KUALA LUMPUR, Malaysia — TotalEnergies EP Malaysia (TE) will operate a new production sharing contract (PSC) offshore Sabah, Malaysia.
Block SB 2K, covering an area of 1,952 sq km in up to 3,000 m water depth, is in the province’s northwest ultradeepwater area within a proven hydrocarbon basin.
Mohamed Firouz Asnan, Petronas senior vice president of Malaysia Petroleum Management, said, “The signing of the PSC for Block 2K completes the licensing of the five ultradeepwater blocks off the coast of Sabah, along the newly identified Oligo-Miocene carbonate trend proven by Tepat-1 oil discovery in Block N in 2018.
“Block 2V was signed last year followed by blocks 2W and X early this year. A total of four wells are expected to be drilled in these ultradeepwater blocks in 2022 and 2023, to explore within this emerging hydrocarbon province.”
The five blocks have 3D seismic coverage from a recent multiclient survey.