Posted by strattegist > 2021-07-15 17:42 |

Post removed.Why?

Posted by DickyMe > 2021-07-15 21:14 | Report Abuse

Cases figure are manipulated

Posted by ruhaizat69 > 2021-07-17 06:17 | Report Abuse

Right issue

Posted by ruhaizat69 > 2021-07-17 06:18 | Report Abuse

Share consolidation on the way

Posted by lzt21 > 2021-07-17 09:56 | Report Abuse

Telegram: sapura discussion group

Posted by UlarSawa > 2021-07-17 12:23 |

Post removed.Why?

Posted by ruhaizat69 > 2021-07-17 13:35 | Report Abuse

Until joint vsolar

Posted by ruhaizat69 > 2021-07-17 15:18 | Report Abuse

This sapura modus same as fintec gang

Posted by strattegist > 2021-07-18 12:21 |

Post removed.Why?

Posted by strattegist > 2021-07-19 17:33 | Report Abuse

Selamat Hari Raya Aidil Adha

Posted by strattegist > 2021-07-19 17:33 | Report Abuse

Stay home... stay safe

Posted by strattegist > 2021-07-19 17:34 | Report Abuse

no gather gather okay

Posted by UlarSawa > 2021-07-19 20:39 | Report Abuse

ya ya . raya at own house. Dont visit neighbour house. Stay safe. eat safe. do safe thing. All will be safe. Selamat Hari Raa Aidil Adha to all.

Posted by chancheeming > 2021-07-20 18:49 | Report Abuse

are the new management reliable ?

Posted by ruhaizat69 > 2021-07-21 05:17 | Report Abuse

Right issue

Posted by ruhaizat69 > 2021-07-21 05:18 | Report Abuse

Reliable to creating more

Posted by ruhaizat69 > 2021-07-21 05:18 | Report Abuse

Debt

Posted by JoshuaMS7 > 2021-07-21 10:17 | Report Abuse

seems today can get some at 0.115 since i queue long neck for few weeks ad!! yahoo!!

Posted by Gerrardo > 2021-07-21 10:19 | Report Abuse

Sapura is really a penny counter

Not moving up to 0.20

But yet still a big company

Posted by strattegist > 2021-07-21 14:12 |

Post removed.Why?

Posted by JJchan > 2021-07-21 17:36 | Report Abuse

nowaday if my Biz Colleague Call to inform that he received a Contract----my first impression is
RM 3000--5000 contract for LongKang extension. If Saprng Boss call me and said He received a
1.2Billion Contract-----My First impression is-- " is it in Rupiah "

This is How bad the economy Now. It really reflects into Stock Market

Posted by izoklse > 2021-07-21 19:40 | Report Abuse

Sapura Energy wins seven contracts worth RM1.2b in Malaysia, Thailand

KUALA LUMPUR (July 21): Sapura Energy Bhd has secured seven contract wins and extensions in Malaysia and Thailand for its engineering and construction (E&C), operations and maintenance (O&M), and drilling segments with a combined value of RM1.2 billion.

The group said that for the E&C segment, its subsidiary Sapura Offshore Sdn Bhd won contracts from PTTEP Sarawak Oil Ltd and Enquest Petroleum Production Malaysia Ltd under the Pan Malaysia Transportation and Installation of Offshore Facilities 2021 campaign.

In a statement to Bursa Malaysia, Sapura Energy said the scope of work from PTTEP includes transportation and installation, engineering, survey, interfacing, topside installation and handover, and removal of temporary structures.

The contract duration is for eight months, effective Feb 2, 2021.

Meanwhile, the contract award from EnQuest is for the replacement of a 10-inch gas lift subsea pipeline and risers. The scope of work includes engineering, transportation, installation of risers, subsea tie-ins and pre-commissioning of the pipelines.

Scheduled for five months, the work is expected to be completed by the fourth quarter of 2021.

For the O&M segment, Sapura Energy’s subsidiary Sapura Fabrication Sdn Bhd secured contracts from EnQuest, as well as Sarawak Shell Bhd (SSB) and Sabah Shell Petroleum Company Ltd (SSPC).

The group said the contract awarded by EnQuest is for the provision of maintenance, construction, and modification for its PM8 Extension Production Sharing Contract for a period of one year effective March 14, 2021.

The award from SSB and SSPC is for the provision of topside major maintenance services works in various projects located offshore Sabah and Sarawak, from April 29, 2021 to Aug 19 2023.

As for the drilling segment, Sapura Drilling Asia Sdn Bhd has been awarded two contracts from Petronas Carigali Sdn Bhd for its drilling activities offshore Malaysia.

“The award of the first contract is for the provision of tender-assist drilling rig services for a duration of two years with an option of a two-year extension, commencing April 26, 2021. The contract is based on a call-out basis, subject to rig availability and suitability with the client’s requirement.

“In the second award, Sapura Energy Bhd, leveraging on its drilling engineering capabilities within Sapura Drilling, SapuraOMV and in partnership with Halliburton, secured an integrated rig, drilling, and completion (i-RDC) services contract for six wells offshore Malaysia. Driven by innovation and collaboration, the awarded i-RDC services contract is the first of its kind in Malaysia for an offshore drilling campaign.

“Scheduled to commence in the third quarter of 2021, the contract will be executed by Sapura Esperanza semi-submersible tender-assist drilling rig,” said Sapura Energy.

Sapura Drilling also was awarded a new contract and a contract extension for its drilling rigs from PTTEP group of companies.

PTTEP Energy Development Company Ltd awarded Sapura Drilling with a contract, with optional extensions for up to 12 months, for the tender assist drilling rig Sapura T-17. The duration of the contract is for three years, ending Nov 15, 2021.

“Meanwhile, Sapura Drilling also received a contract extension notification from PTT Exploration and Production Public Company Ltd and PETTEP International Ltd. The extension is for its tender assist drilling rig Sapura T-18, for an additional four months to Oct 31, 2021.

“Sapura Drilling has now eight drillings’ rigs contracted for work in 3QFY22, increasing its fleet utilisation rate to 57%,” said Sapura Energy.

Sapura Energy’s share price rose half a sen or 4.17% to close at 12.5 sen, giving the group a market capitalisation of RM2 billion. The counter saw 40.24 million shares changing hands.

https://www.theedgemarkets.com/article/sapura-energy-wins-seven-contracts-worth-rm12b-malaysia-thailand

Posted by Nikmon > 2021-07-21 21:47 | Report Abuse

M....no 2 billion contract ....

Posted by Godofgambler > 2021-07-21 23:41 | Report Abuse

I always see Sapura will reach Tp0.30 one day

Posted by lzt21 > 2021-07-21 23:55 | Report Abuse

telegram: sapura discussion group

Posted by ZackMaz > 2021-07-22 00:49 | Report Abuse

Naik 0.3, terus saya boleh cover my loss kat Bursa.

Posted by strattegist > 2021-07-22 08:14 |

Post removed.Why?

Posted by cashflow > 2021-07-22 08:15 | Report Abuse

Sapura 50 cents next year

Posted by bullmarket1628 > 2021-07-22 09:12 | Report Abuse

OTHERS SAPURA ENERGY BERHAD - AWARD OF CONTRACTS
Description : SAPURA ENERGY BERHAD - AWARD OF CONTRACTS
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3176665

INTRODUCTION:
Sapura Energy Berhad (“Sapura Energy" or the “Company”) is pleased to announce that its wholly-owned subsidiaries in Engineering and Construction (E&C), Operations and Maintenance (O&M) and Drilling have been awarded contracts/contract extensions with a combined value of approximately RM1.2 billion.

Details of each of these contracts/contract extensions (collectively referred to as “Contracts”) are as summarised below:
Engineering & Construction:
Malaysia
AWARD OF CONTRACT FOR PROVISION OF TRANSPORTATION AND INSTALLATION OF PEMANIS WELLHEAD PLATFORM TOPSIDE FROM PTTEP SARAWAK OIL LIMITED.
Sapura Offshore Sdn. Bhd. has been awarded with a contract for provision of Transportation and Installation of Pemanis Wellhead Platform Topside under the Pan Malaysia Transportation and Installation of Offshore Facilities 2021 Campaign by PTTEP Sarawak Oil Limited.
The scope of work includes transportation and installation, engineering, survey, interfacing, topside installation and handover, removal of temporary structures and other optional works as specified in the contract. The contract effective date is 2 February 2021 and the work duration is for eight (8) months.
AWARD OF CONTRACT FOR REPLACEMENT OF 10” SELIGI-AC TO SELIGI-B GAS-LIFT SUBSEA PIPELINE AND RISERS INCLUDING TRANSPORTATION AND INSTALLATION SERVICES FROM ENQUEST PETROLEUM PRODUCTION MALAYSIA LTD.
Sapura Offshore Sdn. Bhd. has been awarded with a contract for replacement of 10” Seligi-AC to Seligi-B Gas-Lift Subsea Pipeline and Risers including Transportation and Installation Services under the Pan Malaysia Transportation and Installation of Offshore Facilities by EnQuest Petroleum Production Malaysia Ltd.
The contract scope of work includes engineering, transportation, supply of miscellaneous materials, certain prefabrication scopes, installation (including installation of risers, riser clamps, riser guards, subsea tie-ins, etc.) and pre-commissioning of the pipelines and other optional works as specified in the contract. The work duration is for five (5) months and are expected to be completed by Q4 calendar year 2021.
Operations & Maintenance:
Malaysia
AWARD OF CONTRACT FOR THE PROVISION OF MAINTENANCE, CONSTRUCTION AND MODIFICATION FOR PM8 EXTENSION PRODUCTION SHARING CONTRACT ("PM8E") FROM ENQUEST PETROLEUM PRODUCTION MALAYSIA LTD.
Sapura Fabrication Sdn. Bhd. has received an award for the provision of Maintenance, Construction and Modification for PM8 Extension Production Sharing Contract (“PM8E”), consisting of the PM8 and Seligi fields from EnQuest Petroleum Production Malaysia Ltd (“EnQuest”). The award is a farm-in arrangement with a contract entered into with ExxonMobil Exploration and Production Malaysia Inc.
The contract scope of work comprises project management, fabrication, offshore maintenance, construction and modification work including tools, equipment, material and consumables. The contract is effective from 14 March 2021 for a duration of one (1) year. During this period, EnQuest may issue work orders on call-off basis for actual work execution.
AWARD OF CONTRACT FOR THE PROVISION OF TOPSIDE MAJOR MAINTENANCE SERVICES FROM SARAWAK SHELL BERHAD AND SABAH SHELL PETROLEUM COMPANY LIMITED.
Sapura Fabrication Sdn. Bhd. has received an award for the provision of Topside Major Maintenance Services from Sarawak Shell Berhad (“SSB”) and Sabah Shell Petroleum Company Limited (“SSPC”).
The contract scope of work comprises Topside Major Maintenance works, specifically for Package B for various projects located Offshore Sabah and Sarawak. The contract is effective from 29 April 2021 until 19 August 2023. During this period, SSB and SSPC may issue work orders on call-off basis for actual work execution.
Drilling:
Malaysia
AWARD OF CONTRACT BY PETRONAS CARIGALI SDN BHD FOR THE PROVISION OF TENDER-ASSIST DRILLING RIG(S) FOR DRILLING ACTIVITIES OFFSHORE MALAYSIA.
Sapura Drilling Asia Sdn. Bhd. has been awarded a contract by PETRONAS Carigali Sdn. Bhd. for the provision of tender assist drilling rig(s) for a duration of two (2) years, commencing 26 April 2021 to 25 April 2023. The contract provides for an option of two (2) years’ extension and is based on call-out of any semi-submersible tender-assist drilling rigs or tender barges, subject to rig availability and suitability with client’s requirements.
.............................................................................
This announcement is dated 21 July 2021.

Posted by bullmarket1628 > 2021-07-22 09:17 |

Post removed.Why?

Posted by UlarSawa > 2021-07-22 12:00 | Report Abuse

As usual no effect after announced rm1.2b new contract. Sapnrg need rm1.5bil per qtr . Tak cukup jobs lah. Work harder lah. Thats why share price also no up. Correct?

Posted by TuaTuaLiap > 2021-07-22 12:09 | Report Abuse

boleh goreng kah?

Posted by ruhaizat69 > 2021-07-22 12:49 | Report Abuse

Trap to right issue

Posted by strattegist > 2021-07-22 14:23 |

Post removed.Why?

Posted by Jeffreyteck > 2021-07-22 14:37 | Report Abuse

New contract means more losses as profit margin is negative 5%???

Posted by Nikmon > 2021-07-22 14:37 | Report Abuse

Not about how much contract worth, is about the margin...AGM next week and wait for next result....if profit than limit up is possible. Haha

Posted by Nikmon > 2021-07-22 14:46 | Report Abuse

. We believe that Sapura will be in the black from FY22 onwards after being in the red for 4 consecutive years (from FY18-FY22)

Posted by UlarSawa > 2021-07-22 15:25 | Report Abuse

Sapnrg every qtr also 1.5bil revenue pun takda much
operatong profit can get. if 1.2bil new contracts ini macam will deficit by 300mil per qtr. Itu total contract value on hand will drop also right. So must at least to maintain 1.50bil new contract each qtr baru can maintain the future 2 yrs pun ada job right. Hisab mau kira sikit the on hand job contracts getting lower and lower meaning it cannot last average 1.5bil per qtr revenue if spread out evenly over 2 yrs into 8 qtrs. Anyway pray hard lah. Margin pun tak cukup bayar finance cost leh. you kira kira sikit lah. Lagi mau minus impairment lah depreciation lah foreign exch loss lah.. etc etc. Ada cukup kah. Correct?

Posted by ruhaizat69 > 2021-07-22 16:09 | Report Abuse

Published good news to attarac new investor for right issue 8 share consolidation but this time this tactic not successful, well done sapura, just keep try new tactics

Posted by maddox > 2021-07-22 16:42 | Report Abuse

So better don’t goreng kah?

Posted by drkelvin20 > 2021-07-22 18:17 | Report Abuse

If oil price stabilize at around 70++...Its hopeful that Sapura may bag more contracts...Natural gas price soaring too...

As for share consolidation, no confirmation yet..so why wanna shout on this?!

Posted by drkelvin20 > 2021-07-22 18:19 | Report Abuse

Own can decide what to do if share consolidation really materialize...for now...no shout out please on share consolidation without any confirmation from the company.

Posted by Tobby > 2021-07-22 23:11 | Report Abuse

I bought alot of Sapnrg this week! Reason! They sold some 70 million asset which definately turn Sapnrg black next quarter! So there's no reason for Sapnrg to be in red next quarter! And they score 1.7 billion projects that will given steady revenue for the next 2 years or so! And since they have very experience and competent team since March this year, the sky is the limit! Just buy!

Posted by cashflow > 2021-07-23 08:37 | Report Abuse

Gas price rocketed very high!

Posted by Jonathan Keung > 2021-07-23 09:07 | Report Abuse

What's important is the margin of the new contract secured. Maybank gave a mixed review on Sapnrg outlook. Sapnrg books bagged a total of app 3 Billion worth of contracts vs 12 -13 billion secured last FY. They need to secure more contracts amid current challenges

Posted by drkelvin20 > 2021-07-23 09:11 | Report Abuse

Oil stabilize at USD70+, this is good for economy recovery...a much higher oil price will affect the economy revitalization, increasing the inflation, and boost the shale oil indutries...

Oil price stabilizing at USD 70+- is good enough for upstream biz...it does not need to be 100++, as long as it is settling consistently.

Natural gas price is soaring...this is good for Sapura...

These factors are favoring Sapura in upcoming quarters...

Disclaimer: Just own opinion, not buy or sell call.

Posted by drkelvin20 > 2021-07-23 09:13 | Report Abuse

Just my opinion, profit margin very much depends on oil market and ouil marget, if market tight with oil supply and demand, oil price stands high, the profit margin should be higher than past 2-3 years during oil bearish...
Isn;t this is correlated? I mean, we should expect profit margin be higher during oil bullish right?

DIsclaimer: Own opinion, no buy call or sell call.

Posted by ruhaizat69 > 2021-07-23 10:55 | Report Abuse

TP0.07

Posted by armadatuah2017 > 2021-07-23 11:13 | Report Abuse

they need to reduce more costs and assets trimdown will be the only catalyst now to propel the price. projects mean nothing as they are still experiencing costs overrun.

Posted by armadatuah2017 > 2021-07-23 11:13 | Report Abuse

they need to focus like Armada. Operation cost is too high for Sapura