First slew of contracts for FY19. Sapura Energy Berhad announced its first slew of contracts for FY19 totalling approximately RM905m. Four of the contracts announced are from Malaysia while one contract is from India.
Kinarut ERB West. The first contract announced is for the provision of engineering, procurement, construction and commissioning (EPCC) of Kinarut ERB West Compressor upgrading project for PETRONAS Carigali. The contract is for a duration of three years, expiring in 4QCY20.
Bokor Betty brownfield and rejuvenation. The second project announced is for the provision of minor engineering, procurement, construction and commissioning (EPCC) for Bokor Betty brownfield & rejuvenation for PETRONAS Carigali. The contract duration is for four and a half years, expiring in 2QCY22.
Full field development Phase 2 North Malay Basin. The third project announced is for the engineering, procurement, construction, commissioning plus installation (EPCC+I) for full field development (FFD) Phase 2 Facilities in the North Malay Basin by Hess Exploration and Production Malaysia B.V. Works are expected to complete by 2QCY20.
Bokor central processing platform. The fourth contract is for the provision of transportation and installation (T&I) works for the Bokor central processing platform project awarded by Malaysia Marine and Heavy Engineering (Trading Sell; TP: RM0.70). Works are expected to complete by March 2020.
Fifth Oil berth project. The fifth contract is for the provision of offshore/onshore pipeline and terminal works for Fifth Oil Berth Project by Mumbai Port Trust. Works are expected to be completed by May 2019.
Source: MIDF Research - 6 Feb 2018
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