Sapura wins three contracts worth $203m in South America and Africa

18 September 2020 (Last Updated September 18th, 2020 11:01)

Malaysian integrated oil and gas services company Sapura Energy has secured three contracts in South America and Africa.

Sapura wins three contracts worth $203m in South America and Africa
Sapura has secured three contracts worth $203m in South America and Africa. Credit: Sapura Energy Berhad.

Malaysian integrated oil and gas services company Sapura Energy has secured three contracts in South America and Africa.

The total contracts are valued at approximately MYR840m ($203m).

Sapura Energy subsidiary Sapura Energy Mexicana has secured an engineering, procurement, construction and installation (EPCI) contract for the Amoca project offshore Block Area 1 in Mexico, South America.

Work under this contract involves transportation and installation of the Amoca Platform and the pipeline, as well as the subsea cable interconnecting the Amoca and Mizton platforms with the floating production storage and offloading (FPSO) unit.

Sapura Energy Mexicana is expected to conclude work on the contract by the fourth quarter of FY2022.

In Brazil, Sapura Navegação Marítima (SNM) has secured a 12-month extension on the contract for the pipe-laying support vessel Sapura Esmeralda operation.

SNM is a subsidiary of Seabras Sapura Participações, which is a joint venture (JV) between Sapura Offshore and a Seadrill subsidiary.

Brazilian state-controlled oil company Petrobras awarded the contract extension in Brazil.

Under the contract, SNM will be responsible for the provision of services, as well as installation and recovery of flexible pipes using Sapura Esmeralda in the Brazilian waters.

Sapura Energy said that the current contract is estimated to be concluded by April next year and the 12-month extension will then immediately start.

Furthermore, Sapura’s drilling arm Sapura Drilling has secured a drilling contract from Foxtrot International in the Ivory Coast, West Africa.

Work includes the provision of semi-tender drilling rig services for three wells, located off the coast of Ivory Coast and is planned to start in the first quarter of FY2022.

In April last year, Sapura Energy Berhad won five new contracts worth approximately MYR1.3bn ($316m) for its engineering and construction, as well as drilling segments.