Energy companies announce major offshore developments in Indonesia and Malaysia

PT Prima Petroleum Energy (Prima Energi) has reached a final investment decision for Phase 1 of the Ande-Ande Lumut (AAL) heavy-oil project in Indonesia's Natuna Sea. The development, located in 70 meters of water, has an estimated capital expenditure of $515 million. The project aims to achieve first oil by 2028, utilizing a six-pile platform with 16 well slots and a spread-moored FSO vessel for storage. The field holds certified resources of 56.4 million barrels of oil.

In Malaysia, TotalEnergies has signed agreements to acquire a 30% operated interest in the Lang Lebah and B14 gas fields off the coast of Sarawak. The project is being developed in partnership with PETRONAS Carigali, PTTEP, and KUFPEC. This integrated development is expected to unlock over 6.5 trillion cubic feet of gas resources to supply the Malaysia LNG liquefaction plant, supporting growing LNG demand in Asia.