Sapura Energy Inks New Deals Worth $232M

Sapura Energy has trough its direct and indirect wholly-owned subsidiaries secured contracts with a combined value of approximately RM 905 million ($232 million).

The first contract is for the provision of engineering, procurement, construction and commissioning (EPCC) of Kinarut ERB WEST compressor upgrading project for PETRONAS.

The work scope involves the removal of existing HP compressors and re-installation of refurbished LP Compressors at EWDP-A, refurbishment of re-injection compressors to HP Compressors at offshore at EWG-A, replacement of compressors associated equipment, piping and instrumentation, process and utility tie-ins modifications and other related topside facilities brownfield modifications and improvement at ERB WEST platforms and Kinarut platforms.

The duration of the contract will be for a three years expiring in fourth quarter of 2020.

The second contract is for the provision of minor engineering, procurement, construction and commissioning (EPCC) for Bokor Betty Brownfield & Rejuvenation for PETRONAS.

The work comprises of Bokor rejuvenation and host tie-in works at existing platforms including LADR-A and BNG-B and Betty rejuvenation and redevelopment works involving existing platform facilities upgrades, both to support Bokor EOR and redevelopment of the two fields.

The duration of the Contract will be for a four-and-a-half years expiring in second quarter of 2022.

The third deal is for engineering, procurement, construction, commissioning plus installation (EPCC+I) work for FFD Phase 2 facilities, North Malay Basin by Hess Exploration and Production Malaysia.

The contract scope of work comprises engineering, procurement, construction and commissioning of a conventional 3-legged terminal wellhead platform and a minimal wellhead platform, with associated pipelines. The scope for offshore transportation and installation work associated to the above contract is optional. Hess will notify the contractor in writing if this option is exercised, Sapura Energy said.

The works are expected to be completed within second quarter of 2020.