Sponsored By

SapuraKencana eyes $416m in international deals

Malaysian oil and gas services provider SapuraKencana Petroleum (SapKen) is reportedly set to seal two international contracts in India and Mexico worth a total of about MYR1.5bn ($416m), local media quoted sources as saying.

Vincent Wee, Hong Kong and South East Asia Correspondent

May 8, 2015

1 Min Read
Kalyakan - stock.adobe.com

SapKen is seen being in a good position for the India job after putting in the lowest bid of $273m to $291m, and may even edge out local company Larsen & Toubro. SapKen’s bid for the Indian contract is being made through its offshore construction and subsea services arm, TL Offshore.

There are believed to be four contenders for the job for a portion of Oil & Natural Gas Corp’s Mumbai High South (MHS) phase three redevelopment project which is expected to be awarded for between $200m to $300m. This contract is a part of the overall third-phase redevelopment of MHS, believed to be worth a total of $982.4m.

Larsen & Toubro, Abu Dhabi-based National ­Petroleum & Construction Co and McDermott have put in bids of $390m, $471m and $406m respectively.In the North America market, SapKen is believed to be gunning for deepwater and shallow structure contracts expected to be worth around MYR400m in Mexico.

Read more about:

MalaysiaIndia

About the Author

Vincent Wee

Hong Kong and South East Asia Correspondent

Vincent Wee is Seatrade's Hong Kong correspondent covering Hong Kong and South China while also making use of his Malay language skills to cover the Malaysia and Indonesia markets. He has gained a keen insight and extensive knowledge of the offshore oil and gas markets gleaned while covering major rig builders and offshore supply vessel providers.

Vincent has been a journalist for over 15 years, spending the bulk of his career with Singapore's biggest business daily the Business Times, and covering shipping and logistics since 2007. Prior to that he spent several years working for Brunei's main English language daily as well as various other trade publications.

Get the latest maritime news, analysis and more delivered to your inbox
Join 12,000+ members of the maritime community

You May Also Like