Sapura Energy bags contracts worth RM760mil

PETALING JAYA: Oil and gas company Sapura Energy Bhd has secured contracts worth RM760mil in Angola and Malaysia that boosted the combined value of project wins in current financial year ending Jan 31, 2019 to RM9.3bil.

The company, in a statement on Monday, said the growing order book will see a higher utilisation of its assets.

In Angola, the company has secured a two-year drilling contract with extension options.

“The project entails using a first of its kind technical solution to improve efficiency for the drilling campaign,” it said.

In Sarawak, Sapura Drilling has accepted an extension of its contract with Sarawak Shell Bhd and Sabah Shell Petroleum Co Ltd for the provision of Sapura Esperanza, a semi-submersible tender assisted drilling rig.

“The contract entails drilling three wells offshore Sarawak,” it said.

In addition, Sapura Drilling was 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 was 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.

Source: TheStar