PTT Exploration and Production : PTTEP announces FID of its first greenfield development in Malaysia, Advancing a key milestone to support long-term growth
Bangkok, February 10, 2026 - PTTEP has reached FID for the Malaysia SK405B Project, offshore Malaysia, marking the milestone of the company's first greenfield development project in the country to support long-term growth.
Mr. Montri Rawanchaikul, Chief Executive Officer, PTT Exploration and Production Public Company Limited (PTTEP), said PTTEP Sarawak Oil Limited, a subsidiary of PTTEP, the operator of SK405B PSC, had made the Final Investment Decision (FID) for the Sirung and Chenda fields in the Malaysia SK405B Project. This marks PTTEP's first FID for greenfield developments in Malaysia, one of its strategic countries. The development plan for both fields comprises a central processing platform and a wellhead platform. First oil production is targeted during 2028 with combined production capacity of approximately 15,000 barrels per day.
The project is designed with Zero Routine Flaring and incorporates advanced remote-operated offshore operations, underscoring PTTEP's strategy to reduce greenhouse gas emissions while enhancing operational efficiency.
"Following several successful discoveries that we have made in Malaysia, the Sirung and Chenda fields represent an important step for PTTEP from exploration to development, laying the foundation for future greenfield opportunities. These developments underpin PTTEP's long-term growth and strengthen our presence in Malaysia with a focus on environmental stewardship while supporting Malaysia's energy landscape." added, Mr. Montri.
The Malaysia SK405B Project is operated by PTTEP Sarawak Oil Limited, a subsidiary of PTTEP, holding 49.5% participating interest, with PETRONAS Carigali Sdn. Bhd. holding 25%, and Mitsui Energy Development Co., Ltd. holding 25.5%.
Currently, PTTEP has invested more than 10 projects in Malaysia in exploration, development and production phases.
For media enquiries, please contact Media Management Section.
The information, statements, forecasts and projections contained herein reflect the Company's current views with respect to future events and financial performance. These views are based on assumptions subject to various risks. No assurance is given that these future events will occur, or that the Company's future assumptions are correct. Actual results may differ materially from those projected.
Attachments
Original document
Permalink
Disclaimer
PTT Exploration & Production pcl published this content on February 10, 2026, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on February 10, 2026 at 06:08 UTC.
PTT Exploration and Production Public Company Limited is a petroleum exploration and production company. The principal business operations of the Company and its subsidiaries are exploration and production of petroleum in Thailand and overseas, and related business. Its exploration and production segment is engaged in oil and gas exploration and production both domestically and overseas, including overseas gas transportation pipeline in overseas, either as an operator or as a joint venture partner with international oil and gas companies. Its overseas projects are located in Southeast Asia, the Middle East, Australia, America, Africa and others. In Thailand, it is the operator of major petroleum fields, including G1/61, G2/61, Arthit, and S1 projects. It also partners in several joint venture projects both onshore and offshore areas in the Gulf of Thailand. Overseas, it invests in many key projects as an operator including the Algeria Hassi Bir Rekaiz, Block H, and the SK410B.
This super rating is the result of a weighted average of the rankings based on the following ratings: Global Valuation (Composite), EPS Revisions (4 months), and Visibility (Composite). We recommend that you carefully review the associated descriptions.
Investor
Investor
This super composite rating is the result of a weighted average of the rankings based on the following ratings: Fundamentals (Composite), Global Valuation (Composite), EPS Revisions (1 year), and Visibility (Composite). We recommend that you carefully review the associated descriptions.
Global
Global
This composite rating is the result of an average of the rankings based on the following ratings: Fundamentals (Composite), Valuation (Composite), Financial Estimates Revisions (Composite), Consensus (Composite), and Visibility (Composite). The company must be covered by at least 4 of these 5 ratings for the calculation to be performed. We recommend that you carefully review the associated descriptions.
Quality
Quality
This composite rating is the result of an average of the rankings based on the following ratings: Capital Efficiency (Composite), Quality of Financial Reporting (Composite), and Financial Health (Composite). The company must be covered by at least 2 of these 3 ratings for the calculation to be performed. We recommend that you carefully review the associated descriptions.
ESG MSCI
ESG MSCI
The MSCI ESG score assesses a company’s environmental, social, and governance practices relative to its industry peers. Companies are rated from CCC (laggard) to AAA (leader). This rating helps investors incorporate sustainability risks and opportunities into their investment decisions.
PTT Exploration and Production : PTTEP announces FID of its first greenfield development in Malaysia, Advancing a key milestone to support long-term growth
