Malaysian oil and gas services firm Sapura Energy has secured three new offshore contracts and a contract extension valued at about MYR815m ($197.4m).
The contracts were secured in Australia, Brunei, Malaysia and Nigeria. This takes the aggregate value of contracts for this financial year to MYR5.3bn ($1.28bn) so far.
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Commenting on the offshore contracts, Sapura Energy president and CEO Tan Sri Dato’ Seri Shahril Shamsuddin said: “Sustained high oil prices are encouraging recovery in investments which is driving increased activities.
“One of the key areas we are seeing an increase in demand is Brownfield Maintenance and Rejuvenation, where Sapura Energy has established its track record among other upstream services.”
Sapura Offshore, a wholly-owned subsidiary of Sapura Energy, has won a contract from Saidel to commence engineering and construction work of the 16” Southern SWAMP Sales Gas Evacuation pipeline in the Delta Region of Nigeria for Shell Petroleum Development Company of Nigeria. The company will install around 20km of gas pipeline and is expected to conclude by the fourth quarter of 2019.
Sapura Fabrication, a wholly owned subsidiary, has secured a five-year contract to start the Pan Malaysia maintenance, construction, and modification for ExxonMobil Exploration and Production Malaysia (EMEPMI).
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By GlobalDataUnder the deal, the company will carry out procurement and on-shore pre-fabrication works, offshore maintenance, construction and modification to enhance EMEPMI’s facilities offshore Peninsular Malaysia. This is a call-out contract that will expire in July 2023 with the option for a one-year extension.
In Australia, wholly owned subsidiary Normand Sapura has been awarded a contract for the inspection and recovery work of subsea structures for the East Spar Project offshore Western Australia for Quadrant Energy.
Sapura Drilling has secured a contract extension from Brunei Shell Petroleum for the provision of the Sapura Pelaut semi-submersible tender assisted drilling rig.
The one-plus-one-year contract extension for Sapura Pelaut will be effective from Q1 of 2020.
