Sapura Energy Bhd secured three new contracts and two contract extensions worth a combined value of approximately RM774mil in Malaysia, Brunei, and Thailand for engineering and construction, and drilling works.
In a filing to Bursa Malaysia, the company said that in Malaysia, Sapura Fabrication Sdn Bhd has been awarded a contract from Petronas Carigali Sdn Bhd for procurement, construction and commissioning works of BNJT-K BN-84 well tie-in for Bardegg-2 and Baronia enhanced oil recovery development project.
Works are expected to be completed by 3QFY20.
Meanwhile, Sapura Drilling Asia Sdn Bhd was awarded a contract amendment and extension by Petronas Carigali for the provision of a semi-submersible tender-assist drilling rig, Sapura Berani.
The contract involves the drilling of five additional wells at Erb West, offshore Sabah, and Dulang facilities, offshore Peninsular Malaysia, and is expected to be completed by 2QFY21.
In Brunei, Sapura Fabrication secured an engineering, procurement, construction, and installation contract by Brunei Shell Petroleum Company Sdn Bhd for the Salman Project in the country.
The contract was divided into two parts, spanning three years starting from FY20 and ending in FY23.
Also in Brunei, Sapura Drilling Sdn Bhd has been given a contract extension from Brunei Shell Petroleum Company for the provision of a semi-submersible tender-assist drilling rig, Sapura Pelaut, and drilling services.
The extension was for a one-year period from 1QFY21.
Meanwhile, in Thailand, Sapura Drilling Asia Ltd was awarded a contract by PTT Exploration and Production Public Company Ltd for the provision of its tender assist drilling rig, Sapura T-17, services for one year starting from 1QFY21 plus options for extension, at the Bongkot field, offshore Gulf of Thailand.
Sapura Energy said with the contracts, its cumulative contract wins year-to-date stands at a total of RM3.1bil.
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