Sapura Energy bags new deals in Angola and Malaysia
- Business & Finance
Malaysia’s Sapura Energy has been awarded new contracts and contract extension in Angola and Malaysia with a combined value of approximately RM760 million ($184.8M).
The contracts were awarded to Sapura’s wholly-owned subsidiaries for drilling and engineering & construction services.
In Angola, Sapura Energy Angola LDA has been awarded a contract for the provision of a semi-submersible tender assisted drilling rig, Sapura Jaya, and drilling services for Cabinda Gulf Oil Company, a subsidiary of Chevron.
The scope of the contract comprises the provision of a semi-submersible tender assisted drilling rig for a period of two years starting in the Q2 FY2020 with a further two possible extensions of six months in the Angolan waters.
In Malaysia, Sapura Drilling has accepted the exercise of the options of its contract extension with Sarawak Shell Berhad / Sabah Shell Petroleum Company Limited for the provision of its semi-submersible tender assisted drilling rig, Sapura Esperanza.
These options entail the drilling of three wells including one shallow clastic well and two wells plug and abandonment for E11 upon completion of current F14 Phase 2a drilling campaign, in offshore Sarawak. The work related to the three wells is expected to be completed by Q1 FY2020.
Also in Malaysia, Sapura Drilling Asia has been awarded a letter of contract extension by Petronas for the provision of semi-tender assisted drilling rig, Sapura Berani. The scope of the contract entails the drilling of two wells at Sumandak facility, offshore Sabah. The work is expected to be completed by Q1 FY2020.
In the engineering & construction business, Sapura Fabrication has been awarded a contract in Malaysia to undertake the provision for engineering, procurement, construction and commissioning (EPCC) of PFLNG 1 relocation and tie in by Petronas.
The contract scope of work comprises engineering, procurement, construction, onshore testing, pre-commissioning and offshore hook-up and commissioning for the relocation and tie in of PFLNG 1 from current location at Kumang Cluster, offshore Sarawak. The contract is expected to be completed by Q3 FY2020.
Furthermore, Sapura Fabrication is required by Hess Exploration and Production Malaysia to perform the additional scope for offshore transportation and installation under the existing contract for the provision of engineering, procurement, construction, commissioning plus installation (EPCC+I) for FFD Phase 2 Facilities, North Malay Basin that was announced on February 5, 2018. The contract is expected to be completed by Q2 FY2020.