White & Case advises TotalEnergies on acquisition of remaining 50 percent interest in SapuraOMV

Press Release
1 min read

Global law firm White & Case LLP has advised TotalEnergies on the signing of an agreement with Sapura Upstream Assets to acquire the remaining 50 percent interest in Malaysian independent gas producer and operator SapuraOMV Upstream Sdn (SapuraOMV) for US$530 million, subject to closing adjustments.

Closing is expected during the second half of 2024. It follows a first agreement signed with OMV on January 31, 2024 for the acquisition of a 50 percent interest in SapuraOMV. After completion of both transactions, which are subject to certain conditions precedent, in particular regulatory approvals, TotalEnergies would own 100 percent of SapuraOMV.

White & Case previously advised TotalEnergies on the signing of the first agreement with OMV to acquire its 50 percent interest in SapuraOMV.

The White & Case team which advised on the transaction was led by partner Marc Petitier (Paris) and included partners Jérémie Marthan, Estelle Philippi, Valérie Ménard (all Paris), Margot Berry, Laetitia Souesme, Mukund Dhar (all London) and Francisco de Rosenzweig (Mexico City), local partner Román González Melo (Mexico City) and associates Edouard Le Breton, Etienne Branthomme, Camille Coulon, Claire Sardet, Anaïs Caspar (all Paris), David Murray, Lauren Vallender, Marina Tatsumi, Harjas Dhillon, Jake Seal, Sarah Kaylinger, Kathleen McConchie (all London), Megan Irons, Lucy Raffel, Aileen Fitzmaurice, Alistair Leung, Olivia Yan (all Sydney), Tom Carberry, (Melbourne), José Daniel Franco, Gustavo Neyra Lopez and Diego Mendoza Arrieta (all Mexico City).

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