Archives
SAPURA ENERGY APPOINTS PNB’S PRESIDENT AND GROUP CHIEF EXECUTIVE EN. ABDUL JALIL ABDUL RASHEED AS NEW DIRECTOR
Date: 31.12.2019.

Sapura Energy Berhad is pleased to announce the appointment of En. Abdul Jalil Abdul Rasheed, President and Group Chief Executive of Permodalan Nasional Berhad (PNB), as a Non-Independent Non-Executive Director on the company’s board effective 1 January 2020. He will succeed Datin Paduka Kartini Hj Abdul Manaf, who steps down today after serving the board since 24 April 2019. Sapura Energy is one of PNB’s key strategic companies, in which PNB and its associated funds collectively own a 40% stake.

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SAPURA ENERGY SECURES RM615 MILLION IN NEW CONTRACTS AND EXTENSIONS
Date: 5.12.2019.

Sapura Energy Berhad, a leading global integrated oil and gas services and solutions provider, has secured several new contracts and contract extensions for its Engineering and Construction (E&C) as well as Drilling segments. The contracts, valued at approximately RM615 million, brings the total order book year-to-date to RM15.1 billion, which will increase work volume and utilisation of assets.

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SAPURA ENERGY NARROWS NET LOSS ON IMPROVING REVENUE IN Q2 FY20
Date: 27.09.2019.

Sapura Energy Berhad today announced its financial results for the period ended 31 July 2019 (Q2 FY20), registering an 87 per cent improvement in revenue at RM1.9 billion, compared to RM1.0 billion in the previous corresponding quarter (Q2 FY19). As a result, the Group narrowed its net loss to RM116.3 million during the quarter, compared with a net loss of RM199.2 million in Q2 FY19.

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SAPURAOMV AND PARTNERS INK UPSTREAM GAS SALES AGREEMENT FOR SK408 GAS FIELDS
Date: 6.09.2019.

SapuraOMV Upstream today announced that its whollyowned subsidiary, SapuraOMV Upstream (Sarawak) Inc. and its partners, PETRONAS Carigali Sdn Bhd and Sarawak Shell Berhad have signed the full-term Upstream Gas Sales Agreement (UGSA) with Petroliam Nasional Berhad (PETRONAS) for the Gorek, Larak and Bakong fields under the first development phase of the SK408 Production Sharing Contract (PSC).

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SAPURA ENERGY AWARDED FIRST OFFSHORE WIND FARM CONTRACT AND NINE NEW CONTRACTS TOTALLING RM1 BILLION, SELECTED FOR PETRONAS FRAME AGREEMENT
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.

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SAPURA ENERGY SECURES RM1.3 BILLION NEW WINS, INCLUDING FIRST CONTRACT FOR THE ROYAL AUSTRALIAN NAVY AND ENTRY INTO EGYPT
Date: 12.04.2019.

Sapura Energy Berhad (Sapura Energy) registered a strong start to its financial year with five new contracts valued at approximately RM1.3 billion for its Engineering and Construction as well as Drilling segments. Among the new wins is the Submarine Rescue Service contract for The Royal Australian Navy, which is a first undertaking for the Group. Sapura Energy also marked a new entry into Egypt for works in the Gulf of Suez, along with other wins across Malaysia and Indonesia.

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SAPURA ENERGY REGISTERS FY19 PROFIT-AFTER-TAX ON DISPOSAL GAIN, DECLARES SPECIAL DIVIDEND
Date: 25.03.2019.

Sapura Energy Berhad (Sapura Energy) posted a profit-after-tax and minority interest of RM208 million for the financial year ended 31 January 2019 (FY19), compared to a loss-after-tax and minority interest of RM2.5 billion in the previous year (FY18). This included a gain of RM2.7 billion from the sale of 50 per cent stake in its Exploration and Production (E&P) business, through the strategic partnership with OMV, and a provision for impairment of RM1.5 billion, primarily for Drilling, and Engineering and Construction (E&C) assets. In addition, the Group has declared a special dividend of 0.5 sen per share.

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