TotalEnergies to Buy OMV’s Malaysia Assets for $903 Million
TotalEnergies headquarters in Paris.
Photographer: Nathan Laine/BloombergThis article is for subscribers only.
TotalEnergies SE agreed to buy OMV AG’s stake in an independent Malaysian natural gas producer for $903 million, increasing the French energy giant’s presence in southeast Asia.
SapuraOMV, headquartered in Kuala Lumpur, is a joint venture between Sapura Energy Berhad and OMV. It has production and development assets in shallow waters off Malaysia, as well as exploration interests in Mexico, Australia, and New Zealand.