Thursday, January 23, 2020

Sapura Energy Secures New Order

December 5, 2019

Image: Sapura Energy

Malaysian oil and gas services firm Sapura Energy has secured several new contracts and contract extensions for its engineering and construction (E&C) as well as drilling segments.

The contracts, valued at approximately RM615 million (USD 148 million), brings the total order book year-to-date to RM15.1 billion, which will increase work volume and utilization of assets.

Building on its long-term relationship, Sapura Fabrication Sdn Bhd has won a contract from Hess Exploration and Production Malaysia B.V under the PETRONAS frame agreement, for the provision of engineering, procurement, construction, commissioning plus Installation for full field development (FFD) phase 3 facilities, North Malay Basin, offshore Peninsular Malaysia.

Sapura Fabrication also undertook work on FFD Phase 1 and FFD Phase 2 Facilities for Hess.

In further demonstrating its deep water capabilities and having established a presence in Mozambique, Sapura Energy will be undertaking its first deep-water project in Area 4, Rovuma Basin, offshore Mozambique.

The contract, awarded by Mozambique Rovuma Venture S.p.A., is for the provision of a subsea installation vessel for transportation and installation of Christmas Trees.

In Brazil, Petróleo Brasileiro S.A. (Petrobras) has awarded Sapura Navegação Marítima S.A. a contract extension to charter and operate Sapura Topazio, a dynamic positioning (DP) 2 self-propelled pipelaying vessel. This is on the back of the successful completion of a five-year charter with Petrobras where the ultra-deepwater pipelay vessel had achieved 98 per cent uptime utilisation for the five-year period.

Meanwhile, for the group’s drilling segment, Sapura Drilling Asia Sdn Bhd, has been awarded a contract extension for the provision of its semi-submersible tender assist drilling rig, Sapura Esperanza, by Sarawak Shell Berhad / Sabah Shell Petroleum Company Limited.

The contract, which entails drilling six wells for Malikai phase 2 drilling campaign, offshore Sabah, will see work commencing in Q3 FY21.

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