SapuraKencana Petroleum Bhd will be well-positioned to target large-scale and lucrative oil and gas projects in and outside Malaysia given the recent acquisition of Quippo Prakash Marine Holdings Pte Ltd (QP), says OSK Research.
SapuraKencana has announced that PETRONAS has exercised its option to extend the contract, originally signed in December 2009, for the transportation and installation of offshore oil and gas facilities, for one year (2013).
SapuraKencana Petroleum Bhd’s wholly owned subsidiary in Australia, SC Project Pty Ltd, has secured a A$51 million (RM157.54 million) contract from Origin Energy Resources Ltd for the Origin Otway Phase 3 Development
SapuraCrest and Kencana Petroleum have carried out a merger plan through a joint listing on Malaysian bourse that has created a 10 billion ringgit ($3.2 billion) Malaysian outfit with sufficient bulk to compete with the world’s top integrated oilfield services providers
SapuraCrest president Shahril Shamsuddin and Kencana Petroleum Chief executive Mokhzani Mahathir have been the poster-boys of Malaysia’s contracting sector since the merger of two leading Malaysian offshore players was announce last year