The Board of Sapura Energy Berhad today announced that the Company has entered into a Conditional Funding Agreement (“CFA”) with Malaysia Development Holding Sdn Bhd, securing the latter’s commitment to subscribe an amount of up to RM1.1 billion in nominal value of redeemable convertible loan stocks in the Company. This investment marks another significant milestone in SEB’s financial restructuring efforts, reinforcing its commitment to long-term sustainability.

The Board of Sapura Energy Berhad today announced that various classes of creditors of Sapura Energy and 22 of its subsidiaries have approved the proposed schemes of arrangement and compromise between the Scheme Companies and their respective Scheme Creditors as part of its debt restructuring plan.

Sapura Energy Berhad today announced that its drilling business have secured multiple contracts with a combined value of approximately RM3.2B.

Sapura Energy Berhad received written confirmation from the Corporate Debt Restructuring Committee on 11 January 2025 that MCF Financiers representing at least seventy-five percent in value of the Multi-Currency Financing Facilities have provided their requisite additional approval-in-principle in respect of certain refinements to the terms of the Proposed Restructuring Scheme proposed by the Company for its debt restructuring exercise.

Sapura Energy Berhad today announced its financial results for the third quarter ended 31 October 2024, demonstrating consistent revenue performance.

Sapura Energy Berhad today announced that its wholly owned subsidiary, Sapura Upstream Assets Sdn Bhd, has completed the sale of its 50 percent equity interest in SapuraOMV Upstream Sdn Bhd to TotalEnergy Holdings SAS.

The Board of Sapura Energy Berhad has announced that both its Chairman Dato’ Mohammad Azlan Abdullah and Group Chief Executive Officer Datuk Mohd Anuar Taib will be leaving their positions in the fourth quarter of the current financial year, passing the mantle to internal successors. Interim Chairman Shahin Farouque Jammal Ahmad will be redesignated as Chairman of the Board, while SapuraOMV Upstream CEO Muhammad Zamri Jusoh will take over as Group CEO.

Sapura Energy Berhad and its group of companies continued to demonstrate resilience in its second quarter of financial year 2025 despite challenging external factors, recording a 5.8 percent increase in revenue year-on-year to RM1.2 billion, up from RM1.14 billion in the second quarter of financial year 2024.

Sapura Energy Berhad began the financial year on a positive note, posting a Group profit after tax and minority interests of RM82 million in the first quarter of financial year 2025. 

Sapura Energy Berhad today announced that its wholly owned subsidiary, Sapura Upstream Assets Sdn Bhd has entered into a conditional Sale and Purchase Agreement to divest its 50 percent equity interest in SapuraOMV Upstream Sdn Bhd to TotalEnergies Holdings SAS.