SET-listed PTT Exploration and Production (PTTEP) has decided to invest in a new offshore petroleum site in Malaysia, the company's first greenfield development project in the country, in a move to support long-term growth. PTTEP Sarawak Oil Limited, a subsidiary of PTTEP and the operator of the SK405B project, has made a final investment decision (FID) for the Sirung and Chenda fields in the Malaysian SK405B project. "This marks our first FID for greenfield developments in Malaysia, one of our strategic countries," said PTTEP chief executive Montri Rawanchaikul. First oil production is targeted for 2028, with a combined production capacity of approximately 15,000 barrels per day, said Mr Montri. PTTEP Sarawak Oil holds a 49.5% participating interest in the SK405B project, with Petronas Carigali Sdn Bhd holding 25% and Mitsui Energy Development Co holding 25.5%.

Source: Bangkok Post February 10, 2026 23:42 UTC