Sapura Energy gets US$1.8bil worth of PLSV-related contracts

PETALING JAYA: Sapura Energy Bhd’s joint venture entities, Seabras Sapura Holding GmbH and Seabras Sapura Participacoes SA, have been awarded contracts worth US$1.8bil for its six multi-purpose pipe-laying support vessels (PLSVs), as part of a competitive Petrobras tender process.

In a filing with Bursa Malaysia, Sapura said the contracts were offered to Seagems Solutions Ltda, Sapura Diamante GmbH, Sapura Topazio GmbH, Sapura Jade GmbH, Sapura Onix GmbH and Sapura Rubi GmbH, which are entities of Seabras Sapura Holding and Seabras Sapura Participacoes. Sapura Energy, through its wholly-owned subsidiary, Sapura Offshore Sdn Bhd, holds 50% equity interests in these joint venture companies.