SapuraKencana Wins Work for USD 72M

  • Business & Finance

Malaysia’s SapuraKencana has been awarded contracts and extensions with a combined value of approximately USD 72 million (approximately RM300 million).

The first contract is for the provision of engineering, procurement, construction & commissioning (EPCC) for SIPROD on D35DP-B Project by Roc Oil. The works involve the preparation of SIPROD 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 begin in the fourth quarter of 2015 with expected completion by the first quarter of 2016.

The second award is a subcontract from main contractor, L&T Hydrocarbon Engineering Limited (LTHE) to SapuraKencana TL Offshore (SKTLO) for the additional development of the Vasai East Project in India. SKTLO’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 78 km offshore Mumbai.

The Work is expected to be completed in March 2016.

Furthermore, SapuraKencana Drilling Holdings Limited’s previously announced contract for its Semi-Tender Assist Drilling Rig “SKD Alliance” for Foxtrot International LDC (Foxtrot) in Côte d’Ivoire is now expected to be completed in August 2016, adding an additional five months to the contract.

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.

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