Core Points - TotalEnergies has divested an indirect interest of 9.998% in block SK408 in Malaysia to PTTEP, retaining a 30.002% interest in the block [1] - This transaction marks a significant milestone for TotalEnergies in Malaysia, following previous acquisitions in the region [1] - The partnership with PTTEP aims to enhance the management of TotalEnergies' portfolio in Malaysia and strengthen collaboration in energy resource development [2] Company Overview - TotalEnergies has been operating in Malaysia since 1985 and is a key partner of PETRONAS, making it the 3rd largest gas operator in the country [3] - The company employs approximately 300 people in Malaysia and holds interests in multiple offshore blocks, including 30.002% in block SK408 and 30% in block SK310 [3] - In 2023, TotalEnergies signed a deal with PETRONAS and Mitsui to develop a CO2 storage project in Southeast Asia [3] Industry Context - Block SK408 is a major gas development that contributes to Malaysia's energy security and is part of TotalEnergies' integrated upstream portfolio [2] - TotalEnergies is a global integrated energy company involved in various energy sectors, including oil, natural gas, renewables, and electricity [4]

Core Viewpoint - TotalEnergies has become the operator of Block S4 in Guyana, signing a production sharing contract with QatarEnergy and Petronas, following the block's award in the 2022 Licensing Round [1][6]. Group 1: Company Overview - TotalEnergies holds a 40% stake in Block S4, while QatarEnergy and Petronas hold 35% and 25% respectively [1]. - The block covers an area of 1,788 square kilometers and is located approximately 50-100 kilometers offshore [2]. - The initial work program for Block S4 includes a 2,000 square kilometer 3D seismic acquisition [2]. Group 2: Strategic Importance - TotalEnergies aims to leverage its expertise as an operator in this prolific basin, enhancing its strategic partnerships with QatarEnergy and Petronas [2]. - The project aligns with TotalEnergies' strategy of exploring for material, low-cost, and low-emission resources [2]. Group 3: Company Profile - TotalEnergies is a global integrated energy company involved in the production and marketing of various energy sources, including oil, natural gas, and renewables [3]. - The company employs over 100,000 people and operates in approximately 120 countries, emphasizing sustainability in its strategy and operations [3].