SapuraKencana unit bags RM1bil contracts

SapuraKencana unit Drilling Holdings Ltd has won a contract for its tender assist drilling rig SKD T- 20 from Ivory Coast firm CNR International .

PETALING JAYA: SapuraKencana Petroleum Bhd has bagged a number of oil and gas jobs worth US$312mil (RM1.01bil) for work in Ivory Coast, Russia, India, Brunei and Malaysia, lifting its order book to a new high of RM27bil.

The offshore services provider told Bursa Malaysia yesterday that its drilling division – SapuraKencana Drilling Holdings Ltd – had won a drilling rig and services contract for its tender assist drilling rig SKD T-20 from CNR International (Côte d’Ivoire) SARL.

This involves the use of SKD T-20 for wells in the Espoir Field in Block CI-26 offshore Côte d’Ivoire. The drilling programme includes drilling, side-racking, completion and other associated works.

The job had a primary term of 10 firm wells to be completed in not less than 365 days, followed by four single-well options to be exercised at CNR International’s discretion, SapuraKencana said.

Its offshore construction and subsea services arm, under wholly-owned TL Offshore Sdn Bhd, has inked a charter-party agreement with Heerema Marine Contractors Nederland SE to supply a command installation vessel, the SK1200, for the Arkutun-Dagi Project in Sakhalin, Russia.

Exxon Neftegas Ltd had awarded a contract to Heerema Marine for the transportation and installation of the Arkutun-Dagi topsides, and the latter, in turn, gave TL Offshore a job to transport Exxon’s temporary living quarters.

The charter has a firm period of 55 days, with an option of 15 daily extensions.

TL Offshore has also clinched a subcontract for transportation and installation works for the British Gas Exploration & Production India Ltd Mukta B platform and pipeline project by Larsen & Toubro Ltd through L&T Sapura Offshore Ptd Ltd, which is an Indian joint-venture (JV) company between L&T and Nautical Power Pte Ltd. The latter is a wholly-owned unit of SapuraKencana.

The subcontract consists of the transportation and installation of jacket, topside and pipelines, including tie-ins, transportation and installation engineering, procurement and provision of riser clamps for risers at existing platforms, pre-commissioning and project management.

In addition, SapuraAcergy Sdn Bhd, a JV company equally owned by SapuraKencana and Subsea 7 SA, has won a subsea services job for the Maharaja Lela South Project from TOTAL E&P Borneo BV.

The contract comprises engineering, procurement, supply, construction, pre-commissioning, transportation and installation of offshore platform and pipeline works together with associated assistance to start-up.

The Brunei job will last for some 20 months.

Meanwhile, its fabrication division Kencana HL Sdn Bhd was awarded a contract for detailed engineering, procurement, construction, and commissioning for the Layang Development facilities project by JX Nippon Oil & Gas Exploration (Malaysia) Ltd.

The project has a tenure of two years and is scheduled to be completed by the second quarter of 2016.

SapuraKencana expects to gain from the contracts starting from the financial year ending Jan 31, 2015 onwards.

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