PTTEP contracted Seadrill drillship West Capella for a 440-day Malaysia program starting in 2Q 2026, alongside multiple drillship extensions and a West Elara North Sea P&A campaign update.
BMI says Malaysia will remain a major oil and gas investment location as PETRONAS maintains about RM50 billion in upstream capex, expands overseas assets and advances CCS and LNG-related spending.
TotalEnergies divests an indirect 9.998% of Malaysia’s SK408 to PTTEP via AzurVista Resources, while retaining 30.002%. The block produces gas and condensate with ongoing development.
Valaris will warm-stack its MS-1 and DPS-1 semi-subs in Malaysia after completing contracts in Australia by end-2025.
Malaysia has proposed a 2,000 MW offshore wind project in collaboration with Vietnam and Singapore, aiming to start operations in 2034. Of this capacity, 700 MW will be used domestically while 1,300 MW will be exported to Singapore.
