KUALA LUMPUR (June 21): Leading oil and gas services provider Sapura Energy Bhd has bagged nine new contracts worth approximately RM1.8 billion, bringing its accumulative contract wins to-date to RM4.5 billion for the group.

The combined value of the contracts represent a three-fold jump or an increase of nearly 250% compared to the value achieved in the corresponding period of the previous year, between February to June 2017, the group said in its filing to the exchange today.

Through its wholly-owned subsidiaries, the group will be executing a series of diverse jobs across the upstream value chain in Malaysia, Australia, India and Mexico.

In Malaysia, Sapura Drilling Asia Sdn Bhd has been awarded a contract for the provision of its semi-submersible self-erecting tender assist drilling rig, Sapura Berani, and drilling services from Petronas Carigali Sdn Bhd for three wells in Malaysian waters.

In addition, Sapura Drilling accepted an extension of its contract with Sarawak Shell Bhd/Sabah Shell Petroleum Company Ltd (Shell) for the provision of its semi-tender assist drilling rig Sapura Esperanza.

The contract was combined with an additional assignment by Shell to EQ Petroleum Production Malaysia Ltd.

The purpose-built semi-submersible self-erecting tender assist drilling rig Sapura Esperanza will be used for one well for Shell in F14, offshore Sarawak and two wells for EnQuest at the Seligi field in Block PM8, offshore Terengganu.

Meanwhile, Sapura Fabrication Sdn Bhd has been awarded a contract by its wholly-owned subsidiary, Sapura Exploration and Production (Sarawak) Inc for the provision of Engineering, Procurement and Construction (EPC) for SK408 Larak and Bakong Development Project. The fields will be developed as two separate wellhead platforms tied back to the existing processing facility and the Petroliam Nasional Bhd (Petronas) Malaysia Liquefied Natural Gas (MLNG) complex in Bintulu.

Sapura Fabrication has also been awarded a contract by Sarawak Shell Bhd for the provision of EPC for SK408E Gorek Development and F6 Brownfield Integrated Module Project. The scope comprises EPC works for the Gorek wellhead platform and the new Brownfield Integrated Module on the F6 processing complex.

In Australia, Sapura Energy Australia Pty Ltd won an award to undertake the provision of Riserless Light Well Intervention services for three wells located in the Montara development area, Timor Sea from PTTEP Australasia (Ashmore Cartier) Pty Ltd.

The project will be executed by its DP2 Subsea Construction Vessel, Sapura Constructor, and in-house Light Well Intervention Systems including Intervention Compensation System and Subsea Intervention Device.

In India, Sapura Fabrication which has scored its third contract win during this period, will undertake Subsea Wells and Pipeline Replacement Project V for Oil and Natural Gas Corporation Ltd in India. The contract covers the laying of subsea pipelines, installation of umbilical and topside modification at the platforms.

Additionally, Sapura Offshore Sdn Bhd has secured a lump sum turnkey Engineering, Procurement, Construction, Installation and Commissioning contract from Sikka Ports & Terminals Ltd (formerly known as Reliance Ports and Terminals Ltd).

The scope of work comprises residual engineering and supply of equipment and materials for Berth A2 and modification of Berth D (additional Mooring Dolphin) at the Marine Terminal, Jamnagar, state of Gujarat, India. Sapura Engineering & Construction (India) Pvt Ltd will undertake the construction, erection, installation, testing, pre-commissioning and commissioning support.

Meanwhile in Mexico, SapuraKencana Mexicana, S.A.P.I de C.V has been awarded a contract to undertake Engineering, Procurement and Construction of a gas oil pipeline from PP-Ayatsil-B platform to E-KU-A1 platform (line 16) in the Gulf of Mexico for PEMEX Exploration and Production Mexico.

Sapura Energy president and group chief executive officer Tan Sri Shahril Shamsuddin said that the new contract wins are a continuation of the group’s strategy to expand its global footprint.

“We have had a strong and consistent growth from East to West, successfully strengthening our presence in existing markets while penetrating new markets and forging new partnerships.

“The group’s ability to secure these wins is anchored on our strong in-house capabilities, world-class assets, track record and broadened market reach which we have established and successfully built over the years,” he said.

Sapura Energy shares closed 2.5 sen or 4% lower at 60 sen each, for a market capitalisation of RM3.65 billion.