TotalEnergies Closes $1.4B Acquisition of Malaysia’s SapuraOMV
Transaction Type
Sellers
Buyers
Announce Date
Post Date
Close Date
Estimated Price
1400BB
Description
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.