Highlights

Sapura Energy bags contracts worth RM760mil

Author: orked   |   Latest post: Wed, 9 Jan 2019, 10:02 AM

 

Sapura Energy bags contracts worth RM760mil

Author:   |    Publish date:


PETALING JAYA: Oil and gas company Sapura Energy Bhd has secured contracts worth RM760mil in Angola and Malaysia that boosted the combined value of project wins in current financial year ending Jan 31, 2019 to RM9.3bil.

 

The company, in a statement on Monday, said the growing order book will see a higher utilisation of its assets.

 
 

In Angola, the company has secured a two-year drilling contract with extension options.

“The project entails using a first of its kind technical solution to improve efficiency for the drilling campaign,” it said.

 

“The contract entails drilling three wells offshore Sarawak,” it said.

In addition, Sapura Drilling was awarded a contract extension by Petronas Carigali Sdn Bhd for the provision of semi-tender assisted drilling rig, Sapura Berani.

The contract comprises the drilling of two wells at the Sumandak facility, offshore Sabah.

Meanwhile, Sapura Fabrication was awarded a contract from Petronas Floating LNG 1 (L) Ltd to undertake engineering, procurement, construction and commissioning (EPCC) works for the relocation and tie-in of the PFLNG Satu (Petronas Floating Liquefied Natural Gas), currently located in the Kumang Cluster, offshore Sarawak.

 

Share this

  Be the first to like this.
 


 

402  326  492  672 

ActiveGainersLosers
Top 10 Active Counters
 NameLastChange 
 ARMADA 0.22+0.06 
 SAPNRG 0.285-0.005 
 SUMATEC 0.005-0.01 
 MYEG 1.01-0.06 
 BARAKAH 0.08+0.02 
 NEXGRAM 0.020.00 
 IRIS 0.15+0.005 
 XINGHE 0.045+0.005 
 KNM 0.09+0.01 
 ECONBHD 0.515+0.045 

TOP ARTICLES

1. 当遇上基本面投资法(下) 能赚钱就是好战略/冷眼 【冷眼专栏】漫漫投资路
2. Is QL Resources worth investing now? kcchongnz kcchongnz blog
3. 当遇上基本面投资法(上) “反向”战略非唱反调/冷眼 【冷眼专栏】漫漫投资路
4. I3investor Commentators - Koon Yew Yin Koon Yew Yin's Blog
5. Fear on Bumi Armada is probably overdone - felicity Good Articles to Share
6. THE PERCEPTION OF P/E or: How I learned to fear my Wife the bursa journey that worked for me. 2000-2019
7. Stocks on Radar - Elsoft Research (0090) AmInvest Research Reports
8. (Icon) What Is Investing ? Icon8888 Gossips About Stocks
Partners & Brokers