PETALING JAYA: The slew of engineering and construction contracts worth US$65.3mil (RM264mil) bagged by SapuraKencana Petroleum Bhd (SapKen) unit SapuraKencana TL Offshore Sdn Bhd recently have received mixed reviews from analysts, although generally they deemed it positive for the oil and gas company.
The five contracts, which range from one to eight months’ duration, include Repsol Oil and Gas Malaysia Ltd’s BOC-BOD Pipeline Replacement Tie-in project to provide Transportation and Installation (T&I) of Offshore Facilities, the Demobilisation of Floating Storage and Offloading (FSO) ABU project for MISC Offshore Floating Terminals (L) Ltd and PTSC Offshore Services Joint Stock Company’s Offshore Installation for LQ Jacket, Piles and Appurtenances (base scope) and Module 1 (optional scope) for Su Tu Trang Field in Vietnam.