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Sapura Bags Five Contracts

Source: NST

Malaysian integrated oil and gas services company Sapura Energy Berhad has been awarded five new contracts valued at approximately RM1.3 billion ($US311 million).

All five contracts have been awarded to the Sapura?s wholly owned subsidiaries, with works to take place in Malaysia, Indonesia, Australia and the Gulf of Suez.

“The contract wins demonstrate Sapura Energy?s continued pursuit to deepen its presence in existing core markets, break into new markets and expand its scope of services,” said a press release.

The growing orderbook is expected to increase asset utilisation for the Group and contribute to improving its financial performance. The Group now has 10 key operating centres to execute work strategically around the globe.

Marking a new footprint in Egypt, Sapura Offshore Sdn Bhd (Sapura Offshore) has been awarded a subcontract by Pan Marine Petroleum Services Company.

The scope of work comprises the installation of six new subsea pipelines in the Gulf of Suez for the Gulf of Suez Petroleum Company (GUPCO), a joint venture between BP plc and Egyptian General Petroleum Corporation, the National Oil Company of Egypt. Works will be carried out in various locations in the Morgan field, with an expected total pipelay of approximately 57 kilometres.

For its Drilling segment, Sapura Drilling Asia Sdn Bhd (Sapura Drilling) has secured two new contracts. The first contract is from ExxonMobil Exploration and Production Malaysia Inc. for the provision of its tender assist drilling rig, Sapura T-9.

In Indonesia, Sapura Offshore, in a joint venture with PT Timas Suplindo, has won a contract from ENI East Sepinggan Limited, a subsidiary of multi-national oil company ENI S.p.A.

Undertaking its first contract for The Royal Australian Navy, Total Marine Technology Pty Ltd (TMT), a subsidiary of the Group, has been awarded key roles in the Submarine Rescue Service contract by Phoenix International (Australia) Pty Ltd.