|
Seascape Energy Asia PLC on Tuesday announced a ‘material step forward’ as it is expanding the scale and scope of its business. The Southeast Asia-focused exploration and production company said its wholly owned subsidiary Seascape Energy Asia (One) Sdn Bhd has won a 100% participating interest as operator in a small field asset production sharing contract over the Temaris Cluster offshore Malaysia. This is Seascape’s first development operatorship, representing ‘a material step forward for the company in expanding the scale and scope of its business, further building on its success in Malaysia and delivering on its ambition to materially expand the company’s portfolio in 2025,’ the company said. The company said the key terms are to deliver a field development and abandonment plan, along with specialised subsurface studies and 3D seismic reprocessing, within 18 months. SeaScape shares jumped 35% to 49.25 pence each on Tuesday morning in London. Copyright 2025 Alliance News Ltd. All Rights Reserved.
|
