Date: 27.06.2019.

Sapura Energy Berhad (Sapura Energy) has been awarded 10 new contracts for its Engineering & Construction and Drilling segments, valued at approximately RM1 billion. The new contract wins, secured across Malaysia, Thailand, Taiwan and Australia, include Sapura Energy’s first offshore wind farm contract. In addition, Sapura Energy has been selected for a frame agreement with Petroliam Nasional Berhad (PETRONAS) for fixed offshore structure works.

In line with its growth strategy, Sapura Energy has continued to establish a stronger presence in existing core markets, enter new markets and expand its scope of services. Its growing order book is expected to increase asset utilisation and contribute to improving the Group’s financial performance.

First offshore wind farm contract

Sapura Offshore Sdn Bhd (Sapura Offshore) has been awarded a contract by Yunneng Wind Power Co. Ltd. for the provision of Transportation and Installation (T&I) of offshore wind turbine substructures.The scope consists of transportation and installation of substructures (foundations) for offshore wind turbines at the Yunlin Offshore Wind Farm in Taiwan.

Long-term frame agreement with PETRONAS

Sapura Fabrication Sdn Bhd (Sapura Fabrication) has secured a six-year frame agreement from PETRONAS for the provision of Engineering, Procurement and Construction (EPC) of fixed offshore structure works. The agreement consists of two packages, namely for fixed offshore structures of weight exceeding 7,500 metric tonnes (MT) and fixed offshore structures of weight not exceeding or equal to 7,500 MT.

The frame agreement is applicable for projects under the Petroleum Arrangement Contractors including PETRONAS Carigali Sdn Bhd, Sarawak Shell Bhd /Sabah Shell Petroleum Company Limited, Murphy Sarawak Oil Co., Ltd. / Murphy Sabah Oil Co. Ltd., Repsol Oil & Gas Malaysia Limited, and ExxonMobil Exploration and Production Malaysia Incorporated.

Mobilising three drilling rigs in Malaysia and Thailand

For its Drilling segment, Sapura Drilling Asia Sdn Bhd won a contract from Sarawak Shell Berhad and Sabah Shell Petroleum Company Limited for the provision of its semi tender-assisted drilling rig, Sapura Esperanza. The scope comprises the provision of its semi-submersible tender assisted drilling rig services or the F14 field, offshore Malaysia, for two wells with multiple extension periods cumulating to 17 additional wells in aggregate.

Sapura Drilling Asia also secured a contract from PETRONAS Carigali Sdn Bhd for the provision of its tender-assisted drilling rig, Sapura T-10, for the West Lutong Drilling Programme. The contract covers drilling rig services for four wells at the West Lutong Field, with extension options of one-plus-one well.

Additionally, Sapura Drilling Asia Limited, has been awarded a contract by Chevron Thailand Exploration & Production Limited for the provision Sapura T-18. The work entails tender-assisted drilling rig services
offshore Thailand.

Delivering a range of E&C services and solutions

Sapura Offshore has been awarded with a contract for the provision of T&I of subsea flexible pipelines and risers for the Layang Development Project by JX Nippon Oil & Gas Exploration (Malaysia) Limited. The Layang field, located offshore Sarawak, Malaysia, is developed from an unmanned wellhead platform connected with a subsea flexible pipeline to a Floating Production Storage and Offloading.

Sapura Projects Pty Ltd secured a contract from Cooper Energy Limited for the provision of subsea services associated with repairs of the subsea umbilical system for the Casino Henry and Netherby Electrical Umbilical Backbone Repair Project in offshore western Victoria, Australia. The contract includes the modification of existing and installation of the new subsea umbilical and ancillary appurtenances from Casino 5 UTA to Netherby, which form part of the Casino Henry and Netherby Electrical Backbone Repair project.

Meanwhile, in the Gulf of Thailand, Sapura Energy (Thailand) Limited was awarded two contracts by PTT Exploration and Production Public Company Limited (PTTEP) and PTTEP International Limited (PTTEPI).

Sapura Energy Thailand is undertaking engineering, procurement, construction and installation works for the FS02 Riser Hose Replacement. The scope comprises project management, engineering, procurement, fabrication, load-out and offload, sea fastening, transportation and installation, hook-up, tie-in and pre-commissioning for four sections of the new flexible riser hoses at the Bongkot gas field, at water depths of approximately 80 metres.

Under a three-year contract with PTTEP and PTTEPI, Sapura Energy Thailand will also undertake Remotely Operated Vehicle (ROV) inspection services for subsea inspection, repair and maintenance in the Bongkot and Arthit gas fields, mainly for structural inspection, pipeline inspection, freespan correction and associated miscellaneous works.

Strong capabilities and track record in Light Well Intervention

Building on its Light Well Intervention (LWI) capabilities and track record in Australia, Normand Sapura Pty Ltd has secured an LWI contract in two wells on the North West Shelf from Woodside Energy Limited. The scope of work for WA03 and WA-11 includes wireline and slickline operations including the installation of suspension plugs, performing production logging tool runs and installation of straddle patches as required.

Normand Sapura has also been awarded with a contract for the Pluto PLA-07 Light Well Intervention and Christmas tree (XT) Installation by Woodside Burrup Pty Ltd. Works for PLA-07 RLWI include well jumper fabrication and installation, subsea XT installation, hydraulic flying lead and electrical flying lead installation, suspension plug recovery, and pre-commissioning.

Cautionary note: “Sapura Energy”, “the group” and “the company” are used for convenience where references are made to Sapura Energy Berhad in general. Similarly, words like “we”, “us” and “our” are used to refer to Sapura Energy Berhad in general or to those who work for the company and its subsidiaries, where relevant. This press release may contain forward-looking statements. All statements other than statements of historical facts included in this press release, including, without limitation, those regarding our financial position, financial estimates, business strategies, prospects, plans and objectives for future operations, are forward-looking statements. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or industry results to be materially different from any future results, performance, or achievements expressed or implied by such forward-looking statements. Such forward-looking statements are based on numerous assumptions regarding our present and future business strategies and the environment in which we will operate in the future. Such forward-looking statements reflect our current view with respect to future events and are not a guarantee of future performance. Forward-looking statements can be identified by the use of forward-looking terminology such as the words “may”, “will”, “would”, “could”, “believe”, “expect”, “anticipate”, “intend”, “estimate”, “aim”, “plan”, “forecast” or similar expressions and include all statements that are not historical facts.