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KUALA LUMPUR (November 16): Sapura Energy Bhd’s drilling and engineering and construction (E&C) and drilling segments have secured a total of RM611 million in contracts in Qatar, the Republic of Congo, and in Malaysia and Thailand.
In a bag presentation, the oil and gas firm said its E&C unit won two contracts, one in Qatar and the other in Malaysia and Thailand.
Specifically, its Sapura Fabrication Sdn Bhd – Qatar Branch unit has been chosen to provide engineering, procurement, supply, construction, installation and pre-commissioning services for two No. 16 “pipelines in the Al-Khalij field, Block 6, Qatar by Total E&P Golfe Ltd. The field is an offshore field located 110 km off the coast of Qatar and 40 km northeast of Halul Island The average water depth at the site is 59 m.
“The scope of work for this contract includes the engineering, procurement, supply, fabrication, construction, installation and pre-commissioning of two No. 16 pipes” fabricated with corrosion resistant alloy lined pipe, between the DP4 and DP3 platforms. and DP3 and DP2, “it read.
Works in the Qatar field are scheduled to be completed in the second quarter of fiscal 2022 (2QFY22).
Meanwhile, Sapura Fabrication also signed a contract in the Malaysia-Thailand Joint Development Area (MTJDA). The Sapura unit will provide engineering, procurement, construction, transportation and installation, connection and commissioning of the Contaminated Terminations and Anchors Modification work for the Andalas Pipeline Additional Project for the fourth phase of the MTJDA of Carigali-PTTEPI Operating Company Sdn Bhd .
The scope of work under the contract includes engineering, procurement, onshore construction, shipping and ocean chartering, as well as offshore connection and commissioning of Host Tie-In and Brownfield Modification at Jengka-A Wellhead Platform, Andalas-B Wellhead Platform and MUDA Central Processing Platform and MUDA Central Processing Platforms.
Works for this project are expected to be completed by 3QFY22.
Meanwhile, the drilling unit Sapura Drilling Holdings Ltd received a contract from Total Exploration and Production Congo to provide drilling services through the Tender Assist “Sapura Berani” drilling rig.
The drilling rig will be applied to three wells starting in 4TFY21 for three months at the offshore site, with the option to extend it by one well.
“The contracts announced here will have no effect on the issued capital of the company and are expected to positively contribute to the earnings of Sapura Energy Bhd and its subsidiaries (the group) for the financial year ending January 31, 2021 and subsequent financial period. within the duration of the contracts period, “he said about the financial effects of the contracts.
Sapura’s shares closed 4.55% or half a sen higher at 11.5 sen each, valued at about RM1.84 billion. He saw 287.25 million shares traded.
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