REG-TotalEnergies SE Malaysia: TotalEnergies Completes the Acquisition of the Upstream Gas Assets of SapuraOMV

TotalEnergies SEAnnouncement

10/12/2024 14:30

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Malaysia: TotalEnergies Completes the Acquisition of the Upstream Gas Assets
of SapuraOMV

 

TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE) finalized today the acquisition
of the interests of OMV
(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Ftotalenergies.com%2Fmedia%2Fnews%2Fpress-releases%2Ftotalenergies-signs-agreement-acquisition-omvs-upstream-gas-assets&esheet=54164641&newsitemid=20241210200501&lan=en-US&anchor=OMV&index=1&md5=909020f73d9c1c81e10e3f495ff18850)
(50%) and Sapura Upstream Assets
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(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 CO(2)e/boe.

***

About TotalEnergies in Malaysia

TotalEnergies has been operating in Malaysia since 1985, and is a
long-standing partner of the national oil company Petronas. Following the
completion of the acquisition of SapuraOMV Upstream, TotalEnergies employs
about 300 people in the country, and holds operated interests of 40% in block
SK408 and 30% in block SK310, as well as a 40% interest in block SB412. These
interests round out its existing portfolio of 34.9% in both blocks SB-2K and
SB-N and 85% in block DW2E. Via its affiliate TotalEnergies Marketing
Malaysia, TotalEnergies also markets petroleum products. The Company also
signed a deal with Petronas and Mitsui in 2023 to develop a CO(2) storage
project in Southeast Asia and assess several potential 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

Media Relations: +33 (0)1 47 44 46 99 l presse@totalenergies.com
(mailto:presse@totalenergies.com) l @TotalEnergiesPR 
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Investor Relations: +33 (0)1 47 44 46 46 l ir@totalenergies.com
(mailto:ir@totalenergies.com)

@TotalEnergies
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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).



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