TotalEnergies announces completion of acquisition of Malaysia upstream assets
Published by Alfred Hamer,
Editorial Assistant
Oilfield Technology,
TotalEnergies has announced that it has finalised the acquisition of the interests of OMV (50%) and Sapura Upstream Assets (50%) in SapuraOMV Upstream, an independent gas producer in Malaysia.
SapuraOMV’s main assets are its 40% operated interest in block SK408 and 30% operated interest in block SK310, both located offshore Sarawak in Malaysia. In 2024, SapuraOMV’s operated production (100%), supported by the start-up of the Jerun gas field in July, is expected to reach approximately 590 million f3/d of natural gas, feeding the Bintulu LNG plant operated by Petronas, as well as 10 thousand bpd of condensates. The assets have production costs (ASC932) below US5$/boe and an overall emission intensity below 10 kg CO2e/boe.
Read the article online at: https://www.oilfieldtechnology.com/drilling-and-production/11122024/totalenergies-announces-completion-of-acquisition-of-malaysia-upstream-assets/
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