Sapura Energy Berhad today announced that it has secured major contract wins and extensions in Malaysia and Thailand for its Engineering & Construction (E&C), Operations & Maintenance (O&M) and Drilling segments, with a combined value of approximately RM1.2 billion. The Group continues to sustain its momentum of contract wins in the second quarter of Financial Year 2022 (FY 2022).

Sapura Energy Berhad sustained upward momentum at the start of financial year 2022, posting earnings before interest, taxation, depreciation and amortisation (“EBITDA”) of RM157 million for the first quarter ended 30 April 2021 (“Q1 FY2022”), on the back of RM1.47 billion in revenue. This is a three-fold increase compared to the RM50 million EBITDA posted in the fourth quarter of financial year 2021 (“Q4 FY2021”), which was achieved against revenue of RM1.44 billion.

Sapura Energy Berhad is pleased to announce the appointments of Datuk Iain Lo and Bernard di Tullio to its Board of Directors, effective 1 May, 2021.

Sapura Energy Berhad and its Group of Companies today announced its unaudited full year results for the financial year ended 31 January 2021 (FY2021), posting earnings before interest, tax, depreciation and amortisation (EBITDA) of RM809.3 million on the back of RM5.3 billion in revenue.

Sapura Energy Berhad today announced that its wholly owned subsidiary, Sapura TMC Sdn Bhd (“Sapura TMC”), had executed multi-currency financing facilities agreements (collectively, the “MCF 2021”) to refinance its existing borrowings.

Sapura Energy Berhad announced that its President and Group CEO Tan Sri Shahril Shamsuddin is retiring today, after leading the Group for more than 25 years. Tan Sri Shahril will be succeeded by Datuk Mohd Anuar Taib, who takes over the helm as Sapura Energy Group Chief Executive Officer beginning 23 March 2021.

Sapura Energy Berhad today announced that it has signed an Islamic Facilities Agreement of up to RM700 million with Maybank Islamic Berhad (“Maybank Islamic”). The financing tenure of this facility is up to five years.

Sapura Energy Berhad today announced recent contract wins in its Engineering and Construction (E&C) and Drilling divisions, with a combined value of approximately RM1.85 billion.

Sapura Energy Berhad wishes to clarify that its joint venture with Seadrill, namely Sapura Navegacao Maritima SA, is not impacted by the recent Chapter 11 cases filed by several Seadrill subsidiaries operating in Asia.

Sapura Energy Berhad proved its capability to navigate forward in a challenging environment, announcing its third profitable quarter in financial year 2021.