Sapura Energy Bhd has managed to clinch six major contract wins in the Asia-Pacific and Atlantic region, with a combined value of RM2.7 billion through wholly-owned subsidiaries and joint-venture companies.
The company said its drilling business segment continues to receive new contracts under the current market conditions and is expected to increase its asset utilisation rate, from the current eight rigs in operations, to eleven rigs by the end of 2023.
The scope of the contract includes work on the the supply of a pipelay support vessel, installation of new subsea manifolds, subsea pumps, flexibles, jumpers and umbilicals for three new wells and disconnecting the existing early production system.
Sapura Drilling Asia Ltd showcased its ability to deliver promises in Thailand when it was awarded with three new long-term contracts for its offshore tender-assist drilling rigs Sapura T-10, Sapura T-11 and Sapura T-12 from PTTEP Energy Development Company Ltd.
These new contracts from PTTEP will commence in the third quarter (Q3) of 2022. Sapura Drilling also obtained an award for a new drilling campaign, offshore Malaysia.
Sapura Energy said it has strengthened its presence in the Atlantic region with an engineering, procurement, construction and installation subsea umbilicals, risers and flowlines contract award by Enauta Energia SA to Sapura Energy Do Brasil and its consortium partner, Sapura Navegação Marítima S.A
The group added that through its subsidiary Sapura Offshore Sdn Bhd, its E&C segment has been awarded a transportation and installation contract by Hess Exploration And Production Malaysia B.V.
The contract scope of work includes transportation and installation of a 51 km pipeline, three wellhead platforms, two flexible pipelines and subsea facilities in the North Malay Basin development,” it said, adding that the contract commenced in the second quarter of 2022 for eight months excluding the warranty period.
The contract commenced in the Q1 of 2022 for a duration of 33 months and is expected to achieve its first oil in 2024.