TotalEnergies (TTE) has agreed with Malaysia's PETRONAS Carigali, Thailand's PTTEP, and Kuwait's KUFPEC to acquire a 30% operated interest in the Lang Lebah and B14 gas fields, which is located off the coast of Sarawak, Malaysia, the company said Monday.
Financial terms were not disclosed.
Lang Lebah and the nearby B14 field are slated to be developed as a single project containing more than 6.5 trillion cubic feet of gas resources to supply the Malaysia LNG liquefaction plant at an ultimate rate of about 10 billion cubic meters per year, the company said.
The deal is subject to regulatory approvals.
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