New RM760mil Contracts for Sapura Energy

NEW RM760MIL CONTRACTS FOR SAPURA ENERGY

KUALA LUMPUR: Shares in SAPURA ENERGY Bhd ascended in early exchange Tuesday on account of the granting of its new RM760

mil worth of agreements.

The integrated oil and gas organization saw its offers rose 5.26%, or 1.5 sen to 30 in an early exchange. It is the third most dynamic counter with 36.6 million offers traded.

SAPURA ENERGY said the new contracts of RM760mil in Angola and Malaysia helped the consolidated estimation of task wins in current financial year finishing Jan 31, 2019, to RM9.3bil.

It said the developing the order book will see higher use of its benefits.

In Angola, the organization has anchored a two-year drilling contract with expansion alternatives.

“The venture involves utilizing a first of its specialized tech solution for enhancing proficiency for the drilling campaign,” it said.

In Sarawak, Sapura Drilling has acknowledged an augmentation of its agreement with Sarawak Shell Bhd and Sabah Shell Petroleum Co Ltd for the arrangement of Sapura Esperanza, a semi-submersible delicate assisted drilling apparatus.

What’s more, Sapura Drilling was granted an agreement augmentation by Petronas Carigali Sdn Bhd for the arrangement of semi-tender helped penetrating apparatus, Sapura Berani.

Source:https://www.thestar.com.my/business/business-news/2019/01/08/sapura-energy-shares-jump-on-new-rm760mil-contracts/

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