M&A Deal Summary

TotalEnergies Acquires SapuraOMV Upstream

On January 31, 2024, TotalEnergies acquired oil/gas exploration company SapuraOMV Upstream from Sapura Energy and OMV for 903M USD

Acquisition Highlights
  • This is TotalEnergies’ 6th transaction in the Oil/Gas Exploration sector.
  • This is TotalEnergies’ 4th largest (disclosed) transaction.
  • This is TotalEnergies’ 1st transaction in Malaysia.

M&A Deal Summary
Date 2024-01-31
Target SapuraOMV Upstream
Sector Oil/Gas Exploration
Buyer(s) TotalEnergies
Sellers(s) Sapura Energy
OMV
Deal Type Divestiture
Deal Value 903M USD

Target

SapuraOMV Upstream

Kuala Lumpur, Malaysia
SapuraOMV Upstream is an independent gas producer. SapuraOMV Upstream was formed in 2004 and is based in Kuala Lumpur, Malaysia.

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Buyer(S) 1

Buyer

TotalEnergies

Courbevoie, France
Category Company
Founded 1924
Sector Oil/Gas Exploration
Employees102,579
Revenue 218.9B USD (2023)
DESCRIPTION

TotalEnergies is a global integrated energy company that produces and markets energies: oil and biofuels, natural gas and green gases, renewables, and electricity. TotalEnergies was founded in 1924 and is based in Courbevoie, France.

DEAL STATS #
Overall 22 of 22
Sector (Oil/Gas Exploration) 6 of 6
Type (Divestiture) 8 of 8
Country (Malaysia) 1 of 1
Year (2024) 2 of 2
Size (of disclosed) 4 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-23 Kyon Energy

Munich, Germany

Kyon Energy is a developer of battery storage systems with very competitive connection costs of which 120 MW are already in operation, 350 MW are under construction and 300 MW are ready to build. Kyon Energy was formed in 2021 and is based in Munich.

Buy €90M

Seller(S) 2

SELLER

Sapura Energy

Mines Resort City, Malaysia
Category Company
Founded 2011
Sector Oil/Gas Exploration
DESCRIPTION

Sapura Energy is an oil and gas services company. Sapura Energy was founded in 2011 and is based in Mines Resort City, Malaysia.

DEAL STATS #
Overall 1 of 1
Sector (Oil/Gas Exploration) 1 of 1
Type (Divestiture) 1 of 1
Country (Malaysia) 1 of 1
Year (2024) 1 of 1
Size (of disclosed) 1 of 1
SELLER

OMV

Vienna, Austria
Category Company
Founded 1956
Sector Oil/Gas Exploration
Employees21,182
Revenue 39.5B EUR (2023)
DESCRIPTION

OMV is an integrated, international oil and gas company. The company operates in three segments: Exploration and Production (E&P), Gas and Power (G&P), and Refining and Marketing, including Petrochemicals (R&M). OMV was founded in 1956 and is based in Vienna, Austria.

DEAL STATS #
Overall 2 of 2
Sector (Oil/Gas Exploration) 1 of 1
Type (Divestiture) 1 of 1
Country (Malaysia) 1 of 1
Year (2024) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-12-15 Gas Connect Austria

Vienna, Austria

Gas Connect Austria GmbH operates an approximately 900 km long natural gas high-pressure pipeline grid in Austria and markets transportation capacity to meet domestic natural gas demand and support export to Europe.

Sell -
Mergr

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