Sapura Energy Bhd has strengthened its presence in Mexico and Malaysia with new contract wins valued at approximately RM1.75 billion.

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.

Sapura Energy wins RM1.75b worth of contracts
Caption: Pipe layer Sapura Topazio - Image courtesy of Hannes van Rijn

“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,” the oil and gas group said in a statement yesterday.

Sapura Energy said among the latest wins is a contract from Hokchi Energy SA de CV 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, it said.

Besides that, Sapura Energy has also been awarded a contract from ENI Mexico S de RL de CV 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, it said 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).

Sapura Energy said the contract will be undertaken by its wholly-owned subsidiary, Sapura Subsea Services Sdn Bhd.

It said the PAC consists of Sarawak Shell Bhd and Sabah Shell Petroleum Co Ltd, Murphy Sarawak Oil Co Ltd and Murphy Sabah Oil Co Ltd; Repsol Oil & Gas Malaysia Ltd; 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,” it said.

Source: NST