TotalEnergies Completes the Acquisition of the Upstream Gas Assets of SapuraOM
12.11.2024 By Tank Terminals - NEWS

December 11, 2024 [Total Energies]- TotalEnergies finalized the acquisition of the interests of OMV (50%) and Sapura Upstream Assets (50%) in SapuraOMV Upstream (SapuraOMV), an independent gas producer in Malaisia.

 

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 2024, SapuraOMV’s operated production (100%), supported by the start-up of the Jerun gas field in July, is expected to reach approximately 590 Mcf/d of natural gas, feeding the Bintulu LNG plant operated by Petronas, as well as 10 kb/d of condensates. The assets have production costs (ASC932) below 5 $/boe and an overall emission intensity below 10 kg CO2e/boe.

 

Free Trial: Access 13,300 Tank Terminal and Production Facilities

13,300 tank storage and production facilities as per the date of this article. Click on the button and register to get instant access to actionable tank storage industry data

Moeve Approves FID for Andalusian Green Hydrogen Valley
03.02.2026 - NEWS
March 02, 2026 [Tank Storage Magazine]- Moeve has approved the Final Investment Decision (FID) of... Read More
Trafigura, Venture Global Sign Five‑Year US LNG supply deal
03.02.2026 - NEWS
March 02, 2026 [Reuters]- Venture Global has agreed to sell about 0.5 million tonnes per annum (M... Read More
Japex to Exit Vietnam LNG Terminal Project
03.02.2026 - NEWS
March 02, 2026 [Offshore Technology]- Japan Petroleum Exploration (Japex) has announced its decis... Read More
Mexico's Pemex Narrows Losses in Last Quarter of 2025
03.02.2026 - NEWS
March 02, 2026 [Reuters]- Mexican state energy company Pemex narrowed losses sharply in the fourt... Read More