Sapura Energy nets $185 million in new contracts

  • Business & Finance

Malaysia’s Sapura Energy has secured three new contracts and two contract extensions worth approximately RM774 million ($185M), bringing the value of its cumulative contract wins year-to-date to about RM3.1 billion ($739.4M).

Sapura T-17; Source: Sapura Energy

With these new wins, the company will be executing works in Malaysia, Thailand, and Brunei, the company said on Friday.

Sapura Fabrication has been awarded a contract from Brunei Shell Petroleum Company (BSP) for the provision of Engineering, Procurement, Construction and Installation (EPCI) works for the Salman Project in Brunei. The project is divided into two parts consisting of the Salman greenfield scope and the Egret East greenfield scope.

The Salman greenfield scope entails EPCI works and support for hook-up, pre-commissioning and commissioning of wellhead platform and substructures, pipelines and umbilical, water and chemical injection module, along with a construction yard upgrade. The Egret East greenfield scope consists of Front-End Engineering Design (FEED) services with an optional EPCI scope for wellhead platforms, substructures and pipelines.

In Malaysia, Sapura Fabrication has been awarded a contract from Petronas Carigali for the provision of Procurement, Construction, Hook-up and Commissioning (PCC), and start-up works of BNJTK BN-84 well tie-in for Bardegg-2 and the Baronia Enhanced Oil Recovery (EOR) Development Project.

For its Drilling segment, Sapura Drilling Asia Limited has secured a contract with PTT Exploration and Production Public Company Limited for the provision of its tender-assist drilling rig, Sapura T-17, for the Bongkot gas field in the Gulf of Thailand.

Meanwhile, Sapura Drilling Asia has been awarded a contract extension by Petronas Carigali for the provision of its semi-submersible tender-assist drilling rig, Sapura Berani. The contract entails the drilling of five additional wells in Erb West, offshore Sabah and the Dulang facilities, offshore Peninsular Malaysia.

In addition, Sapura Drilling was awarded a one-year contract extension by BSP for the provision of its semi-submersible tender-assist drilling rig, Sapura Pelaut.

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