Sapura Energy and OMV have formed a strategic partnership to create a joint venture aimed at enhancing their operational capabilities and market presence in the oil and gas sector.

Target Information

Sapura Energy Berhad, a prominent energy services provider based in Malaysia, focuses on providing integrated oil and gas solutions across the upstream sector. The company offers a range of services, including drilling, subsea construction, and installation support. With its subsidiaries and joint ventures, Sapura Energy has established a strong presence in various regions, contributing to its strategic objectives of growth and diversification in the energy market.

In a significant move, Sapura Energy entered a partnership with OMV Aktiengesellschaft, a leading Austrian oil and gas company. This partnership aims to capitalize on Sapura Energy's operational strengths and OMV's extensive experience in exploration and production. The deal involves OMV Exploration and Production GmbH acquiring a 50 percent stake in the newly formed joint venture, SEB Upstream Sdn Bhd (SUP). The enterprise value of this joint venture is positioned at approximately USD 1.6 billion, with equity valued at USD 1.25 billion and associated debt of USD 350 million.

Industry Overview in Malaysia

Malaysia's oil and gas sector is one of the major contributors to the country's economy, driven by a mix of government-owned and private enterprises. The sector has seen growth due to significant investments in exploration and produ