PTT Exploration and Production Public Co. Ltd. (PTTEP) has reached a ?nal investment decision (FID) to develop the Malaysia SK405B project offshore Malaysia. PTT Exploration and Production Public Co. Ltd. (PTTEP) has reached a ?nal investment decision (FID) to develop the Malaysia SK405B project offshore Malaysia, marking its ?rst green?eld development project in the country. PTTEP Sarawak Oil Ltd., a subsidiary of PTTEP and operator of SK405B PSC will proceed with development of Sirung and Chenda ?elds.
the development plan for both ?elds comprises a central processing platform and a wellhead platform with a target combined production capacity of about 15,000 b/d and 200 MMscfd of gas. SK405B lies in shallow water offshore Sarawak.
the ?eld development plan, together with the FID, has been approved by the project partners, and the engineering, procurement, construction, installation, and commissioning (EPCIC) contract is expected to be signed in early 2026, with ?rst production anticipated in 2028