Malaysia’s Sapura Energy to sell SapuraOMV stake to TotalEnergies for $705 million

Sapura Energy Berhad is a Malaysia-based company engaged in investment holdings and providing management services to its subsidiaries. The company operates through its five segments: Engineering & Construction, Operations & Maintenance, Drilling, Exploration & Production, and Corporate. The Engineering and Construction segment provides turnkey engineering, procurement, construction, installation and commissioning (EPCIC) solutions for the energy industry. The Operations & Maintenance division provides upgrades, modifications, remanufacturing, and corrective maintenance work to the oil and gas industry. The Drilling segment is engaged in chartering oil drilling rigs and providing drilling-related services. The Exploration and Production segment provides exploration, development and production solutions. We derive revenue from our engineering and construction businesses.

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