TotalEnergies Acquires SapuraOMV Upstream Gas Interests in Malaysia
December 10, 2024
TotalEnergies completed the acquisition of the upstream gas interests held by OMV and Sapura (each 50%) in SapuraOMV Upstream, giving it operated stakes in blocks SK408 and SK310 offshore Sarawak. The deal strengthens TotalEnergies' upstream gas position in Malaysia and secures additional feed for the Bintulu LNG plant while keeping production costs and emissions intensity low.
- Buyers
- TotalEnergies
- Targets
- SapuraOMV Upstream (SapuraOMV)
- Sellers
- OMV, Sapura Upstream Assets
- Industry
- Oil & Gas
- Location
- Sarawak, Malaysia
- Transaction Type
- Buyout
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