TotalEnergies will sell its 85 per cent interest in Block 2E offshore Malaysia to INPEX for $350 million.
The stake represents an 8.5 per cent net interest in the Marjoram gas field, now under development.
For manufacturers and sourcing teams in Southeast Asia, the move signals portfolio reshaping in a regional gas supply platform.
“This agreement is fully aligned with our strategy of actively managing our portfolio and prioritizing material positions to support our ambition to develop low-cost, low-emission projects. With Jerun field now on stream and a large portfolio of opportunities, Malaysia is a strategic platform for TotalEnergies’ low-cost, low-emission growth strategy, serving both the country and the wider Southeast Asia region,” said Nicolas Terraz, President Exploration & Production at TotalEnergies.
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ALCHEMPro News Desk
