TotalEnergies Collaborates With Petronas in Multiple Blocks Offshore Malaysia, Indonesia

MT Newswires Live
16 Jun

TotalEnergies (TTE) said Monday it has acquired interest in multiple blocks offshore Malaysia and one block offshore Indonesia from Petronas.

Financial terms were not disclosed.

TotalEnergies said it will own a 50% operated stake in blocks SK301b and SK313, and also hold interests in other exploration blocks offshore Malaysia.

The company also said it agreed to acquire a 24.5% interest from Petronas in the Bobara block offshore Indonesia.

Price: 63.71, Change: +0.23, Percent Change: +0.35

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