Sapura Bags $147M in New Contracts

Sapura Energy has secured several new contracts and contract extensions, valued at approximately RM615 million ($147 million), for its engineering and construction (E&C) as well as drilling segments.

Namely, Sapura Fabrication has won a contract from Hess Exploration And Production Malaysia under the Petronas frame agreement, for the provision of engineering, procurement, construction, commissioning plus installation for full field development (FFD) Phase 3 Facilities, North Malay Basin, offshore Peninsular Malaysia. Sapura Fabrication also undertook work on FFD Phase 1 and FFD Phase 2 Facilities for Hess.

Sapura Energy will be undertaking its first deep-water project in Area 4, Rovuma Basin, offshore Mozambique. The contract, awarded by Mozambique Rovuma Venture is for the provision of a subsea installation vessel for transportation and installation of Christmas Trees.

In Brazil, Petrobras has awarded Sapura Navegação Marítima a contract extension to charter and operate Sapura Topazio pipelaying vessel. This is on the back of the completion of a five-year charter with Petrobras where, according to Sapura, the ultra-deepwater pipelay vessel had achieved 98 per cent uptime utilisation for the five-year period.

Meanwhile, for the Group’s Drilling segment, Sapura Drilling Asia, has been awarded a contract extension for the provision of its semi-submersible tender assist drilling rig, Sapura Esperanza, by Shell. The contract, which entails drilling six wells for Malikai phase 2 drilling campaign, offshore Sabah, will see work starting in Q3 2021.