Acquisitions and Divestitures News in Malaysia

PETRONAS Strengthens Collaboration in Sabah, Inks Equity Deal with SMJ Energy
7/17/2025 - Petroliam Nasional Berhad (PETRONAS), through its subsidiary PETRONAS LNG Sdn. Bhd. (PLSB), signed a Heads of Agreement (HoA) with SMJ Energy Sdn. Bhd (SMJ Energy) to formalise the terms for a 25% equ...
Idemitsu Kosan Announces Acquisition of Interests in Oil & Gas Blocks in Malaysia
6/19/2025 - Idemitsu Kosan Co.,Ltd. (Head office: Chiyoda-ku, Tokyo; Representative Director, President: Noriaki Sakai, hereinafter referred to as “Idemitsu”) has acquired interests in two blocks located off the ...
TotalEnergies Expands Malaysia’s Portfolio Strengthening its Strategic Partnership with PETRONAS
6/16/2025 - On the occasion of Energy Asia 2025 in Kuala Lumpur, TotalEnergies announces the acquisition from PETRONAS of interests in multiple blocks offshore Malaysia and in one block offshore Indonesia, where ...
Seascape Energy Asia Announces Audited Full Year Results to 31 December 2024
5/23/2025 - Seascape Energy, an E&P company focused on Southeast Asia, announces its full year results for the 12 months ended 31 December 2024.

Highlights

Corporate
- Completed stra...
PETRONAS and PETROVIETNAM Strengthen Partnership with 20-Year PSC and UGSA Extension for PM3 CAA
4/9/2025 - PETRONAS, through Malaysia Petroleum Management (MPM), and Vietnam Oil and Gas Group (PETROVIETNAM) signed a Key Principles Agreement (KPA) to extend the Production Sharing Contract (PSC) and Upstream...
Seascape Energy Completes Block 2A Farm-out
3/18/2025 - Seascape Energy, an E&P company focused on Southeast Asia, is pleased to announce it has completed the farm-out of a 42.5% participating interest in the Block 2A Production Sharing Contract (the "PSC"...
Seascape Energy Provides Corporate Update & Outlook
2/6/2025 - Seascape Energy, an E&P company focused on Southeast Asia, is pleased to provide the following corporate update and outlook for 2025.

Block 2A Farm-Out

Completion of the previous...
Seascape Energy Announces Successful Block 2A Farm-Out
12/2/2024 - Seascape Energy, an E&P company focused on Southeast Asia, is pleased to announce the successful farm-out of a 42.5% participating interest in the Block 2A Production Sharing Contract (the "PSC" or "B...
EnQuest awarded DEWA Complex Cluster Small Field Asset PSC in Malaysia
10/21/2024 - EnQuest PLC, an independent oil and gas production and development company, listed on the London stock exchange, is pleased to announce its wholly-owned affiliate, EnQuest Petroleum Production Malaysi...
Award of DEWA Complex Cluster SFA ("Small Field Area") PSC Malaysia
10/21/2024 - Seascape Energy, an E&P company focused on Southeast Asia, is pleased to announce that it has been awarded a 28% participating interest in a Small Field Asset Production Sharing Contract ("SFA PSC") o...
Hibiscus Petroleum Farms in for 30% Participating Interest in the PM327 PSC
8/23/2024 - Hibiscus Petroleum Berhad (HIBI: MK) (“Hibiscus Petroleum”, the “Company”) wishes to announce that its indirect wholly-owned subsidiary, Straits Hibiscus Sdn Bhd has signed an agreement to acquire a 3...
Jadestone Energy Announces Award of SFA Cluster PSC Offshore Peninsular Malaysia
7/26/2024 - Jadestone Energy plc (“Jadestone”, or the “Company”), an independent upstream company focused on the Asia-Pacific region, is pleased to announce that through the Malaysia Bid Round Plus (“MBR+”), it h...
Upland Announces Continuing PSC Discussions
7/22/2024 - As Upland nears its AGM on July 30th in London, the company is pleased to confirm that it is in continuing communication with the Sarawak Government. The Sarawak State Government is the final authorit...
PETRONAS Awards NBE Cluster PSC to Fuel Long Term Energy Needs
6/27/2024 - PETRONAS, through Malaysia Petroleum Management (MPM), signed a Small Field Asset (SFA) Production Sharing Contract (PSC) with Vestigo Petroleum Sdn Bhd (Vestigo) for a Discovered Resource Opportunit...
Longboat Announces Strategic Pivot to focus on Southeast Asia
6/17/2024 - Longboat Energy, an emerging E&P company, announces the strategic pivot of the business to focus on Southeast Asia following the sale of its 50.1% holding in Longboat JAPEX Norge AS ("LJN"), announced...
Upland Announces Joint Venture and Rig Reservation
4/22/2024 - Upland Resources Limited announced on 22nd January 2024 the formation of the Finance & Investment Committee, whose mandate encompasses a number of critical functions, including the oversight of joint ...
TotalEnergies Signs an Agreement for the Acquisition of OMV’s Upstream Gas Assets in Malaysia
1/31/2024 - TotalEnergies has signed an agreement with OMV to acquire its 50% interest in Malaysian independent gas producer and operator SapuraOMV Upstream Sdn (SapuraOMV) for a consideration of $903 million (in...
PETRONAS, PTTEP Sign MoU & Operational Agreements for Blocks SK405B and SK410B
12/22/2023 - PETRONAS Carigali Sdn Bhd (PETRONAS Carigali), a wholly-owned subsidiary of PETRONAS, has signed a Memorandum of Understanding (MoU) and two Technical Assistance Agreements (TAAs) with PTT Exploration...
Longboat Energy Announces Completion of SE Asia Acquisition
12/21/2023 - Longboat Energy, an emerging full-cycle E&P company active in Norway and Malaysia, is pleased to announce the completion of the acquisition of privately held Topaz Number One Limited ("Topaz"), thereb...
CGG to Acquire 8,000 km of Multi-Client Data Offshore Malaysia
11/15/2023 - CGG, in association with PETRONAS, has announced the start of the Selat Melaka 2D multi-client seismic program over the Langkasuka Basin offshore Malaysia. Located in the Malacca Strait, the project h...

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