Malaysia-based integrated oil and gas services Sapura Energy Berhad has strengthened its presence in Mexico and Malaysia with new contract wins valued at approximately RM1.75 billion (USD 410 mln).
The new contracts have lifted the company’s orderbook to RM18 billion and total contract wins to-date for this financial year to RM7 billion (USD 1.68 bln).
Sapura Energy has built capabilities and expertise that are critical to support its clients in their quest to meet global energy demand and as a result, has a strong track record that has opened up greater prospects in the opportunity funnel for the company worldwide.
In line with the company’s pursuit for growth and strategy to capitalise on the industry upturn, the new contract wins reflect Sapura Energy’s continued successes in deepening its penetration into existing core markets and expanding into new markets. The company has established a global infrastructure that would enable it to manage and execute work around the world.
Among the latest wins is a contract from Hokchi Energy S.A. de C.V. for Sapura Energy’s wholly-owned subsidiary in Mexico to undertake offshore engineering, procurement, transportation, installation and pre-commissioning and commissioning (EPCIC) works in the Hokchi Field Development in the Gulf of Mexico. The scope will include fabrication and installation of a central wellhead platform and a satellite platform that will be connected to Hokchi Paraiso, an onshore processing facility.
Sapura Energy has also been awarded a contract from ENI Mexico S. de. R.L de. C.V to undertake engineering, transport, construction, installation and pre-commissioning of sealine and onshore pipeline for the Offshore Block Area 1 in the Gulf of Mexico. Additionally, the scope will involve fibre optic cabling, and transportation and installation of the Mizton wellhead platform at water depths of approximately 40 meters.
Another significant win is a five-year contract for the provision of Pan Malaysia Underwater Services awarded under the Petroleum Arrangement Contractors (PAC). The contract will be undertaken by Sapura Energy’s wholly-owned subsidiary, Sapura Subsea Services Sdn. Bhd. (Sapura Subsea). The PAC consists of Sarawak Shell Bhd and Sabah Shell Petroleum Company Limited; Murphy Sarawak Oil Co., Ltd. and Murphy Sabah Oil Co., Ltd.; Repsol Oil & Gas Malaysia Limited; and Kebabangan Petroleum Operating Company Sdn Bhd.
Sapura Subsea will undertake underwater services which includes the utilisation of its vessels, air and saturation diving, and remotely operated vehicles. The scope will also cover inspection, maintenance and repair works to support the PACs’ underwater facilities located offshore in East Coast Malaysia.
