KUFPEC Signs Farm-Out Agreements for Two Malaysian Gas Fields

On 2 November, Kuwait Foreign Petroleum Exploration Company (KUFPEC) announced farm-out agreements with TotalEnergies, PTTEP and PETRONAS Carigali for the Lang Lebah and B14 gas fields offshore Sarawak, Malaysia. KUFPEC is expected to retain a 25% interest in each field, subject to completion of the agreements. Financial transaction values were not disclosed. The deals create opportunities for energy investors, corporate finance advisers and international legal firms. HPC can support transaction research, investor introductions and cross-border partnerships.

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