Kuala Lumpur, 26 February 2025

SAPURA ENERGY BERHAD ("Sapura Energy" or "the Company") today announced that its drilling arm (“Sapura Drilling”) have secured multiple contracts with a combined value of approximately RM3.2B (including optional period).

Sapura Drilling won two (2) contracts from PTTEP Energy Development Limited (“PTTEP”) for the provision of its tender assist drilling rigs (“TADR”), Sapura T-17 and Sapura T-18. Both projects will commence in Q2 FY2026, with a five-year firm period and an optional extension of three years.

The team has also secured a contract extension from Cabinda Gulf Oil Company Limited (“CABGOC”), a subsidiary of Chevron, for the tender assist drilling rig Sapura Jaya. The extension, effective from November 2024, will continue for one year, concluding in November 2025.

On top of that, Sapura Drilling was also awarded a contract from ExxonMobil Exploration and Production Malaysia Inc. (“EMEPMI”) for services of the Sapura Berani drilling rig. The project, starting in Q1 FY2026, involves development drilling for a period of thirty (30) months. Another contract has been secured from EnQuest Petroleum Production Malaysia Ltd (“EnQuest”) for services by the Sapura Esperanza rig for drilling activities. This contract commencing in Q1 FY2026, covers the drilling of four (4) development wells, offshore Malaysia.

Leading in TAD Business

Sapura Drilling has firmly positioned itself as the leading tender assist drilling contractor globally, with a fleet of five semi-tender rigs and six tender barge rigs, making it the largest drilling contractor in Southeast Asia by rig count and market share. Sapura Energy's Chief Executive Officer of the Drilling Business, Louay Louis Laham, expressed his confidence in the team’s ability to deliver safe operations paired with sustainable technical solutions, a standard upheld for over five decades.

“Our strength lies in our people, our capabilities, and our partnerships. We not only focus on safety & operational excellence but also on our commitment to collaboration with our clients. That’s how we maintained a consistent track record with top tier clients for more than 50-years of existence”, said Louay.

Sapura Drilling consistently delivers innovative technical and effective commercial solutions, which has strengthened its standing as the preferred and trusted tender assist drilling rig contractor in the industry and across continents.

New wins result in strengthened the Group order book.

The contract wins have strengthened the Group’s order book to a total value of RM8.7 billion while the order book held by its joint ventures stood at RM5.7 billion.

In addition to the drilling contracts, Sapura Energy’s Engineering and Construction (E&C) segment has also secured several key projects, including a pipeline installation in Brazil and asset removal project in Australia, further contributing to the Group’s overall order book.

“These contract wins reflect our ability to deliver value-driven solutions and strengthen client confidence in Sapura Energy. As we grow our order book, we remain committed to operational excellence and long-term value creation”, commented Muhammad Zamri Jusoh, Group CEO of Sapura Energy

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.