SapuraKencana nets $72M in contracts
- Business & Finance
SapuraKencana Petroleum’s subsidiary companies have been awarded contracts and extensions with a combined value of approximately $72 million in Malaysia, India and Ivory Coast.
SapuraKencana HL Sdn Bhd has been awarded a contract for the provision of engineering, procurement, construction & commissioning (EPCC) for simultaneous production and drilling on D35DP-B Project, offshore Malaysia, by Roc Oil.
According to SapuraKencana’s Bursa Malaysia filing, the works involve the preparation of simultaneous production and drilling package on D35DP-B platform for a drilling campaign and subsequent well tie-in activities.
The contract is for a period of approximately four months and works are expected to start in the fourth quarter of 2015 with expected completion by the first quarter of 2016, the company said.
Vasai East Project in India
In addition, SapuraKencana TL Offshore Sdn Bhd has been awarded a subcontract from main contractor, L&T Hydrocarbon Engineering Limited, for the additional development of the Vasai East Project in India.
The company’s scope of work under the subcontract is for the installation of structures and pipelines and other subsea work at Vasai East which is located in the Arabian Sea approximately 78km offshore Mumbai. The work is expected to be completed in March 2016.
SKD Alliance gains extension
SapuraKencana Drilling Holdings Limited’s previously announced contract for its semi-tender assist drilling Rig “SKD Alliance” for Foxtrot International LDC in Côte d’Ivoire is now expected to be completed in August 2016, adding an additional five months to the contract, SapuraKencana said.
Additionally, Foxtrot still retains the option to extend the contract by three additional wells, which if exercised, will keep the SKD Alliance on contract until the final quarter of 2016.