PTTEP announces FID on Malaysia SK405B Project

Thailand-based lipid and state large PTT Exploration and Production Public Company (PTTEP) has announced a last concern determination (FID) for the Malaysia SK405B Project, its archetypal greenfield task successful the country.

The task volition incorporated Zero Routine Flaring initiatives and precocious remote-operated offshore operations to prioritise biology considerations.

PTTEP Sarawak Oil, a subsidiary of PTTEP and the relation of the SK405B accumulation sharing contract, has reached the FID for the Sirung and Chenda fields wrong the SK405B project, arsenic announced by PTTEP CEO Montri Rawanchaikul.

The improvement program involves the operation of a cardinal processing level and a wellhead platform.

Initial lipid accumulation is anticipated successful 2028, with an expected combined output of astir 15,000 barrels per time (bpd).

This aligns with PTTEP's broader strategy to trim greenhouse state emissions and heighten operational efficiency.

Rawanchaikul said: “Following respective palmy discoveries that we person made successful Malaysia, the Sirung and Chenda fields correspond an important measurement for PTTEP from exploration to development, laying the instauration for aboriginal greenfield opportunities.

“These developments underpin PTTEP’s semipermanent maturation and fortify our beingness successful Malaysia with a absorption connected biology stewardship portion supporting Malaysia’s vigor landscape.”

PTTEP Sarawak Oil holds a 49.5% involvement successful the Malaysia SK405B Project, portion PETRONAS Carigali and Mitsui Energy Development ain 25% and 25.5%, respectively.

Presently, PTTEP is progressive successful much than 10 projects crossed Malaysia, covering exploration, improvement and accumulation activities.

In July 2025, PTTEP secured implicit ownership of the Block A-18 offshore state artifact successful the Malaysia–Thailand Joint Development Area by acquiring a 50% participating interest.

"PTTEP announces FID connected Malaysia SK405B Project" was primitively created and published by Offshore Technology, a GlobalData owned brand.

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