Malaysia’s Sapura Energy has been granted new contracts and contract augmentation in Angola and Malaysia with a joined estimation of around RM760 million ($184.8M).
The agreements were granted to Sapura’s entirely claimed auxiliaries for drilling and engineering and construction services.
In Angola, Sapura Energy Angola LDA has been granted an agreement for the provision of a semi-submersible tender helped drilling rig, Sapura Jaya, and drilling services for Cabinda Gulf Oil Company, a backup of Chevron.
The extent of the agreement involves the provision of a semi-submersible tender helped drilling rig for a time of two years beginning in the Q2 FY2020 with a further two conceivable extensions of a half year in the Angolan waters.
In Malaysia, Sapura Drilling has acknowledged the activity of the choices of its contract extension with Sarawak Shell Berhad/Sabah Shell Petroleum Company Limited for the provision of its semi-submersible tender helped drilling rig, Sapura Esperanza.
These alternatives involve the drilling of three wells including one shallow clastic well and two wells plug and deserting for endless supply of current F14 Phase 2a drilling effort, in offshore Sarawak. The business related to the three wells is relied upon to be finished by Q1 FY2020.
Likewise in Malaysia, Sapura Drilling Asia has been granted a letter of agreement expansion by Petronas for the provision of semi-tender helped drilling rig, Sapura Berani. The extent of the agreement involves the drilling of two wells at Sumandak facility, offshore Sabah. The work is relied upon to be finished by Q1 FY2020.
In the building and development business, Sapura Fabrication has been granted an contract in Malaysia to attempt the provision for designing, acquisition, development and authorizing of PFLNG 1 migration and tie in by Petronas.
The contract extent of work includes engineering, procurement, construction, onshore testing, pre-authorizing and offshore connect and charging for the movement and tie in of PFLNG 1 from current area at Kumang Cluster, offshore Sarawak. The agreement is relied upon to be finished by Q3 FY2020.
Moreover, Sapura Fabrication is required by Hess Exploration and Production Malaysia to play out the extra scope for offshore transportation and establishment under the current contract for the provision of engineering, procurement, construction, commissioning plus installation (EPCC+I) for FFD Phase 2 Facilities, North Malay Basin that was reported on February 5, 2018. The agreement is relied upon to be finished by Q2 FY2020.