The company announced the termination of its SapuraAcergy joint venture with Subsea 7 and the full acquisition of the vessel last week.
Sapura Energy currently is bidding for projects worth $8.1bn and has an order book of MYR15.1bn ($3.6bn). Key among the new jobs to be bidded for would be the anticipated MYR6bn worth of maintenance, construction and modification contracts to be offered in phases soon by Petronas.
“Having full ownership of Sapura 3000 will further enhances the group’s competitive positioning in the engineering and construction segment," Sapura Energy had said in the announcement, adding that the vessel has established a strong track record in executing heavy-lift, pipelay and decommissioning work for shallow and deepwater projects globally, including projects in Mexico, Japan, China, Australia and Southeast Asia.
The oil and gas service provider noted in its recent quarterly report that it had seen an increase in tendering and bidding activities across key geographies in recent months.
It added that to enhance its competitiveness in replenishing the order book, the group was focused on strengthening its position in existing markets and expanding into new markets, re-basing costs and improving operational efficiency
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