PTTEP Sets Final Investment Marker for Malaysia SK 405 B Project

PTTEP has announced its final investment decision (FID) for the Malaysia SK 405 B project, aimed at developing a discovered petroleum field to support long-term growth. Montri Lavanchaikul, CEO of PTTEP, revealed that PTTEP Sarawak Oil, a subsidiary in Malaysia, has decided to invest in developing the Sirung and Chenda fields offshore Malaysia. The plan includes constructing one central processing platform and one wellhead platform, with expected crude oil production starting in 2028 at approximately 15,000 barrels per day. This is the first project developed after petroleum exploration in Malaysia, designed with zero routine flaring and remote offshore operation control to reduce greenhouse gas emissions. After successfully discovering over 10 petroleum projects in Malaysia, this strategic investment marks an important starting point for further petroleum field developments in the region, strengthening the company's business and supporting long-term growth. PTTEP Sarawak Oil holds a 49.5% investment share, with Petronas Carigali at 25% and Mitsui Energy Development at 25.5%.