Sapura Energy Berhad (Sapura Energy) won Company of the Year for the Energy Services, Offshore and Marine category at the Asia Pacific (APAC) Energy Awards by Energy Council, against strong competition from leading global industry players.

Shareholders of Sapura Energy Berhad (Sapura Energy) overwhelmingly supported the proposed 50:50 strategic partnership with Austria’s OMV Aktiengesellschaft (OMV AG) at the Extraordinary General Meeting today. The 99.98 per cent approval from shareholders today gives certainty to the completion of the transaction.

Sapura Energy Berhad (Sapura Energy) has successfully raised approximately RM4 billion from its rights issue exercise which closed on 16 January 2019. The Group received 8,138,379,841 of valid acceptances and excess applications for its rights shares with warrants, representing a subscription rate of 81.5 per cent. For its Islamic redeemable convertible preference shares (RCPS-i), the Group saw just above 100 per cent of valid acceptances and excess applications.

Sapura Energy Berhad (Sapura Energy) has secured RM760 million in contract wins for its Drilling and Engineering & Construction businesses. The latest achievements have lifted the value of contract wins to RM9.3 billion for its current financial year. The company’s growing order book will see a higher utilisation of its assets as it gears up for long-term growth across its Services segment.