Malaysia: TotalEnergies Completes the Acquisition of the Upstream Gas Assets of SapuraOMV
TotalEnergies has completed the acquisition of SapuraOMV, acquiring 100% interest through purchasing OMV's 50% and Sapura Upstream Assets' 50% stakes. The key assets include a 40% operated interest in block SK408 and 30% operated interest in block SK310, both located offshore Sarawak, Malaysia.
The operations are expected to reach approximately 590 Mcf/d of natural gas production in 2024, supported by the Jerun gas field startup in July. The production will supply the Bintulu LNG plant operated by Petronas, along with 10 kb/d of condensates. The assets demonstrate strong operational efficiency with production costs below $5/boe and emission intensity under 10 kg CO2e/boe.
TotalEnergies ha completato l'acquisizione di SapuraOMV, ottenendo il 100% di partecipazione attraverso l'acquisto delle quote del 50% di OMV e del 50% di Sapura Upstream Assets. I principali asset includono un interesse operato del 40% nel blocco SK408 e un interesse operato del 30% nel blocco SK310, entrambi situati al largo di Sarawak, in Malaysia.
Le operazioni dovrebbero raggiungere circa 590 Mcf/d di produzione di gas naturale nel 2024, supportate dall'avvio del giacimento di gas Jerun a luglio. La produzione fornirà l'impianto LNG di Bintulu gestito da Petronas, insieme a 10 kb/d di condensati. Gli asset mostrano una forte efficienza operativa con costi di produzione inferiori a $5/boe e intensità di emissione sotto i 10 kg CO2e/boe.
TotalEnergies ha completado la adquisición de SapuraOMV, obteniendo el 100% de participación al comprar el 50% de OMV y el 50% de Sapura Upstream Assets. Los activos clave incluyen un interés operado del 40% en el bloque SK408 y un interés operado del 30% en el bloque SK310, ambos ubicados en alta mar frente a Sarawak, Malasia.
Se espera que las operaciones alcancen aproximadamente 590 Mcf/d de producción de gas natural en 2024, respaldadas por el inicio del campo de gas Jerun en julio. La producción abastecerá la planta de LNG de Bintulu operada por Petronas, junto con 10 kb/d de condensados. Los activos demuestran una fuerte eficiencia operativa con costos de producción por debajo de $5/boe y una intensidad de emisiones inferior a 10 kg CO2e/boe.
TotalEnergies는 SapuraOMV의 인수를 완료하여 OMV의 50%와 Sapura Upstream Assets의 50% 지분을 구매하여 100%의 지분을 확보했습니다. 주요 자산으로는 말레이시아 사라왁 해안에서 위치한 SK408 블록의 40% 운영 지분과 SK310 블록의 30% 운영 지분이 포함됩니다.
2024년에는 약 590 Mcf/d의 천연가스 생산에 도달할 것으로 예상되며, 이는 7월에 시작되는 Jerun 가스전의 지원을 받습니다. 생산량은 Petronas가 운영하는 Bintulu LNG 공장에 공급될 예정이며, 10 kb/d의 콘덴세이드도 포함됩니다. 자산은 $5/boe 이하의 생산 비용과 10 kg CO2e/boe 이하의 배출 강도로 강력한 운영 효율성을 나타냅니다.
TotalEnergies a terminé l'acquisition de SapuraOMV, en obtenant 100% des parts en achetant les 50% d'OMV et les 50% d'Avoirs en amont de Sapura. Les actifs clés comprennent un intérêt opérationnel de 40% dans le bloc SK408 et un intérêt opérationnel de 30% dans le bloc SK310, tous deux situés au large de Sarawak, en Malaisie.
Les opérations devraient atteindre environ 590 Mcf/d de production de gaz naturel en 2024, soutenues par le démarrage du champ gazier de Jerun en juillet. La production alimentera l'usine de GNL de Bintulu exploitée par Petronas, ainsi que 10 kb/d de condensats. Les actifs démontrent une forte efficacité opérationnelle avec des coûts de production inférieurs à 5 $/boe et une intensité d'émission inférieure à 10 kg CO2e/boe.
TotalEnergies hat die Übernahme von SapuraOMV abgeschlossen und 100% der Anteile durch den Kauf von 50% von OMV und 50% von Sapura Upstream Assets erworben. Die wichtigsten Vermögenswerte umfassen eine 40% betriebliche Beteiligung am Block SK408 und eine 30% betriebliche Beteiligung am Block SK310, die sich vor der Küste von Sarawak, Malaysia, befinden.
Es wird erwartet, dass die Betriebe 2024 etwa 590 Mcf/d an Erdgasproduktion erreichen, unterstützt durch den Start des Jerun-Gasfeldes im Juli. Die Produktion wird die von Petronas betriebene Bintulu-LNG-Anlage versorgen, zusammen mit 10 kb/d an Kondensaten. Die Vermögenswerte zeigen eine hohe Betriebseffizienz mit Produktionskosten von unter 5 $/boe und einer Emissionsintensität von unter 10 kg CO2e/boe.
- Acquisition provides immediate access to significant gas production of 590 Mcf/d expected in 2024
- Low production costs below $5/boe indicate strong operational efficiency
- Low emission intensity below 10 kg CO2e/boe aligns with environmental standards
- Strategic assets feeding into established Bintulu LNG infrastructure
- None.
Insights
This strategic acquisition strengthens TotalEnergies' position in Malaysia's natural gas market, adding significant production capacity of 590 Mcf/d of natural gas and 10 kb/d of condensates in 2024. The assets' remarkably low production costs of under $5/boe and low emission intensity of under 10 kg CO2e/boe make this a highly efficient operation that should positively impact TotalEnergies' margins. The Jerun gas field start-up in July provides immediate cash flow contribution and enhances the company's LNG portfolio through the Bintulu plant connection. This acquisition aligns with TotalEnergies' strategy to expand its low-cost, low-emission gas operations while strengthening its presence in key Asian markets.
The acquisition of SapuraOMV's assets represents a strategic enhancement of TotalEnergies' natural gas portfolio in Southeast Asia. The Bintulu LNG connection is particularly valuable, as it provides direct access to premium Asian LNG markets. The operational metrics are impressive - the sub-5 $/boe production costs position these assets among the most competitive in the region. The low emission intensity aligns with the growing demand for cleaner energy sources in Asia. The timing of this acquisition, coinciding with the Jerun field startup, minimizes integration risks and ensures immediate production contribution.
TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE) finalized today the acquisition of the interests of OMV (
SapuraOMV’s main assets are its
***
About TotalEnergies in
TotalEnergies has been operating in
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/20241210496600/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
Source: TotalEnergies SE
FAQ
What assets did TotalEnergies (TTE) acquire in Malaysia?
What is the expected gas production from TotalEnergies' newly acquired Malaysian assets in 2024?
What are the production costs and emission intensity of TotalEnergies' new Malaysian assets?
