SAPURA ENERGY BAGS RM760 MIL CONTRACTS FOR DRILLING, ENGINEERING AND CONSTRUCTIONS BUSINESSES

SAPURA ENERGY BAGS RM760 MIL CONTRACTS FOR DRILLING, ENGINEERING AND CONSTRUCTIONS BUSINESSES

KUALA LUMPUR: Sapura Energy Bhd by means of its completely possessed subsidiaries have by and large packed away RM760 million contracts for its drilling and engineering and construction organizations.

In a trade recording today, Sapura Energy said its new contract wins to date added up to RM9.3 billion for the current financial year finishing January 31 2019 (FY19).

Sapura Energy said its developing order book will see a higher use of its benefits preparing for long haul development over its service fragment.

The joined contracts declared in this are required to contribute emphatically towards profit of Sapura Energy Group for FY19 and the financial periods from that point within the contracts time frame.

Sapura Drilling has been granted a contract in Angola by Cabinda Gulf Oil Company Ltd, a subsidiary of Chevron Corp, for the provision of its semi-submersible tender helped drilling rig, Sapura Jaya.

The contract includes drilling works in the Angolan waters for a time of two years with extension options.

The project involves utilizing a first of its specialized answer for enhance productivity for the drilling effort.

Locally, Sapura Drilling has acknowledged 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 helped drilling rig.

The contract involves drilling three wells offshore Sarawak.

Sapura Drilling has likewise been granted a contract extension by Petronas Carigali Sdn Bhd for the provision of semi-tender helped drilling rig, Sapura Berani.

The contract includes the drilling of two wells at the Sumandak office, offshore Sabah.

Sapura Fabrication anchored a contract from Petronas Floating LNG 1 (L) Ltd to embrace EPCC – Engineering, Procurement, Construction And Commissioning works for the movement and tie-in of the PFLNG Satu (PETRONAS Floating Liquefied Natural Gas), right now situated in the Kumang Cluster, offshore Sarawak.

Moreover, Hess Exploration and Production Malaysia B.V. (Hess) has delegated Sapura Fabrication to play out additioinal scope for offshore transportation and establishment works under a current contract for the provision of EPCC plus installation (EPCC+I) for their offices in the North Malay Basin.

Source:https://www.nst.com.my/business/2019/01/447984/sapura-energy-bags-collective-rm760-mil-contracts-drilling-engineering-and

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