Seascape Energy Asia plc (LSE:SEA) has been granted full ownership of the Production Sharing Contract (PSC) for the Temaris Cluster Small Field Asset, located offshore Peninsular Malaysia. This award marks a major milestone for the company, as it takes on its first development operatorship—a critical move in expanding its regional footprint and operational capacity.
The Temaris Cluster includes two confirmed gas discoveries, Tembakau and Mengkuang, both of which are expected to help address an anticipated gas shortfall in Peninsular Malaysia. Seascape plans to pursue a cost-effective development approach using existing capital reserves and intends to submit a comprehensive Field Development and Abandonment Plan within the next 18 months.
With projected production potential exceeding 20,000 barrels of oil equivalent per day, this project positions Seascape as an emerging force in Malaysia’s oil and gas industry, with significant upside in the region’s evolving energy landscape.
About Seascape Energy Asia plc
Seascape Energy Asia plc is an exploration and production company focused on developing hydrocarbon assets across Southeast Asia. With a strategic emphasis on Malaysia, the company is working to build a diverse and high-impact portfolio through operational excellence and targeted acquisitions in key growth markets.
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