PTTEP has reached FID for the Malaysia SK405B Project, offshore Malaysia, marking the milestone of the company’s first greenfield development project in the country to support long-term growth.
The project is designed with Zero Routine Flaring and incorporates advanced remote-operated offshore operations, underscoring PTTEP’s strategy to reduce greenhouse gas emissions while enhancing operational efficiency.
The Malaysia SK405B Project is operated by PTTEP Sarawak Oil Limited, a subsidiary of PTTEP, holding 49.5% participating interest, with PETRONAS Carigali Sdn. Bhd. holding 25%, and Mitsui Energy Development Co., Ltd. holding 25.5%.
Currently, PTTEP has invested more than 10 projects in Malaysia in exploration, development, and production phases.