On 12 September 2018 Sapura Energy Bhd announced that it had signed a heads of agreement with OMV AG to form a strategic partnership, to create âsustainable long-term growth [and] expand(ed) portfoliosâ.Â  The transaction is thought to be worth around USD 1.6 billion.  Under the terms of the agreement OMV is to acquire a 50% interest in Sapuraâs wholly owned subsidiary Sapura Upstream Sdn Bhd.  The companies reported that it allows them to expand their acreage positions and better opportunities within the upstream energy sector.  Within Australasia, OMV holds interest in two Australian permits, in the North Carnarvon Basin, and ten New Zealand permits across the Taranaki, East Coast and Great South basins.Â  Sapura has interest in three Australian permits, also within the North Carnarvon Basin, and in five of OMVâs Taranaki Basin permits.
Australia, not found