Kuala Lumpur, 17 September 2020
Sapura Energy Berhad, a leading global integrated oil and gas services and solutions provider, has announced two major project wins in South America, as well as a drilling contract win in the Ivory Coast.
The total value of the three contracts is RM840 million, bringing the company’s total wins to-date to RM1.6 billion, in FY2021.
The new 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 has aimed to capture opportunities still available in addressable markets for oil and gas services, deepening its presence in the fastest growing regions like South America, Africa and Middle East.
In South America, Sapura Energy strengthened its hold as its subsidiary Sapura Energy Mexicana S.A.P.I. de C.V. secured the engineering, procurement, construction and installation scope for the Eni Mexico S. de R. L. de C.V. Amoca Project – Offshore Block Area 1 in Mexico.
The contract entails the transportation and installation of the Amoca Platform and the pipeline and subsea cable interconnecting the Amoca and Mizton platforms with the Floating Production Storage and Offloading (FPSO) unit. The works are expected to be completed by Q4 FY2022.
Sapura Energy has completed multiple projects in Mexico, after its maiden entry in 2015.
In Brazil, Sapura Energy builds upon its longstanding relationship with Petróleo Brasileiro S.A. (Petrobras), as the national oil company awarded Sapura Navegação Marítima S.A. (“SNM”) twelve-months extension on the contract for the operation of pipe-laying support vessel Sapura Esmeralda.
The scope of work comprises the provision of services and charter for the installation and recovery of flexible pipes, by utilising Sapura Esmeralda in Brazilian waters. The existing contract is expected to complete by April 2021 and the twelve (12) months extension will commence immediately after the duration of the original contract of Sapura Esmeralda ends.
SNM is wholly-owned by Seabras Sapura Participações S.A., a joint venture company between Sapura Offshore Sdn Bhd and a subsidiary of Seadrill Limited.
Meanwhile Sapura Energy marked its re-entry into Ivory Coast, as Foxtrot International LDC has awarded Sapura Drilling Holdings Limited a contract for the provision of its Tender Assist Drilling Rig Sapura Berani services in the country. Sapura Energy’s drilling arm provided similar services for Foxtrot International LDC’s drilling campaign in Ivory Coast in 2015 to 2016.
The contract scope comprises the provision of semi tender-assist drilling rig services for three wells, offshore Ivory Coast, commencing in Q1 FY2022. It includes the option of one well extension. With this contract, Sapura Energy will have two of its rigs operating in the African continent. Its semi-submersible tender assisted drilling rig Sapura Jaya is currently working offshore Angola.
Note: Sapura Energy’s fiscal year FY2021 is from 1 February 2020 to 31 January 2021.
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