MARKETS

TotalEnergies to buy SapuraOMV Malaysia assets in US$903m deal

Japanese, Middle East and European companies have emerged as favourites to acquire the remaining stake in SapuraOMV after TotalEnergies agreed to pay US$903 million for the OMV subsidiary in Malaysia. Significantly, the deal will help strengthen TotalEnergies relationship with Malaysian national energy company Petronas.

Colin Hay
 TotalEnergies

TotalEnergies

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 2023, SapuraOMV's operated production (100%)...

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