SapuraKencana nets $125M in new contracts

SapuraKencana Petroleum’s wholly-owned subsidiary companies have been awarded new contracts and contract extensions related to drilling and engineering and construction services with a combined value of approximately $125 million. 

In the drilling sector, SapuraKencana Drilling Tioman has been awarded a contract by JX Nippon Oil & Gas Exploration (Malaysia) for the provision of semi-submersible tender assist drilling rig SKD Berani. The contract is for JX Nippon’s development drilling campaign offshore Malaysia which comprises of three firm wells of approximately total duration of 150 days as minimum; and two option wells if exercised. The contract is expected to start by July 2016.

Further, SapuraKencana Drilling Jaya has accepted an extension to its contract with BP Trinidad & Tobago for the provision of its semi-submersible tender assist drilling rig SKD Jaya.

BPTT has extended the use of the SKD Jaya for its development drilling campaign offshore Trinidad & Tobago for an additional one well for approximately 45 days and additional work on an existing well for approximately 60 days.

In the engineering and construction sector, SapuraKencana HL has been awarded a contract by SapuraKencana Energy Sarawak for the provision of procurement and construction for the topside package and jacket package for SK310 B15 development. The contract is for a period of approximately 14 months and is expected to be completed by the second quarter of 2017.

SapuraKencana Petroleum recently signed the SK310 gas sales agreement in relation to the production of gas from the B15 gas field, offshore Malaysia, between Petronas as gas buyer and the SK310 Production Sharing Contract (PSC) contractors as joint sellers.

In addition, one of the company’s subsidiaries, SapuraKencana Australia, has completed a light well intervention project for Woodside Petroleum. The company provided an integrated services solution for the project. The work was performed using the SapuraKencana’s assets, including the SID Light Well Intervention system and vessel SapuraKencana Constructor.

SapuraKencana Australia has now been awarded a contract by Woodside Energy Julimar for phases of the Balnaves decommissioning project for the Balnaves field which is located offshore North-West Australia. This work includes the project management, engineering and offshore execution for the removal of certain subsea infrastructure associated with the Balnaves field. The contract is for a duration of approximately six months.

In addition, SapuraKencana Australia has been awarded a light well intervention contract on call-off basis by Shell Australia. The company is supplying an integrated service solution for Light Well Intervention services utilizing SapuraKencana’s Light Well Intervention System and vessel. The contract is for a duration for five years.

Furthermore, SapuraKencana HL has been awarded a contract by BASF Petronas Chemicals for the procurement, fabrication, construction, installation and pre-commissioning work for the Infrastructure and Utility Upgrading Projects.

The works involve the provision of supervision, manpower, equipment and materials to carry out the construction, installation and pre-commissioning of three packages; boiler, condensate polishing unit and used firefighting water system, complete with common facilities. The contract is for a period of approximately nine months.

SapuraKencana HL has also been awarded a contract by Selex ES Malaysia for the provision of Front End Engineering Design (FEED) & Engineering, Procurement, Construction, Installation and Commissioning (EPCIC) of the Radio Shortwave Support System (RS3) Project for Petronas Offshore Facilities off the West Coast of Sabah. The contract is for a period of approximately 19 months.

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