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Sapura Energy secures 5 new contracts

Gasoil News - Published on Tue, 16 Apr 2019

Image Source: Sapura Energy
Sapura Energy Berhad registered a strong start to its financial year with five new contracts valued at approximately RM 1.3 billion (USD315 million) for its Engineering and Construction as well as Drilling segments. Among the new wins is the Submarine Rescue Service contract for The Royal Australian Navy, which is a first undertaking for the Group. Sapura Energy also marked a new entry into Egypt for works in the Gulf of Suez, along with other wins across Malaysia and Indonesia.

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. 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 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, 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 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. The scope comprises the provision of barge tender assisted drilling rig services for a period of three years at the Tabu field, offshore Peninsular Malaysia. Sapura Drilling has also been awarded a contract extension by PETRONAS Carigali Sdn Bhd for the provision of semi tender assisted drilling rig, Sapura Berani. The contract entails the drilling of nine wells at the Sumandak, Erb West and Dulang facilities, offshore Sabah and Peninsular Malaysia.

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. The contract is for Engineering, Procurement, Construction and Installation works of two 16-inch diameter offshore rigid pipelines from the Jangkrik facility to a future manifold near Merakes drilling centres. Works will be carried out at water depths of between 70 metres to 1400 metres. The total length of the pipeline system is approximately 95 kilometres. The scope of work includes design, fabrication and offshore installation of foreseen structures, deep water pipeline end terminations (PLETs) and in-line tee (ILT) systems for the East Sepinggan Block, East Kalimantan, Indonesia.

Source :

Posted By : Rabi Wangkhem on Tue, 16 Apr 2019
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