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Sapura Energy wins $449m in new orders

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Malaysia’s Sapura Energy has steadily worked away since the beginning of the year and picked up nine new contracts worth MYR1.8bn ($448.5m) in Malaysia, Australia, India and Mexico.

Sapura Energy said in a stock market announcement that the recent contract wins have brought the accumulated value of its contract wins to MYR4.5bn.

"The combined value represents a three-fold jump or an increase of nearly 250% compared to the value achieved in the same corresponding period of the previous year, between February to June 2017,” the oil and gas services provider said.

"These new contract wins are a continuation of our strategy to expand our global footprint. We have had a strong and consistent growth from east to west, successfully strengthening our presence in existing markets while penetrating new markets and forging new partnerships.

"Through its wholly-owned subsidiaries, the Group will be executing a series of diverse jobs across the upstream value chain in Malaysia, Australia, India and Mexico," said president and group ceo Shahril Shamsuddin.

In Malaysia, Sapura Drilling Asia has been awarded a contract for the provision of its semi-submersible self-erecting tender assist drilling rig, Sapura Berani, and drilling services from Petronas Carigali for three wells in Malaysian waters.

Sapura Drilling had also accepted an extension of its contract with Sarawak Shell/Sabah Shell Petroleum (Shell) for the provision of its semi-tender assist drilling rig Sapura Esperanza.

The purpose built semi-submersible self-erecting tender assist drilling rig Sapura Esperanza will be used for one well for Shell in F14, offshore Sarawak and two wells for EnQuest at the Seligi field in Block PM8, offshore Terengganu.

Meanwhile, Sapura Fabrication has been awarded a contract by its wholly-owned subsidiary, Sapura Exploration and Production (Sarawak) for the provision of Engineering, Procurement and Construction (EPC) for SK408 Larak and Bakong Development Project.

The fields will be developed as two separate wellhead platforms tied back to the existing processing facility and the Petronas MLNG complex in Bintulu.

Sapura Fabrication has also been awarded a contract by Sarawak Shell for the provision of EPC for SK408E Gorek Development and F6 Brownfield Integrated Module Project comprising EPC works for the Gorek wellhead platform and the new Brownfield Integrated Module on the F6 processing complex.

In Australia, Sapura Energy Australia won an award to undertake the provision of Riserless Light Well Intervention services for three wells located in the Montara development area, Timor Sea from PTTEP Australasia (Ashmore Cartier).

The project will be executed by its DP2 Subsea Construction Vessel, Sapura Constructor, and in-house Light Well Intervention Systems including Intervention Compensation System and Subsea Intervention Device.

For India, Sapura Fabrication will undertake Subsea Wells and Pipeline Replacement Project V for Oil and Natural Gas Corporation (ONGC) for the laying of subsea pipelines, installation of umbilical and topside modification at the platforms.

Read More: Sapure Energy seen bidding harder after taking over Sapura 3000 vessel

Sapura Offshore also secured a lump sum turnkey engineering, procurement, construction, installation and commissioning (EPCIC) contract from Sikka Ports & Terminals Limited (formerly known as Reliance Ports and Terminals).

The scope of work comprises residual engineering and supply of equipment and materials for Berth A2 and modification of Berth D (additional Mooring Dolphin) at the Marine Terminal, Jamnagar, state of Gujarat, India.

Sapura Engineering & Construction (India) will undertake the construction, erection, installation, testing, pre-commissioning and commissioning support.

Meanwhile, in Mexico, Sapura Mexicana has been awarded a contract to undertake Engineering, Procurement and Construction of a gas oil pipeline from PP-Ayatsil-B platform to E-KU-A1 platform (line 16) in the Gulf of Mexico for PEMEX Exploration and Production Mexico.