TotalEnergies sells 9.9% stake in Malaysia’s block SK408 to PTTEP

French oil and gas company TotalEnergies has completed the sale of a 9.998% indirect stake in Malaysia’s block SK408 to Thailand's national upstream company PTTEP. With this sale, TotalEnergies will have a 30.002% interest in the asset. Block SK408 is a gas development project operated by TotalEnergies and forms part of the company’s upstream portfolio in Malaysia. TotalEnergies exploration and production president Nicolas Terraz said: “With this transaction, TotalEnergies ensures efficient management ...