KUALA LUMPUR: Sapura Energy Bhd via its wholly owned subsidiaries have collectively bagged RM760 million contracts for its drilling and engineering and construction businesses.
In an exchange filing today, Sapura Energy said its new contract wins to date amounted to RM9.3 billion for the current financial year ending January 31 2019 (FY19).
Sapura Energy said its growing orderbook will see a higher utilisation of its assets gearing up for long-term growth across its services segment.
The combined contracts announced herein are expected to contribute positively towards earnings of Sapura Energy Group for FY19 and the financial periods thereafter within the contracts period.
Sapura Drilling has been awarded a contract in Angola by Cabinda Gulf Oil Company Ltd, a subsidiary of Chevron Corp, for the provision of its semi-submersible tender assisted drilling rig, Sapura Jaya.
The contract involves drilling works in the Angolan waters for a period of two years with extension options.
The project entails using a first of its kind technical solution to improve efficiency for the drilling campaign.
Locally, Sapura Drilling has accepted an extension of its contract with Sarawak Shell Bhd and Sabah Shell Petroleum Company Ltd for the provision of Sapura Esperanza, a semi-submersible tender assisted drilling rig.
The contract entails drilling three wells offshore Sarawak.
Sapura Drilling has also been awarded a contract extension by Petronas Carigali Sdn Bhd for the provision of semi-tender assisted drilling rig, Sapura Berani.
The contract comprises the drilling of two wells at the Sumandak facility, offshore Sabah.
Sapura Fabrication secured a contract from Petronas Floating LNG 1 (L) Ltd to undertake engineering, procurement, construction and commissioning (EPCC) works for the relocation and tie-in of the PFLNG Satu (PETRONAS Floating Liquefied Natural Gas), currently located in the Kumang Cluster, offshore Sarawak.
Additionally, Hess Exploration and Production Malaysia B.V. (Hess) has appointed Sapura Fabrication to perform an additional scope for offshore transportation and installation works under an existing contract for the provision of EPCC plus installation (EPCC+I) for their facilities in the North Malay Basin.