Malaysia’s Sapura Energy lands RM1.3 billion in new contracts

Photo: Sapura Energy

Malaysian offshore service company Sapura Energy has been awarded five new contracts with a total estimated value of RM1.3 billion (US$310 million).

The first is a subsea pipeline installation contract awarded by Pan Marine Petroleum Services Company to Sapura subsidiary Sapura Offshore. The pipelines will be installed for Gulf of Suez Petroleum Company, a joint venture between BP and state-owned Egyptian General Petroleum Corporation.

Sapura Offshore has also been awarded a new contract in Indonesia through a joint venture formed with Timas Suplindo. The company will provide engineering, procurement, construction, and installation (EPCI) services for Eni East Sepinggan at the Jangkrik gas field.

Sapura Drilling Asia has secured one new contract and one extension. The new contract calls for the drilling rig Sapura T-9 to operate with ExxonMobil Exploration and Production Malaysia for a period of three years at the Tabu field while the extension is for an existing contract with Petronas Carigali wherein the rig Sapura Berani will continue working in nine wells offshore Sabah and Peninsular Malaysia.

Lastly, Sapura subsidiary Total Marine Technology has been awarded a contract by Phoenix International (Australia) for the provision of a remotely operated vehicle (ROV), a submarine rescue bell, and associated systems. These will comprise an air-transportable rescue system for crews of submarines in distress.

Total Marine Technology is expected to deliver the complete submarine rescue system to the Royal Australian Navy in 2022.

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