TotalEnergies has agreed to acquire a 30% operated interest in the Lang Lebah and B14 gas fields offshore Sarawak, Malaysia, from partners PETRONAS Carigali, PTTEP and KUFPEC, the companies said on 2 November 2026.
Why TotalEnergies SE is buying 30% operated interest in the Lang Lebah and B14 gas fields
TotalEnergies said the fields hold more than 6.5 trillion cubic feet of gas and will allow the creation of another large-scale gas hub in Malaysia, building on its 2024 acquisition of SapuraOMV and its expanded partnership with PETRONAS in 2025.
“The development of Lang Lebah and B14 resources will allow the creation of another large-scale gas hub in Malaysia”
Deal terms and financing
The deal was structured as a series of farm-out agreements. On completion TotalEnergies EP Exploration (Sarawak) will hold 30% and operate, with PTTEP and KUFPEC Malaysia (SK-410B) each holding 25% and PETRONAS Carigali 20%. No consideration was disclosed.
Regulatory approvals and timing
Completion is subject to regulatory approvals, including from Malaysia Petroleum Management.
Market context
Lang Lebah, part of the SK410B project, and B14 are in pre-development. The integrated project is planned to reach about 10bn cubic metres a year (about 970m cubic feet a day) of gas for the Malaysia LNG liquefaction complex.
