(Source: Taljat David/Shutterstock.com)
France’s TotalEnergies said Dec. 10 it closed its purchase of SapuraOMV, acquiring both OMV and Sapura Upstream Asset’s 50% interests in the Malaysian independent gas producer.
TotalEnergies paid considerations of $530 million to Sapura Upstream and $957 million to OMV for the shares, OMV said in a separate release.
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.
The gas producer’s 2024 operated production, supported by the start-up of the Jerun gas field in July, is expected to reach approximately 590 MMcf/d of natural gas. In 2023, production reached approximately 500 MMcf/d of natural gas, TotalEnergies said in its release.
The gas will feed the Bintulu LNG plant operated by Petronas, as well as 10,000 bbl/d of condensates. SapuraOMV’s assets have an overall emission intensity below 10 kg CO2e/boe, the release stated.
SapuraOMV also holds interests in exploration licenses in Malaysia, Australia, New Zealand and Mexico, where a discovery was made in 2023 on Block 30, TotalEnergies reported in April.
Recommended Reading
FERC Gives KMI Approval on $72MM Gulf Coast Expansion Project
2024-11-29 - Kinder Morgan’s Texas-Louisiana upgrade will add 467 MMcf/d in natural gas capacity.
Federal Regulators Give Venture Global Permission to Introduce Natural Gas Into LNG Plant
2024-11-06 - Federal regulators have given Venture Global LNG permission to introduce natural gas into its Plaquemines export plant in Louisiana.
Sable Offshore Plans Restart of Subsea Pipeline After 2015 Shutdown
2024-10-08 - Sable Offshore Corp. says the permits needed to begin operations on the Santa Ynez line offshore California, which shut down due to an oil leak in 2015, are not yet in place.
First Permits for Enbridge’s Line 5 Re-Route Issued in Wisconsin
2024-11-15 - Wisconsin’s Department of Natural Resources approved an environmental plan to move Enbridge’s Line 5 pipeline’s path off of a tribal reservation.
Boardwalk Project Steps Up in Competitive Southeast Market
2024-12-12 - Boardwalk Pipelines' Kosciusko Junction project has reached FID as power generation and data centers’ energy demand pull natural gas to the eastern Gulf Coast.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.