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 categorically states its zero-tolerance policy towards bribery and corruption. Sapura Energy reiterates that at all times, it conducts its business in accordance with the law and best corporate governance, in line with our corporate values of professionalism, honesty and trust.

In relation to recent news on investigations involving Sapura Energy Berhad and Seadrill for alleged bribery involvement relating to PETROBRAS contracts, Sapura Energy Berhad and its group of companies strongly refute any involvement in any form of bribery or corruption in its business dealings in Brazil and anywhere else in the world.

Sapura Energy Berhad today announced that its President and Group CEO Tan Sri Shahril Shamsuddin is planning to retire after leading the Group for 25 years. Tan Sri Shahril will be stepping down from his post upon reaching the retirement age of 60 on 22 March 2021.  Sapura Energy’s Board of Directors has appointed Datuk Mohd Anuar Taib as Chief Operating Officer and CEO Designate effective 1 October 2020, as part of a six-month transition.