Sapura Reports Raft of New Contracts

Malaysian services company Sapura Energy Berhad announced Monday it has secured RM760 million ($184.6 million) in contract wins for its drilling and engineering & construction businesses. The latest achievements have lifted the value of contract wins to RM9.3 billion ($2.3 billion) for its current financial year.

Sapura Drilling has been awarded a contract in Angola by Cabinda Gulf Oil Company Limited, a subsidiary of Chevron Corporation, for the provision of its semi-submersible tender assisted drilling rig, Sapura Jaya, for drilling works in the Angolan waters for a period of two years with extension options. The project entails using a first of its kind technical solution to improve efficiency for the drilling campaign.

Sapura Drilling also accepted an extension of its contract with Sarawak Shell Berhad and Sabah Shell Petroleum Company Limited for the provision of Sapura Esperanza, a semi-submersible tender assisted drilling rig. The contract entails drilling three wells offshore Sarawak.

In addition, Sapura Drilling has been awarded a contract extension by PETRONAS Carigali Sdn Bhd for the provision of semi-tender assisted drilling rig, Sapura Berani. The contract comprises the drilling of two wells at the Sumandak facility, offshore Sabah.

Meanwhile, Sapura Fabrication has been awarded a contract from PETRO....

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