SapuraKencana Bags $65M in Contracts
- Business & Finance
SapuraKencana TL Offshore (SKTLO), a wholly-owned subsidiary of SapuraKencana Petroleum Berhad, has been awarded new contracts for work in Malaysia and in Vietnam with a combined value of approximately USD 65.3 million.
The contracts were awarded by Repsol Oil and Gas Malaysia, MISC Offshore Floating Terminals, PTSC Offshore Services, Petronas and ExxonMobil.
The Repsol contract will see SKTLO provide transportation and installation of offshore facilities for BOC-BOD pipeline replacement tie-in project. The scope of work consists of subsea tie-in of spools to be executed at Bunga Orkid development located at Northern field of PM3 commercial arrangement area, North-East of Peninsular Malaysia, bordering Vietnam and Thailand. The contract is for a period of approximately 1 month.
MISC Offshore Floating Terminals contracted SKTLO for the provision for demobilisation of floating storage and offloading (FSO) ABU Project . The scope of work consists of a base scope for demobilisation and offloading of an FSO which is located approximately 320km offshore of Kertih, Terengganu, Malaysia in the ABU cluster field at Block PM-318 and optional scope for the towing of the FSO and installation of FSO temporary mooring arrangement at the lay-up area. The MISC Contract is for a period of approximately 5 months.
For PTSC Offshore Services, SKTLO will execute offshore installation of LQ jacket, piles and appurtenances (base scope) and module 1 (optional scope). The work location is at Su Tu Trang Field within the Vietnamese water. The PTSC contract is for a period of approximately 3 months.
The Petronas contract is for transportation and installation of pipeline, substructure and topside for F12 gas development project. The work will be executed approximately 180km offshore of North West of Bintulu, Sarawak, Malaysia. The contract is for a period of approximately 8 months.
Lastly, the contract awarded by ExxonMobil Exploration and Production Malaysia Inc. (EMEPMI) is for the provision of transportation and installation of offshore facilities for Guntong pipelay project. The scope of work consists of transportation and installation of one new pipeline from Tapis Q to Guntong C. The work should begin after the seasonal monsoon from around March 2017 and is expected to end in May 2017.