a broader strategic co-operation agreement signed between the two companies to enhance global collaboration in upstream activities.

TotalEnergies has operated in Malaysia since 1985 and became the third-largest gas operator in the country after acquiring SapuraOMV Upstream in 2024. The company holds significant interests in Malaysian blocks SK408, SK310, SB412, SB-2K, SB-N and 2E (Marjoram). It also markets petroleum products via TotalEnergies Marketing Malaysia and is involved in CO2 storage development projects in the Malay Basin.

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