---
title: "EnQuest to buy Malaysian offshore assets from Petronas for $833m"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/289555160.md"
description: "EnQuest is acquiring stakes in four Malaysian offshore production sharing contracts from Petronas for up to $833 million. This major acquisition aims to boost EnQuest's production and reserves while shifting its portfolio focus, raising Southeast Asia's share of output to 69% and reducing reliance on the UK North Sea. Petronas stated that these farm-ins support long-term energy security, state participation, and technical capability building."
datetime: "2026-06-12T06:29:38.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/289555160.md)
  - [en](https://longbridge.com/en/news/289555160.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/289555160.md)
generator: "portal-rs"
---

# EnQuest to buy Malaysian offshore assets from Petronas for $833m

Major acquisition deal: EnQuest will acquire stakes in four Malaysian offshore PSCs for up to $833m, boosting production and reserves. Portfolio shift: The deal will raise Southeast Asia's share of EnQuest's output to 69%, reducing reliance on the UK North Sea. Petronas strategy: Petronas says the farm-ins support long-term energy security, state participation, and technical capability building.

### Related Stocks

- [ENQ.UK](https://longbridge.com/en/quote/ENQ.UK.md)

## Related News & Research

- [EnQuest H1 Earnings Call Highlights](https://longbridge.com/en/news/297910096.md)
- [ENQ: Production up 9% year-on-year, with Malaysia acquisition set to double output and reserves](https://longbridge.com/en/news/297903813.md)
- [Canaccord Genuity Group Downgrades EnQuest (LON:ENQ) to Buy](https://longbridge.com/en/news/298055597.md)
- [Shore Capital named joint broker to EnQuest plc](https://longbridge.com/en/news/297928993.md)
- [DEME Group (ENXTBR:DEME) Climbed, But What Is Behind The Latest Attention?](https://longbridge.com/en/news/297761692.md)

---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**