TotalEnergies buys Sapura Energy's 50% stake in SapuraOMV Upstream for $530 million.
TotalEnergies has agreed to buy Sapura Energy's 50% stake in Malaysian natural gas producer SapuraOMV Upstream for $530 million. The acquisition follows TotalEnergies' prior agreement with OMV on January 31, 2024, to purchase its 50% share in SapuraOMV. After completing the transactions, TotalEnergies will own 100% of SapuraOMV, which has operated production of around 500 Mcf/d of natural gas in 2023.
April 22, 2024
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