TotalEnergies sells 85% interest in Malaysia's offshore Block 2E to Inpex for $350 million

Type: Sale · Technology: Oil Gas · Country: Malaysia · Value: $350M · Announced: 2026-07-02

TotalEnergies has agreed to sell its 85% interest in Malaysia's offshore Block 2E to Inpex for $350 million. This divestment includes TotalEnergies' net 8.5% interest in the Marjoram gas field, which is currently under development. The transaction aligns with TotalEnergies' portfolio management strategy to monetize minority non-operated interests and focus on its operated portfolio and strategic growth opportunities in Malaysia. This move supports TotalEnergies' ambition to develop low-cost, low-emission projects, with Malaysia remaining a strategic platform for its growth strategy in Southeast Asia.

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