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.