PTTEP Approves FID for First Malaysia Greenfield ProjectBangkok, February 10, 2026 – PTTEP has reached FID for the Malaysia SK405B Project, offshore Malaysia, marking a milestone of the company’s first greenfield development project in the country to support long-term growth. Montri Rawanchaikul, Chief Executive Officer, PTT Exploration and Production Public Company Limited (PTTEP), said PTTEP Sarawak Oil Limited, a subsidiary of PTTEP, the operator of SK405B PSC, had made the Final Investment Decision (FID) for the Sirung and Chenda fields in the Malaysia SK405B Project. This marks PTTEP’s first FID for greenfield development in Malaysia, one of its strategic countries. First oil production is targeted for 2028 with a combined production capacity of approximately 15,000 barrels per day. The Malaysia SK405B Project is operated by PTTEP Sarawak Oil Limited, a subsidiary of PTTEP, holding a 49.5% participating interest, with PETRONAS Carigali Sdn Bhd holding 25%, and Mitsui Energy Development Co, Ltd holding 25.5%.

Source: Bangkok Post February 10, 2026 14:26 UTC