Sapura Energy bags contracts worth RM766mil

KUALA LUMPUR: Sapura Energy Bhd said it has secured oil and gas related contracts across the Asean region worth a combined RM766mil.

The projects includes pipeline works in Brunei, Singapore and Thailand, a contract to retire an offshore asset in Thailand, as well as an umbrella contract from Hess Exploration and Production Malaysia BV for transport and installation of offshore facilities in Malaysia.

The contracts, Sapura Energy said, are expected to contribute positively towards its earnings for the financial year ending Jan 31, 2021 and the financial period thereafter within the duration of the contracts period.