More work for Sapura Energy with Petronas group of companies

Malaysia-based Sapura Energy has secured a contract for the delivery of underwater services for the Petronas group of companies and petroleum arrangement contractors.

Sapura Energy’s wholly-owned subsidiary Sapura Subsea Services has been awarded with a contract for the provision of Pan Malaysia underwater services for PTTEP Sabah Oil Limited for Package B1 – Sabah (Deepwater) and PTTEP Sarawak Oil Limited for Package C1 – Sarawak.

The scope of work comprises the provision of a diving support vessel (DSV), air and saturation diving systems, remotely operated vehicle (ROV) and other related underwater services, including subsea inspection, repair and maintenance of offshore structures, pipelines and other equipment, abandonment, intervention, subsea decommissioning and other works related to the PTTEP Sabah and PTTEP Sarawak underwater facilities in Sabah and Sarawak waters.

The contract takes effect for a period of five years, from February 21, 2024, to February 20, 2029. It is a call-out contract with agreed unit rates.

According to Sapura Energy, the contract is expected to contribute positively to the earnings of the Sapura Energy group of companies for the financial year ending January 31, 2025, and the subsequent years.

Earlier this month, the Malaysian company reported it had secured a contract with Sarawak Shell and Sabah Shell Petroleum Company to provide Pan Malaysia underwater services for the Petronas Group of companies and petroleum arrangement contractors.

The undisclosed-value contract started on January 31, 2024, and is said to last until January 31, 2029.