Sapura bags $417 million worth batch of contracts

One of Sapura’s vessels; Source: Sapura

Malaysia’s Sapura Energy has won several contracts in Mexico and Malaysia valued at approximately RM1.75 billion ($417 million).

Sapura said on Wednesday that the new contracts lifted the company’s order book to RM18 billion ($4.3 billion) and total contract wins to-date for this financial year to RM7 billion ($1.7 billion).

Among the latest wins is a contract from Hokchi Energy for Sapura Energy’s wholly-owned subsidiary in Mexico to undertake offshore engineering, procurement, transportation, installation and pre-commissioning and commissioning (EPCIC) works in the Hokchi field development in the Gulf of Mexico.

The scope will include fabrication and installation of a central wellhead platform and a satellite platform that will be connected to Hokchi Paraiso, an onshore processing facility.

Sapura Energy also won a contract from Eni Mexico to undertake engineering, transport, construction, installation, and pre-commissioning of sealine and onshore pipeline for the Offshore Block Area 1 in the Gulf of Mexico.

Additionally, the scope will involve fiber optic cabling and transportation and installation of the Mizton wellhead platform at water depths of approximately 40 meters.

Another significant win is a five-year contract for the provision of Pan Malaysia Underwater Services awarded under the Petroleum Arrangement Contractors (PAC).

The contract will be undertaken by Sapura Energy’s wholly-owned subsidiary, Sapura Subsea Services. The PAC consists of Sarawak Shell Bhd and Sabah Shell Petroleum Company Limited, Murphy Sarawak Oil and Murphy Sabah Oil, Repsol Oil & Gas Malaysia, and Kebabangan Petroleum Operating Company.

According to the company, Sapura Subsea will undertake underwater services which include the utilization of its vessels, air and saturation diving, and remotely operated vehicles. The scope will also cover inspection, maintenance and repair work to support the PACs’ underwater facilities located offshore in East Coast Malaysia.

The contract is for a period of five years and the works performed is based on a call-out basis. The works are expected to be completed by the third quarter of 2023.

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