White & Case Advised French Energy Group TotalEnergies on Stake in Malaysia’s SapuraOMV
The deal was worth $903 million
By: : Linda John
Update: 2024-02-23 03:00 GMT
White & Case Advised French Energy Group TotalEnergies on Stake in Malaysia’s SapuraOMV The deal was worth $903 million International law firm White & Case has advised TotalEnergies, a French multinational integrated energy and petroleum company on its acquisition of a 50 percent stake in Malaysia-headquartered SapuraOMV from Austrian oil and gas company OMV. Founded in...
White & Case Advised French Energy Group TotalEnergies on Stake in Malaysia’s SapuraOMV
The deal was worth $903 million
International law firm White & Case has advised TotalEnergies, a French multinational integrated energy and petroleum company on its acquisition of a 50 percent stake in Malaysia-headquartered SapuraOMV from Austrian oil and gas company OMV.
Founded in 1924, TotalEnergies is one of the seven supermajor oil companies.
SapuraOMV was established in 2018 as a 50-50 joint venture between Malaysia’s Sapura Energy and OMV. It holds a 40 percent and 30 percent operating interest in blocks SK408 and SK310 respectively. These are located offshore Sarawak in Malaysia. SapuraOMV also has exploration interests in Mexico, Australia and New Zealand.
The White & Case team included partners Marc Petitier, Jérémie Marthan, Estelle Philippi, Valérie Ménard, Margot Berry, Laetitia Souesme, Mukund Dhar and Francisco de Rosenzweig, and local partner Roman Gonzalez Melo.