Sapura Nets $417M in New Contracts

Sapura Energy has secured new contracts in Mexico and Malaysia valued at approximately $417 million (RM1.75 billion).

Among the latest wins is a contract from Hokchi Energy for Sapura Energy’s wholly-owned subsidiary in Mexico to undertake offshore engineering, procurement, transportation, installation and pre-commissioning and commissioning (EPCIC) works in the Hokchi Field Development in the Gulf of Mexico. The scope will include fabrication and installation of a central wellhead platform and a satellite platform that will be connected to Hokchi Paraiso, an onshore processing facility.

Sapura Energy has also been awarded a contract from ENI Mexico to undertake engineering, transport, construction, installation and pre-commissioning of sealine and onshore pipeline for the Offshore Block Area 1 in the Gulf of Mexico. Additionally, the scope will involve fibre optic cabling, and transportation and installation of the Mizton wellhead platform at water depths of approximately 40 meters.

Another significant win is a five-year contract for the provision of Pan Malaysia Underwater Services awarded under the Petroleum Arrangement Contractors (PAC). The contract will be undertaken by Sapura Energy’s wholly-owned subsidiary, Sapura Subsea. The PAC consists of Sarawak Shell and Sabah Shell Petroleum Company; Murphy Sarawak Oil Co. and Murphy Sabah Oil Co.; Repsol Oil & Gas Malaysia; and Kebabangan Petroleum Operating Company.

Sapura Subsea will undertake underwater services which includes the utilisation of its vessels, air and saturation diving, and remotely operated vehicles. The scope will also cover inspection, maintenance and repair works to support the PACs’ underwater facilities located offshore in East Coast Malaysia.

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