M&A Deal Summary

TotalEnergies Acquires SapuraOMV Upstream

On January 31, 2024, TotalEnergies acquired oil/gas exploration company SapuraOMV Upstream from Vantris 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) Vantris 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
Employees62,796
Revenue 195.6B USD (2024)
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 25
Sector: Oil/Gas Exploration M&A 6 of 7
Type: Divestiture M&A Deals 8 of 8
Country: Malaysia M&A 1 of 1
Year: 2024 M&A 2 of 3
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
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-12-04 VSB Holding

Dresden, Germany

VSB Holding is an European developer, owner, and operator in the renewable energy sector. VSB operates throughout the renewable energy value chain, from the development of projects to asset management and the technical and commercial management of operational sites, as well as having a broad offering in energy solutions. VSB has successfully developed and built over 1.1GW of onshore wind and solar PV generating assets to-date and manages over 1.4GW of wind assets. VSB Holding was founded in 1996 and is based in Dresden, Germany.

Buy -

Seller(S) 2

SELLER

Vantris Energy

Kuala Lumpur, Malaysia

Category Company
Founded 2011
Sector Energy Services and Equipment
Employees1,534
Revenue 4.7B MYR (2025)
DESCRIPTION

Vantris Energy provides integrated energy services and solutions. Sapura Energy was founded in 2011 and is based in Kuala Lumpur, Malaysia.


DEAL STATS #
Overall 1 of 1
Sector: Oil/Gas Exploration M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: Malaysia M&A 1 of 1
Year: 2024 M&A 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-08-08 Clough - Marine Construction Division

Australia

Clough's offshore Marine Construction Division includes the derrick lay barge, Java Constructor, and associated marine construction equipment. Also included will be Clough’s interest in the Clough Helix Joint Venture, which operates the chartered Normand Clough vessel, and its investments in specialist engineering businesses, OFI and Peritus. Relevant contracts including the Chevron Gorgon Domestic Gas pipeline project are proposed to be novated.

Buy AU$127M
SELLER

OMV

Vienna, Austria

Category Company
Founded 1956
Sector Oil/Gas Exploration
Employees22,912
Revenue 34.0B EUR (2024)
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 M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: Malaysia M&A 1 of 1
Year: 2024 M&A 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 -