Sapura Energy bags contracts worth RM815mil

President and group chief executive officer Tan Sri Shahril Shamsuddin said the company aims to return to the black when the utilisation of its drilling and E&C business crosses the 70% mark.

KUALA LUMPUR: Sapura Energy Bhd has secured three new contracts and a contract extension valued at approximately RM815mil in Australia, Brunei, Malaysia and Nigeria, bringing the group's total value in contract wins in the current financial year to-date to RM5.3bil.

President and Group Chief Executive Officer Tan Sri Shahril Shamsuddin said sustained high oil prices had encouraged recovery in investments, which is driving increased activities.