Sapura Energy said in a press release that the contract was awarded to its Sapura Fabrication unit by Mubadala Petroleum following the Final Investment Decision by Mubadala Petroleum and its partners Petronass Carigali and Sarawak Shell.
"This is our sixth contract win since the beginning of the year. It’s a good start for us. We are proud to be working with a highly respected company such as Mubadala Petroleum and supporting its first development in Malaysia," said president and group ceo Shahril Shamsuddin.
No exact contract value was disclosed, but Sapura Energy said together with five contract wins earlier this year, contracts wins to date amount to MYR3bn ($765m). Earlier reports value these earlier contracts at worth about MYR905m, suggesting the latest deal is a fairly large one worth about MYR2bn.
Sapura Energy said it believed the increased capital spending by oil and gas firms is an indication that the industry is making a gradual shift towards better times amidst renewed optimism.
The EPCIC scope covers work for an offshore integrated central gas processing platform (ICPP) facility for the Pegaga gas field which is located in the Central Luconia province, offshore Sarawak, at about 108m water depth.
Its development concept comprises of an ICPP consisting of an eight-legged jacket. The facility is designed for gas throughput of 550mscf of gas per day plus condensate. The produced fluids will be evacuated through a new 38-inch subsea pipeline tying in to an existing offshore network and subsequently to the onshore Malaysia LNG plant in Bintulu.
Mubadala Petroleum is operator of Block SK320 with 55% interest along with Petronas Carigali (25%) and Sarawak Shell (20%).
"This contract win is a recognition of our strong track record and technical capabilities in delivering innovative technologies and fit-for-purpose solutions. Our focus is to deliver safely and cost efficiently, without compromising on quality," concluded Sharil.
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