The contract covers blocks PM303 and PM324, located around 100km offshore peninsular Malaysia in 50m to 80m water depth. Total E&P Malaysia will hold a 70% interest in each block and will also operate them, alongside partner Petronas Carigali.
The work commitments during the exploration period encompass seismic data acquisition and high-pressure and high-temperature exploration drilling, an area of expertise for Total.
The acquisition reportedly reflects Total’s commitment to expanding its co-operation with Petronas and the broadening of its presence in Southeast Asia.
