PETALING JAYA: It may take until the second half of 2026, at the earliest, for debt-laden Sapura Energy Bhd
to qualify for the revocation of its Practice Note 17 (PN17) status.
UOB Kay Hian (UOBKH) Research also said that the six pipelay support vessels (PLSV) – operated by Sapura’s Brazilian joint venture (JV) – are more than enough to service Sapura’s yearly debt repayments of RM200mil to RM700mil for the first seven years.
