TotalEnergies expands presence with PETRONAS deal


PETALING JAYA: TotalEnergies SE has enlarged its upstream portfolio in Malaysia through the acquisition of interests in several offshore blocks from Petroliam Nasional Bhd (PETRONAS).

In a statement, PETRONAS said it inked a strategic cooperation agreement (SCA) and two farm-out agreements with TotalEnergies to “broaden their upstream collaboration in Malaysia”.

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PETRONAS , TotalEnergies , acquisition , upstream

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