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 covering the Lang Lebah and B14 gas fields offshore Sarawak, Malaysia. Once completed, KUFPEC will hold 25% in each field, while TotalEnergies will hold 30% and operate both projects. The financial value of the agreements was not disclosed. The agreements create opportunities for corporate finance advisers, energy investors, legal firms and international project partners. HPC can support transaction research, investor introductions and cross-border business-development partnerships.