Core Viewpoint - PTTEP has made a final investment decision for the Malaysia SK405B Project, marking its first greenfield venture in the country with a focus on environmental sustainability [1][2]. Group 1: Project Details - The SK405B project includes the Sirung and Chenda fields, with plans for a central processing platform and a wellhead platform [2]. - Initial oil production is expected to commence in 2028, with a projected combined output of approximately 15,000 barrels per day (bpd) [2]. Group 2: Environmental Commitment - The project will implement Zero Routine Flaring initiatives and advanced remote-operated offshore operations to prioritize environmental considerations [1][3]. - PTTEP's strategy aims to reduce greenhouse gas emissions and enhance operational efficiency [3]. Group 3: Company Positioning - PTTEP Sarawak Oil holds a 49.5% interest in the SK405B Project, while PETRONAS Carigali and Mitsui Energy Development own 25% and 25.5%, respectively [4]. - PTTEP is currently involved in over ten projects across Malaysia, encompassing exploration, development, and production activities [4]. Group 4: Strategic Growth - The development of the Sirung and Chenda fields is seen as a significant step for PTTEP from exploration to development, laying the groundwork for future greenfield opportunities [3]. - The project supports PTTEP's long-term growth and strengthens its presence in Malaysia while focusing on environmental stewardship [4].