PETRONAS BOOSTS MALAYSIA’S ENERGY SECURITY WITH AWARD OF PSC FOR TEMARIS CLUSTER SMALL FIELD ASSET
Released on: Tuesday, 17 Jun 2025 2:22PM
Senior Vice President of Malaysia Petroleum Management, Datuk Ir. Bacho Pilong, together with representatives from Seascape Energy, AFED TEXCAL and POSCO International, commemorating the signing of the Temaris Cluster SFA PSC and two Technical Evaluation Agreements.
KUALA LUMPUR, June 17 (Bernama) -- PETRONAS, through Malaysia Petroleum Management (MPM), has awarded the Temaris Cluster Small Field Asset Production Sharing Contract (SFA PSC) to Seascape Energy Asia (One) Sdn Bhd, a wholly owned subsidiary of Seascape Energy Asia plc (Seascape).
Located in the Malay Basin offshore Peninsular Malaysia, the Temaris Cluster comprises the Tembakau and Mengkuang gas fields. This marks the second SFA PSC awarded from the three Discovered Resource Opportunities (DRO) clusters offered under the Malaysia Bid Round 2025 launched earlier this year.
Strategically located near existing production infrastructure, the Temaris Cluster benefits from development synergies that enable, cost efficiency and accelerated monetisation of resources.
Senior Vice President of MPM, Datuk Ir. Bacho Pilong, said, “PETRONAS is actively pursuing the development of Peninsular Malaysia's hydrocarbon resources. With an expected output of approximately 100 million standard cubic feet of gas per day (MMscfd) and first production targeted by 2029, the Temaris Cluster SFA PSC marks another milestone in our continuous efforts to support the nation’s energy security while driving sustainable growth in the industry.”
As the sole party to the SFA PSC, Seascape will mark its operational debut in Malaysia, affirming the country’s position as a leading energy investment destination.
As part of the strategic move to expand Peninsular Malaysia’s hydrocarbon resources, PETRONAS has also signed Technical Evaluation Agreement (TEA) with AFED TEXCAL Energy Ventures (AFED TEXCAL) for Langkasuka basin in the Straits of Malacca and POSCO International (POSCO) for Layang-Layang Basin off the coast of Sabah. The collaboration highlights PETRONAS’ continued commitment to activate frontier basins and advancing exploration efforts in this promising area.
PETRONAS remains committed to ensuring an optimal and sustainable supply of oil and gas for energy security, with MPM playing a crucial role in managing the country’s petroleum resources and providing stewardship for upstream petroleum activities in Malaysia.
For more information on investment opportunities in Malaysia, please visit https://www.petronas.com/mpm/
Located in the Malay Basin offshore Peninsular Malaysia, the Temaris Cluster comprises the Tembakau and Mengkuang gas fields. This marks the second SFA PSC awarded from the three Discovered Resource Opportunities (DRO) clusters offered under the Malaysia Bid Round 2025 launched earlier this year.
Strategically located near existing production infrastructure, the Temaris Cluster benefits from development synergies that enable, cost efficiency and accelerated monetisation of resources.
Senior Vice President of MPM, Datuk Ir. Bacho Pilong, said, “PETRONAS is actively pursuing the development of Peninsular Malaysia's hydrocarbon resources. With an expected output of approximately 100 million standard cubic feet of gas per day (MMscfd) and first production targeted by 2029, the Temaris Cluster SFA PSC marks another milestone in our continuous efforts to support the nation’s energy security while driving sustainable growth in the industry.”
As the sole party to the SFA PSC, Seascape will mark its operational debut in Malaysia, affirming the country’s position as a leading energy investment destination.
As part of the strategic move to expand Peninsular Malaysia’s hydrocarbon resources, PETRONAS has also signed Technical Evaluation Agreement (TEA) with AFED TEXCAL Energy Ventures (AFED TEXCAL) for Langkasuka basin in the Straits of Malacca and POSCO International (POSCO) for Layang-Layang Basin off the coast of Sabah. The collaboration highlights PETRONAS’ continued commitment to activate frontier basins and advancing exploration efforts in this promising area.
PETRONAS remains committed to ensuring an optimal and sustainable supply of oil and gas for energy security, with MPM playing a crucial role in managing the country’s petroleum resources and providing stewardship for upstream petroleum activities in Malaysia.
For more information on investment opportunities in Malaysia, please visit https://www.petronas.com/mpm/
Issued by:
Media Communications Section
Strategic Communications Department
Group Strategic Relations & Communications
PETRONAS
SOURCE: PETRONAS
FOR MORE INFORMATION, PLEASE CONTACT:
Name: Hana Nazsulaeeqa Harun
Tel: +60 10-455 3378
Email: hananazsulaeeqa.haru@petronas.com.my
--BERNAMA