KUALA LUMPUR (Dec 5): Sapura Energy Bhd hopes to grow its fleet of tender assist drilling rigs used in the oil and gas industry but the plan depends on industry mergers and acquisitions (M&A) or newbuild trends, which will be centred around market direction.
CSO Magazine quoted Sapura Energy senior vice president (drilling business and group performance) Raphael Siri as saying Sapura Energy's drilling arm, Sapura Drilling, wants to ensure it continues to develop into a sustainable and reliable partner for its clients.
"We also hope to grow in terms of our fleet, but this depends on M&A or newbuilds, which will be centred around the direction the market takes,” Siri, who is also chief executive officer of Sapura Drilling, said.
"Overall, we want to continue to be recognised worldwide. It's about driving recognition and reliability, as we move forward," he said.
Sapura Energy claims on its website that it has the world’s largest fleet of tender assist drilling rigs. With more than four decades of experience in tender assist drilling operations, Sapura Energy claims its drilling segment is the world’s leading tender rig owner and operator.
"Headquartered in Malaysia with operations in Asia, Africa and the Americas, the division, at its peak, employed over 2,500 highly-skilled and competent employees, represented by over 50 nationalities. We are proud of our strong heritage, which serves as the foundation for our continued innovation and drive to bring the best drilling solutions to our clients," Sapura Energy said.
At Bursa Malaysia's 12:30pm break today, Sapura Energy's share price settled up 0.5 sen or 1.85% at 28 sen, for a market capitalisation of RM4.32 billion. The counter saw 55.53 million shares traded, making it the top-active stock across Bursa.