Sapura Energy gets contracts totalling RM905m

UOB Kay Hian Research kept a

KUALA LUMPUR: Sapura Energy Bhd group has secured contracts totalling RM905mil from Petronas Carigali, Hess Exploration And Production Malaysia B.V., Malaysia Marine and Heavy Engineering Sdn Bhd (MMHE) and Mumbai Port Trust.

The oil and gas services company announced on Monday that Sapura Fabrication Sdn. Bhd had secured a contract for the Kinarut ERB West compressor upgrading project for Petronas Carigali.

It said the contract will be for three years expiring in fourth quarter of 2020.

Sapura Fabrication also secured a job from Petronas Carigali for the Bokor Betty brownfield and rejuvenation.

The contract will be for 4 ½ years expiring in second quarter of 2022.

Sapura Fabrication also secured a contract from Hess for FFD Phase 2 Facilities, North Malay Basin. It would undertake the building of a conventional three-legged terminal wellhead platform and a minimal wellhead platform, with associated pipelines. 

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

Meanwhile, Sapura Offshore Sdn Bhd secured a contract to undertake transportation and installation for the Bokor central processing platform project for MMHE.

The scope of work comprises of transportation and installation of jackets, piles, bridges and appurtenances and is expected to be completed by March 2020.

Sapura Offshore also bagged a contract to provide offshore/onshore pipeline and terminal works for fifth oil berth project for Mumbai Port Trust.

It said the work comprises of installation of 42-inch diameter submarine pipeline with a five-inch diameter composite cable between onshore terminal at Pir Pau in Mumbai to the terminal at Jawahar Dweep. The works are expected to be completed by May 2019.