TotalEnergies Signs an Agreement in View of Acquiring the Remaining 50% of SapuraOMV, a Significant Upstream Gas Operator in Malaysia
22 Abril 2024 - 7:32AM
Business Wire
Regulatory News:
TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE) has signed an
agreement with Sapura Upstream Assets Sdn Bhd (SUA) to acquire its
50% interest in Malaysian independent gas producer and operator
SapuraOMV Upstream Sdn (SapuraOMV) for a consideration of $530
million, subject to closing adjustments. Closing is expected in the
second half of 2024.
This agreement follows a first agreement signed with OMV on
January 31st, 2024, for the acquisition of its 50% interest in
SapuraOMV.
After completion of both transactions, which are subject to some
conditions precedent, in particular regulatory approvals,
TotalEnergies would own 100% of SapuraOMV.
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%) was about 500 Mcf/d of natural gas, feeding the
Bintulu LNG plant operated by Petronas, as well as 7 kb/d of
condensates. On block SK408, the development of Jerun gas field is
on track for a startup in the second half of 2024. SapuraOMV also
holds interests in exploration licenses in Malaysia, Australia, New
Zealand and Mexico, where a discovery was made in 2023 on block
30.
“Following the transaction with OMV announced two months ago and
this new transaction with Sapura Upstream Assets, TotalEnergies
will have full ownership of SapuraOMV and become a significant gas
operator in Malaysia,” said Patrick Pouyanné, Chairman and CEO
of TotalEnergies. “The SapuraOMV assets are fully in line with
our strategy to grow our gas production to meet demand growth,
focusing our portfolio on low-cost and low-emission assets. We look
forward to strengthening our global partnership with Petronas in
Malaysia, a country where we see further development opportunities
for our Company.”
***
About TotalEnergies in Malaysia TotalEnergies owns
interests in two PSCs in exploration phase and signed in June 2023
an agreement with Petronas and Mitsui to develop a carbon storage
project in Southeast Asia and evaluate several CO2 storage sites in
the Malay Basin.
About TotalEnergies TotalEnergies is a global integrated
energy company that produces and markets energies: oil and
biofuels, natural gas and green gases, renewables and electricity.
Our more than 100,000 employees are committed to provide as many
people as possible with energy that is more reliable, more
affordable and more sustainable. Active in about 120 countries,
TotalEnergies places sustainability at the heart of its strategy,
its projects and its operations.
@TotalEnergies TotalEnergies TotalEnergies
TotalEnergies
Cautionary Note The terms “TotalEnergies”, “TotalEnergies
company” or “Company” in this document are used to designate
TotalEnergies SE and the consolidated entities that are directly or
indirectly controlled by TotalEnergies SE. Likewise, the words
“we”, “us” and “our” may also be used to refer to these entities or
to their employees. The entities in which TotalEnergies SE directly
or indirectly owns a shareholding are separate legal entities. This
document may contain forward-looking information and statements
that are based on a number of economic data and assumptions made in
a given economic, competitive and regulatory environment. They may
prove to be inaccurate in the future and are subject to a number of
risk factors. Neither TotalEnergies SE nor any of its subsidiaries
assumes any obligation to update publicly any forward-looking
information or statement, objectives or trends contained in this
document whether as a result of new information, future events or
otherwise. Information concerning risk factors, that may affect
TotalEnergies’ financial results or activities is provided in the
most recent Universal Registration Document, the French-language
version of which is filed by TotalEnergies SE with the French
securities regulator Autorité des Marchés Financiers (AMF), and in
the Form 20-F filed with the United States Securities and Exchange
Commission (SEC).
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240422916948/en/
TotalEnergies Media Relations: +33 (0)1 47 44 46 99 l
presse@totalenergies.com l @TotalEnergiesPR Investor Relations: +33
(0)1 47 44 46 46 l ir@totalenergies.com
TotalEnergies (NYSE:TTE)
Gráfico Histórico do Ativo
De Jun 2024 até Jul 2024
TotalEnergies (NYSE:TTE)
Gráfico Histórico do Ativo
De Jul 2023 até Jul 2024