The French oil major kicked off its investment here by taking over SapuraOVM Upstream from Austria-based OMV and Sapura Energy last year. The acquisition gave the company operating interest in two blocks off Sarawak, mainly gas fields.
Before 2023, TotalEnergies SE had nothing in Malaysia, as its chairman and CEO Patrick Pouyanné points out to The Edge Malaysia. Now, the French oil major has eight trillion cubic feet (Tcf) of gas reserves in the country.
Malaysia — with its gas basins, position in the centre of Southeast Asia and proximity to the Far East countries of China, Japan and South Korea, as well as India — is seen as a prime anchor point for TotalEnergies’ expansion in the region.
