Deal Insight

OMV to acquire 50% of Sapura Energy's upstream business for US$800 million

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24 September 2018

OMV to acquire 50% of Sapura Energy's upstream business for US$800 million

Report summary

OMV has agreed to purchase 50% of Sapura Energy's upstream business for US$800 million. The two companies are now in exclusive negotiations and the deal is expected to be finalised by the end of 2018. The transaction is focused on Sapura's sizeable discovered gas resource offshore Sarawak and its potential for near-term monetisation as feedgas into the Bintulu LNG plant (MLNG). Sapura owns four PSCs on the Peninsula side – PM318, PM323, PM 329, AAKBNLP – which are late-life, producing oil fields. On the Sarawak side, SK310 was brought onstream in late-2017, with the first phase of SK408 sanctioned in Q1 2018. This deal will also enable OMV to gain access to several exploration blocks: Blocks SB331 and SB332 onshore Sabah (Malaysia); Blocks EP 483 & TP/25, WA-412-P and AC/P 61 in Australia; Blocks PEP 51906, PEP 57075, PEP 60091, PEP 60092 and PEP 60093 in New Zealand; and a 30% interest in Area 30 in Mexico.

Table of contents

  • Executive summary
  • Transaction details
  • Upstream assets
  • Deal analysis
  • Upsides and risks
  • Strategic rationale
  • Oil & gas pricing and assumptions

Tables and charts

This report includes 7 images and tables including:

  • Executive summary: Table 1
  • Upstream assets: Table 1
  • Deal analysis: Table 1
  • Deal analysis: Table 2
  • Oil & gas pricing and assumptions: Table 1
  • Oil & gas pricing and assumptions: Table 2
  • Oil & gas pricing and assumptions: Table 3

What's included

This report contains:

  • Document

    OMV to acquire 50% of Sapura Energy's upstream business for US$800 million

    PDF 754.10 KB

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