COVID 19 EVENTUALLY WILL SLOW DOWN AND STABLE, BUT DO NOT WHEN?travel and airport restart,comsumption of oil will increasing,same question again, do not know when?must be patient buy and wait.they are two companies can be consider and risk low,armada and uzma,especially armada.must be patient............
Today’s New - Petronas: LNG-fuelled tankers to more than double by 2030
and you can read last year news about Sapura is a supplier of gas to Petronas.
7 September 2019 News - SapuraOMV Upstream (Sarawak) Inc and the two companies had signed the full-term upstream gas sales agreement with Petronas for the Gorek, Larak and Bakong fields under the first development phase of the SK408 production sharing contract.
last night EuroNews said hospital records show current start of 2nd wave is less than 5% hospitalisation and ICU patients is less than 3%. Most hospital have 10weeks of PPe stock. I think most deaths happened in 1st wave and not going to repeat in 2nd wave bcos most patients are within 30--45years
OTHERS SAPURA ENERGY BERHAD AWARD OF CONTRACTS SAPURA ENERGY BERHAD
Type Announcement Subject OTHERS Description SAPURA ENERGY BERHAD AWARD OF CONTRACTS INTRODUCTION
Sapura Energy Berhad (“Sapura Energy" or the “Company”) is pleased to announce that its wholly-owned subsidiaries and joint venture have been awarded contracts/contract extensions with a combined value of approximately RM840 million.
Details of each of these contracts/contract extensions (collectively referred to as “Contracts”) are as summarised below:
Engineering & Construction:
Mexico
AWARD OF CONTRACT FOR ENGINEERING, PROCUREMENT, CONSTRUCTION AND INSTALLATION OF AMOCA PLATFORM BY ENI MEXICO S. DE R. L. DE C.V.
Sapura Energy Mexicana S.A.P.I. de C.V. has been awarded a contract for the engineering, procurement, construction and installation for the Eni Mexico S. de R. L. de C.V. Amoca Project – Offshore Block Area 1 in Mexico.
The contract scope of work comprises the transportation and installation of Amoca Platform and the pipeline and subsea cable scope of work interconnecting the Amoca and Mizton platforms and Floating Production Storage and Offloading (FPSO).
The works are expected to be completed by Q4 FY2022.
Brazil
EXTENSION OF CONTRACT FOR THE CHARTER AND OPERATIONS OF PIPE LAYING SUPPORT VESSEL “SAPURA ESMERALDA” FROM PETROLEO BRASILEIRO S.A. (“PETROBRAS”)
Sapura Navegação Marítima S.A., a wholly-owned subsidiary of Seabras Sapura Participações S.A., a joint venture company between Sapura Offshore Sdn Bhd and Seabras Serviços De Petroleo S.A., a subsidiary of Seadrill Limited, has been awarded with twelve (12) months extension for the charter and service contracts respectively by Petrobras in Brazil.
The contract scope of work comprises the provision of services and charter for installation and recovery of flexible pipes, by utilizing Sapura Esmeralda in the Brazilian waters. Sapura Esmeralda shall perform all operations required for the installation of the flexible pipes, electric-hydraulic umbilical and power cables, new or used, such as loading, unloading, laying, connection between spans, vertical connection (first and second end) on submarine equipment, installation of submarine equipment and hydrostatic test, in a maximum water depth of 2500 meters.
The existing contract is expected to complete by April 2021 and the twelve (12) months extension will commence immediately after the duration of the original contract of Sapura Esmeralda ends.
Drilling:
Ivory Coast
AWARD OF CONTRACT FOR TENDER ASSIST DRILLING RIG “SAPURA BERANI” BY FOXTROT INTERNATIONAL LDC.
Sapura Drilling Holdings Limited has been awarded a contract for the provision of its Tender Assist Drilling Rig “Sapura Berani” services by Foxtrot International LDC.
The contract scope comprises the provision of semi tender-assist drilling rig services for 3 wells commencing in Q1 FY2022 for a period of 9 months offshore Ivory Coast plus one option of one well extension.
FINANCIAL EFFECTS
The Contracts announced herein will have no effect on the issued capital of the Company and is expected to contribute positively towards the earnings of Sapura Energy Berhad and its subsidiaries (“the Group”) for the financial year ending 31 January 2021 and the financial period thereafter within the duration of the Contracts period.
RISK FACTORS
Risk factors affecting the Contracts include execution risks such as availability of skilled manpower and materials, changes in pricing, weather conditions and/or political, economic, operational and commercial impacts of COVID-19 and regulatory conditions. Notwithstanding, the Group has established a successful track record undertaking similar projects.
DIRECTORS’ AND MAJOR SHAREHOLDERS’ INTERESTS
None of the Directors and/or major shareholders of the Company and/or persons connected with them have any direct or indirect interest in the award of the Contracts herein.
DIRECTOR’S STATEMENT
The Board is of the opinion that the acceptance of the Contracts is in the best interest of the Company.
This announcement is dated 17 September 2020.
Please refer attachment below.
Attachments Media Release Contract Wins worth RM840 million.pdf 612.3 kB
Announcement Info Company Name SAPURA ENERGY BERHAD Stock Name SAPNRG Date Announced 17 Sep 2020 Category General Announcement for PLC Reference Number GA1-17092020-00009
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
kasrim
2,493 posts
Posted by kasrim > 2020-09-15 11:44 | Report Abuse
aiyoo.. xde minyak mau jalan daa..