Date: 10.02.2021.

Kuala Lumpur, 10 February 2020

Sapura Energy Berhad (Sapura Energy), a leading global integrated oil and gas services and solutions provider, today announced recent contract wins in its Engineering and Construction (E&C) and Drilling divisions, with a combined value of approximately RM1.85 billion.

The awards include the Purchase Order 59 (CRPO 59) contract from the Saudi Arabian Oil Company (Saudi Aramco), issued under a Long-Term Agreement (LTA) signed with the oil and gas producer.

CRPO 59 was awarded to Sapura Fabrication Sdn. Bhd. and Sapura Saudi Arabia Company, involving projects in the Zuluf, Ribyan and Abu Safah oil fields, offshore Saudi Arabia.

Its scope of work includes the engineering, procurement, fabrication, transportation & installation and pre-commissioning of jackets for three new wellhead platforms at the three oil fields, expected to be completed by the first quarter of calendar year 2022.

“We are honoured to be awarded the CRPO 59 contract by Saudi Aramco, one of the world’s biggest oil and gas producers,” said Sapura Energy President and Group Chief Executive Officer Tan Sri Shahril Shamsuddin. “This is a significant win for Sapura Energy, proving our technical capabilities. It also strengthens our strategy to grow the business and expand our presence in the Middle East.”

Sapura Energy was selected as Saudi Aramco’s LTA contractor in 2018, after successfully undergoing an extensive assessment of operational and safety requirements.

The new contract wins demonstrate Sapura Energy’s resilience in a challenging environment, progressing the company’s strategy of leveraging on its agility and assets to expand international reach.

Sapura Energy aims to capture growing opportunities in addressable markets in the energy industry, by deepening its presence in the fastest growing regions and industry segments.

In Thailand, Sapura Energy (Thailand) Limited has secured a contract for the installation of wellhead platforms and pipelines and the removal of wellhead platforms from Chevron Thailand Exploration and Production Ltd. (CTEP), Chevron Offshore (Thailand) Ltd. and Chevron Pattani Ltd. The works are expected to be completed by fourth quarter of financial year (FY) 2022.

In FY 2021 Sapura Energy (Thailand) Limited completed CTEP’s asset retirement offshore removal campaign, involving the first ‘Rigs to Reef’ project in Thailand. The initiative included relocating idle platforms to create artificial reefs, serving as a valuable habitat for marine life.

At its home base in Malaysia, Sapura Offshore Sdn. Bhd. was awarded the transportation and installation of offshore pipelines under the Pan Malaysia Transportation and Installation of Offshore Facilities umbrella contract, by PTTEP Sarawak Oil Limited.

The contract scope of work comprises the transportation and installation of approximately ten kilometres of underwater pipeline, offshore Sarawak. The works are expected to be completed by May 2021.

Sapura Offshore Sdn. Bhd. also won a sub-contract for the transportation and installation of a wellhead platform jacket and topside at the Kasawari Gas Development Project, by Heerema Marine Contractors.

The scope of work comprises project management, procurement and subcontract as well as engineering works; expected to be completed by second quarter of calendar year 2021.

Sapura Geosciences Sdn. Bhd. has received a Letter of Award from PETRONAS Carigali Sdn. Bhd.  for the provision of marine site investigation and pipeline route survey services at the Bestari field, offshore Sabah. The works are expected to be completed by second quarter FY 2022.

Meanwhile, Sapura Baker Hughes TPS Sdn. Bhd. (formerly known as Sapura GE Oil & Gas Services Sdn. Bhd.) has won a contract from Malaysia LNG Sdn. Bhd. for the comprehensive maintenance of Baker Hughes-supplied turbomachinery equipment under a long-term service agreement. The contract is for nine and a half years, effective February 2021.

Sapura Baker Hughes TPS Sdn. Bhd. is a joint venture company between Sapura Services Sdn. Bhd., a wholly-owned subsidiary of Sapura Energy and Baker Hughes Energy Systems (Malaysia) Sdn. Bhd. (formerly known as GE Power Systems (Malaysia) Sdn. Bhd.)

Sapura Energy’s drilling arm continues to demonstrate its reliability as a trusted oil and gas partner. Sapura Drilling Sdn. Bhd., its Bruneian entity, has secured a contract extension for its semi-submersible tender assisted drilling rig, Sapura Pelaut, from long-time partner Brunei Shell Petroleum Co. Sdn. Bhd.

The Sapura Pelaut contract extension covers a firm period of one hundred and forty-five (145) days commencing April 2021, in Bruneian waters. Sapura Pelaut has been operating there for almost 27 years.

Note: Sapura Energy’s fiscal year FY2022 is from 1 February 2021 to 31 January 2022.

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