"SapuraKencana Petroleum Bhd is seeking to expand operations in Mexico as it taps growth in the Americas. SapuraKencana Petroleum may set up a base and enter into joint ventures in the North American nation."
SapuraKencana Petroleum Bhd has launched its first pipe-laying support vessel (PLSV) for state-run Petrobras off Brazil, ahead of schedule. The company expects this new operations to start contributing to the group's revenue soon.
SapuraKencana Petroleum Bhd announced US$700 million worth of contracts for its drilling rig division and a US$415 million engineering, procurement, construction, installation and commisioning (EPCIC) contract.
SapuraKencana Petroleum Bhd is eyeing expansion opportunities in existing and new markets following its recent US$1.1 billion contract wins.
On a YoY comparison, SapuraKencana Petroleum Bhd's 1QFY15 earnings surged by 134% propelled by the Seadrill Ltd tender rig acquisition in April 2013, and the maiden contribution of the Newfield assets.
SapuraKencana Petroleum Bhd's wholly-owned drilling subsidiaries had been awarded with three new contracts from Petronas Carigali and Chevron Thailand as well as a contract extension for BP Trinidad & Tobago worth US$700 million.
SapuraKencana Petroleum Bhd has bagged three new contracts and a contract extension worth a combined US$700 million (RM2.25 billion).
SapuraKencana Petroleum Bhd said it made 4 discoveries of natural gas in the SK408 production sharing contrack (PSC) area, offshore Sarawak recently. The discoveries were made by its wholly owned unit, SapuraKencana Energy Sarawak Inc (SKE) which is alos the operator of the block.
Sapurakencana Petroleum Bhd remains on the Securities Commision Malaysia's (SC) list of syariah compliant as at May 30, 2014. There were earlier concerns that the stock may fall off the syariah list given that its non-syariah compliant borrowings had risen above the 33% threshold of its total assets.
SapuraKencana Petroleum Bhd announced five new job wins across three divisions: (i) drilling, (ii) offshore construction and subsea services (OCSS) and (iii) fabrication, hook-up and commisioning (FAB & HUC). The five contracts are worth a total of US$312 milliion ( RM1 billion).