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Sapura Energy secures RM760 million in contract wins

08 Jan 2019

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Sapura Energy has secured RM760 million in contract wins for its Drilling and Engineering & Construction businesses. The latest achievements have lifted the value of contract wins to RM9.3 billion for its current financial year. The company’s growing order book will see a higher utilisation of its assets as it gears up for long-term growth across its Services segment.

Sapura Drilling has been awarded a contract in Angola by Cabinda Gulf Oil Company, a subsidiary of Chevron Corporation, for the provision of its semi-submersible tender assisted drilling rig, Sapura Jaya, for drilling works in the Angolan waters for a period of two years with extension options. The project entails using a first of its kind technical solution to improve efficiency for the drilling campaign.

Closer to home, Sapura Drilling has accepted an extension of its contract with Sarawak Shell Berhad and Sabah Shell Petroleum Company for the provision of Sapura Esperanza, a semi-submersible tender assisted drilling rig. The contract entails drilling three wells offshore Sarawak.

In addition, Sapura Drilling has been awarded a contract extension by PETRONAS Carigali for the provision of semi-tender assisted drilling rig, Sapura Berani. The Contract comprises the drilling of two wells at the Sumandak facility, offshore Sabah.

Meanwhile, Sapura Fabrication has been awarded a contract from PETRONAS Floating LNG 1 (L) Ltd to undertake Engineering, Procurement, Construction and Commissioning (EPCC) works for the relocation and tie-in of the PFLNG Satu (PETRONAS Floating Liquefied Natural Gas), currently located in the Kumang Cluster, offshore Sarawak.

Additionally, Hess Exploration and Production Malaysia has appointed Sapura Fabrication to perform an additional scope for offshore transportation and installation works under an existing contract for the provision of Engineering, Procurement, Construction, Commissioning plus Installation (EPCC+I) for their facilities in the north Malay Basin.

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Source: Sapura Energy

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