TotalEnergies: acquisition of upstream gas assets in Malaysia
SapuraOMV's main assets are its 40% operated interest in Block SK408 and its 30% operated interest in Block SK310, off the coast of Sarawak, Malaysia. On block SK408, the Jerun gas field is scheduled to come on stream in the second half of 2024.
The transaction is subject to customary conditions, including regulatory approvals. TotalEnergies expects to finalize the transaction by the end of the first half of 2024.
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