Sapura Energy Berhad wishes to announce that on 6th June 2023 the High Court of Malaya granted Sapura Energy and 22 of its wholly owned subsidiaries an extension period of nine months for the Convening and Restraining Orders granted in their favour, from 11 June 2023 to 10 March 2024. The Orders, which had initially been granted by the Court on 8 March 2023 pursuant to Sections 366 and 368 of the Companies Act, were set to expire on 11 June 2023.

Sapura Energy Berhad is pleased to announce the appointment of two new board members, Wan Mashitah Binti Wan Abdullah Sani and Datuk Nur Iskandar Bin A Samad, as Independent Non-Executive Directors, effective 26 May 2023. Both directors are seasoned energy industry professionals, and their leadership experience will be invaluable to Sapura Energy as it executes its Reset plans and looks to grow in the future.

Sapura Energy Berhad and its subsidiaries today announced unaudited preliminary full year results for the financial year ended 31 January 2023, showing noteworthy progress in efforts to regain operational stability.

Sapura Energy Berhad and 22 of its wholly owned subsidiaries obtained new orders from the Court today, pursuant to sections 366 and 368 of the Companies Act 2016, to summon meetings of each of their respective scheme creditors and to restrain legal actions or proceedings from being commenced or continued against any of the Entities for a period of 3 months, commencing from 11 March 2023.

Sapura Energy Berhad and its group of companies today announced its financial results for the third quarter ended 31 October 2022, recording profit after tax and minority interests of RM10 million, on the back of positive earnings before interest, taxes, depreciation, and amortisation of RM246 million, and revenue of RM1.28 billion.

Sapura Energy Berhad announced two new appointments to their Executive Committee, effective 14 November 2022. Dominique de Soras has been appointed as the new Chief Executive Officer (CEO) of Sapura Energy’s Engineering & Construction business, while Norzaimah Maarof has been announced as the new Group General Counsel.

Sapura Energy Berhad and its group of companies announced results for the second quarter of financial year 2023 (Q2 FY2023), recording positive earnings before interest, taxes, depreciation, and amortisation (EBITDA) of RM313 million, and revenue of RM1.17 billion.

Sapura Energy Berhad today announced the appointment of Mr Lim San Peen as the Interim Liquidator for Sapura Project Services Sdn. Bhd. (SPSSB). SPSSB is a subsidiary of Sapura Technology Solutions Sdn. Bhd., a wholly owned subsidiary of Sapura Energy. SPSSB is not a major subsidiary of Sapura Energy as defined under Chapter 1 of the Main Market Listing Requirements.

Sapura Energy Berhad is pleased to announce that a joint venture company under its Engineering and Construction (E&C) segment has been awarded an extension of a charter and service contract by Petróleo Brasileiro S.A. (Petrobras) in Brazil. The two-year contract extension, for its pipe laying support vessel (PLSV) Sapura Esmeralda, is valued at approximately RM580 million.

Sapura Energy Berhad and its group of companies announced positive financial results in the first quarter of financial year 2023 (Q1 FY2023), posting Group profit after tax and minority interests (PATAMI) of RM92 million, on the back of earnings before interest, taxes, depreciation, and amortisation (EBITDA) of RM250 million and revenue of RM886 million.