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Sapura Energy wins contracts worth $185 mln

Jan 08, 2019
2 min read
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Malaysia’s Sapura Energy Berhad (Sapura Energy) said it has secured RM760 million (US$185 million) in contract wins for its drilling and engineering and construction businesses.

The latest orders have lifted the value of contract wins to RM9.3 billion for its current financial year, Sapura said in a statement, helping the company see a higher utilisation of its assets as it gears up for long-term growth across its services segment.

Among the multiple contract wins, Sapura Drilling has been awarded a contract in Angola by Cabinda Gulf Oil Company Limited, 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 Limited 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 Sdn Bhd 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 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 B.V. (Hess) has appointed Sapura Fabrication to perform an additional scope for offshore transportation and installation works under an existing contract for the provision of EPCC plus installation for their facilities in the north Malay Basin.

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