Malaysia

Synergy for growth 
 

• Building on current capabilities to create one of the leading international oil companies (IOCs) in Asia-Pacific
• Kuala Lumpur as a base for regional growthSapuraOMV, headquartered in Kuala Lumpur is a 50:50 joint venture between Sapura Energy Berhad and OMV Aktiengesellschaft.

Sapura Energy is a leading global integrated oil and gas operator and solutions provider, with a wide spectrum of capabilities covering exploration, development, production, rejuvenation, as well as decommissioning and abandonment.

OMV, one of Austria's largest listed Industrial companies, produces and markets oil and gas, as well as chemical products and solutions in a responsible way and develops innovative solutions for a circular economy.

In Upstream, OMV has a strong base in Romania and Austria, and a balanced international portfolio, with Russia, North Sea, Middle East & Africa and Asia-Pacific as further core regions.

The strategic partnership agreement, effective 31 January 2019, is a key milestone for both Sapura Energy and OMV, in their journey to create one of the leading independent oil and gas companies in Asia-Pacific.
 

A track record of safe and cost-efficient exploration, development and production plus the ‘energy for a better life’.

SapuraOMV Upstream has a strong portfolio in producing gas and condensate assets in Malaysia as well as exploration interests in Mexico, Australia and New Zealand.

The partnership has identified Malaysia as its hub to expand into Asia Pacific, and its combined strengths and expertise will pave the way for the joint venture to become a leading independent oil and gas company. 

In Malaysia, PETRONAS has entrusted SapuraOMV through its operating subsidiaries to operate Blocks SK310 and jointly operate Block SK408 with Sarawak Shell.

With an 18-year operating history, SapuraOMV is recognized for its ability to add value across the exploration, development and production lifecycle through the application of advanced and cost-efficient solutions, while maintaining an excellent safety record.

SapuraOMV produced over 30 kboe/d in 2021. The company’s ambition is to reach a production of 100 kboe/d via organic growth and mergers & acquisitions within the next 5 to 8 years.
 

A culture of safety: Work safe, Home safe.

SapuraOMV has a reputation for its excellent safety performance – the result of a sustainable safety culture embedded through mindful leadership – and strict compliance to established safety management systems. 

As of February 2022, SapuraOMV clocked more than 1,289,898 man-hours without Lost Time Injury (LTI) or Major Loss of Primary Containment (LOPC). Our last LTI was on July 19, 2021. 

B15, Larak and Bakong clocked over 3.8 million safe man-hours, whilst the Jerun project saw more than 1 million man-hours on February 28 2022 without LTIs despite a tight schedule and challenging working conditions.

The number one collective responsibility and priority for SapuraOMV is to ensure our people arrive at work safely and reach home safely.
 

Milestones
 

• 2004 Established as Newfield Malaysia. Acquired 50% working interest in Block AAKBNLP, offshore Peninsular Malaysia. Two oil-producing fields on the AAKBNLP Block, namely Penara and North Lukut came onstream. Signed Production Sharing Contract with PETRONAS for the adjacent Block PM318.
• 2005 Signed Production Sharing Contract for PM323 offshore Peninsular Malaysia. Appointed by PETRONAS as operator of the Block.
• 2008 First Oil from PM318, through the Puteri field. First Oil from PM323 through East Belumut and Chermingat fields. Signed another two Production Sharing Contracts, for Blocks PM329, offshore Peninsula Malaysia and SK310, offshore Sarawak.
• 2010 West Belumut (PM323) came onstream. Gas discovery at B15, Block SK310, offshore Sarawak.
• 2011 East Piatu (PM329) came onstream.
• 2012 Signed Production Sharing Contract for Block SK408 offshore, Sarawak.
• 2013 Gas discovery at B14, on Block SK310, offshore Sarawak.
• 2014 Sapura Energy acquired Newfield Malaysia, later renamed as Sapura E&P. Gas discoveries at Bakong Teja, Gorek, Legundi & Larak prospects, on Block SK408, offshore Sarawak.
• 2016 Gas discoveries at Jerun & Jerimin, on Block SK408, offshore Sarawak.
• 2017 Sapura E&P announced First production from B15 field, on Block SK310. Gas discoveries at Pepulut & Jarak, Block SK408, offshore Sarawak.
• 2018 Sapura E&P, with partners DEA and Premier Oil, signed Production Sharing Contract with CNH Mexico for highly contested Block 30, in the Gulf of Mexico. Farmed into three exploration permits, held by Finder Exploration, in North-West Shelf, offshore Western Australia. Signed agreements with OMV New Zealand and Mitsui E&P Australia to farm into five exploration permits in Taranaki Basin, offshore New Zealand.
• 2019 Established SapuraOMV Upstream, following strategic partnership between Sapura Energy and OMV Exploration & Production. Seismic acquisition in Block 30 off the coastline of Tabasco, in the Southern Gulf of Mexico. First Gas from Larak field from SK408, offshore Sarawak.
• 2020 Gorek, Larak and Bakong (GoLaBa) SK408, offshore Sarawak came onstream. Made an oil discovery at Toutouwai — located in the Taranaki Basin, New Zealand. SapuraOMV and JV partners were awarded 2 exploration blocks in Western Australia. 
• 2021 SapuraOMV and JV partners took FID for the Jerun Gas field development. SapuraOMV together with Santos Ltd. farmed in into AC/P50 block. Together with Santos Ltd. and Neptune Energy, we were awarded 3 exploration permits in Western Australia in the 2019 bid round. SapuraOMV has completed the transaction of its entire interests in the PM assets (PM323, PM329, PM318 and AAKBNLP PSC) to Jadestone Energy PLC (Jadestone) on August 1, 2021.
• 2022 Relinquished EP483 TP/25 and AC/P 61 in Western Australia. Presently SapuraOMV has 5 exploration permits in Western Australia. SapuraOMV and partner PTTEP signed Production Sharing Contract with PETRONAS for SB412, offshore, Sabah.