TotalEnergies acquiring stake in gas producer

Jack Burke Senior Editor, Compressor Tech2

January 31, 2024

50% interest in Malaysian independent

TotalEnergies will acquire 50% interest in Malaysian independent gas producer and operator SapuraOMV Upstream from OMV.

The deal, worth US$903 million (including

the transfer of a US$350 million loan granted by OMV to SapuraOMV), subject to customary closing adjustments.

SapuraOMV’s main assets are its 40% operated interest in block SK408…

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