OTHERS SAPURAKENCANA PETROLEUM BERHAD - AWARD OF CONTRACTS
SAPURAKENCANA PETROLEUM BERHAD |
Type | Announcement |
Subject | OTHERS |
Description | SAPURAKENCANA PETROLEUM BERHAD - AWARD OF CONTRACTS |
INTRODUCTION The Board of Directors of SapuraKencana Petroleum Berhad (“SapuraKencana” or “Company”) (“Board”) is pleased to announce that its wholly-owned subsidiary, SapuraKencana TL Offshore Sdn Bhd (“SKTLO”) has been awarded contracts with a combined value of approximately USD65.3 million (approximately RM264 million, based on USD/MYR exchange rate of USD1: RM4.04). ENGINEERING AND CONSTRUCTION Award of Provision of Transportation and Installation of Offshore Facilities for BOC-BOD Pipeline Replacement Tie-in Project by Repsol Oil and Gas Malaysia Limited SKTLO has been awarded a contract by Repsol Oil and Gas Malaysia Limited (formerly known as Talisman Malaysia Limited) for the transportation and installation of offshore facilities for Year 2014-2016 – BOC-BOD Pipeline Replacement Tie-In Project (“Repsol Contract”). Award of Provision of Demobilisation of Floating Storage and Offloading (FSO) ABU Project by MISC Offshore Floating Terminals (L) Limited SKTLO has been awarded a contract by MISC Offshore Floating Terminals (L) Limited for the provision for demobilisation of Floating Storage and Offloading (FSO) ABU Project (“MISC Contract”). Award of Provision of Offshore Installation for LQ Jacket, Piles and Appurtenances (Base Scope) and Module 1 (Optional Scope) for Su Tu Trang Field in Vietnam by PTSC Offshore Services Joint Stock Company SKTLO has been awarded a contract by PTSC Offshore Services Joint Stock Company for the offshore installation of LQ jacket, piles and appurtenances (base scope) and module 1 (optional scope) (“PTSC Contract”). Award of Provision of Transportation and Installation of Pipeline, Substructure and Topside for F12 Gas Development Project by PETRONAS Carigali Sdn. Bhd. SKTLO has been awarded a contract by PETRONAS Carigali Sdn. Bhd. for the provision of transportation and installation of pipeline, substructure and topside for F12 Gas Development Project (“PETRONAS Carigali Contract”). Award of Provision of Transportation and Installation of Offshore Faciliites for Guntong Pipelay Project by ExxonMobil Exploration and Production Malaysia Inc. SKTLO has been awarded a contract by ExxonMobil Exploration and Production Malaysia Inc. (“EMEPMI”) for the provision of transportation and installation of offshore facilities for Guntong Pipelay Project (“EMEPMI Contract”). The scope of work consists of transportation and installation of one new pipeline from Tapis Q to Guntong C. FINANCIAL EFFECTS RISK FACTORS DIRECTORS’ AND MAJOR SHAREHOLDERS’ INTERESTS None of the Directors and/or major shareholders of the Company and/or persons connected with them have any direct or indirect interest in the award of the contracts herein. DIRECTORS’ STATEMENT The Board is of the opinion that the acceptance of the contracts herein is in the best interest of the Company. This announcement is dated 1 September, 2016. |
Announcement Info
Company Name | SAPURAKENCANA PETROLEUM BERHAD |
Stock Name | SKPETRO |
Date Announced | 01 Sep 2016 |
Category | General Announcement for PLC |
Reference Number | GA1-01092016-00015 |