TotalEnergies has completed its acquisition of the stakes held by OMV and Sapura Upstream Assets in SapuraOMV Upstream, resulting in TotalEnergies now holding 50% of SapuraOMV, an independent gas producer based in Malaysia.

SapuraOMV’s primary assets include a 40% operating interest in block SK408 and a 30% operating interest in block SK310, both located offshore Sarawak in Malaysia.

In 2024, SapuraOMV’s operated production is expected to reach approximately 590 million cubic feet per day (mcf/d) of natural gas, supported by the start-up of the Jerun gas field in July. This production will supply the Bintulu LNG plant operated by Petronas, along with 10,000 barrels per day (kb/d) of condensates.

The assets have production costs (ASC932) below 5 $/boe and an overall emission intensity below 10 kg CO₂e/boe.

Following the acquisition, TotalEnergies now employs around 300 people in Malaysia and holds operated interests of 40% in block SK408, 30% in block SK310, and a 40% interest in block SB412.

These new interests adds to TotalEnergies’ existing portfolio, which includes a 34.9% stake in both blocks SB-2K and SB-N, and an 85% interest in block DW2E.

Through its affiliate TotalEnergies Marketing Malaysia, the company also markets petroleum products in the country.