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/exploration/11122024/totalenergies-announces-completion-of-acquisition-of-malaysia-upstream-assets/
You might also like
Energy industry faces short-term instability, yet remains optimistic about long-term prospects, DNV report reveals
The energy industry is braced for short-term uncertainty caused by global instability, but remains optimistic in the long-term, according to DNV’s annual Energy Industry Insights survey.