Total in new ultra-deep exploration

TOTAL Energies, Shell and Petronas have agreed to explore an ultra-deepwater block off the coast of Sabah, Malaysia, in a deal signed off on last week.

Total in new ultra-deep exploration Total in new ultra-deep exploration Total in new ultra-deep exploration Total in new ultra-deep exploration Total in new ultra-deep exploration

Mohamed Firouz Asnan

In terms of the production sharing contract, TotalEnergies as operator will take a 34.9% interest, Petronas takes 40% working interest in Block SB 2K. Shell, through two subsidiaries will hold 25.