OTHERS SAPURAKENCANA PETROLEUM BERHAD - AWARD OF CONTRACTS
Amended Announcements
Please refer to the earlier announcement reference number: GA1-09012017-00014
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 subsidiaries have been awarded contracts with a combined value of approximately USD300 million (approximately RM1.34 billion, based on USD/MYR exchange rate of USD1: RM4.47). ENGINEERING AND CONSTRUCTION Award of Provision of Underwater Services by PETRONAS Carigali Sdn. Bhd. SapuraKencana Subsea Services Sdn. Bhd. (formerly known as SapuraKencana Allied Marine Sdn. Bhd.)(“SKSS”) has been awarded a contract for the provision of underwater services for PETRONAS Carigali Sdn. Bhd. (“PCSB”). The Contract is for a period of 2 years and the work is to be performed on a call-out basis. Award of Provision of Soil Investigation Services by PCSB SapuraKencana GeoSciences Sdn. Bhd. has been awarded a contract by PCSB for the provision of soil investigation services. Award of Provision of Offshore Installation Work of CPP Jacket and Bridge for BARDEGG-2 and Baronia Enhanced Oil Recovery (EOR) Development Project by Hyundai Heavy Industries SapuraKencana TL Offshore Sdn. Bhd. (“SKTLO”) has been awarded a contract by Hyundai Heavy Industries for the provision of offshore installation work of BNCPP-B jacket, foundation piles and bridge structure between BNCPP-B to BNG-B. The work location is in East Malaysia and the contract is scheduled to commence in Q1 2017. Award of Provision of Transportation and Installation of Pipeline, Substructure and Topside for Bunga Pakma Development Project by Repsol Oil & Gas Malaysia Limited SKTLO has been awarded a contract by Repsol Oil & Gas Malaysia Limited (formerly known as Talisman Malaysia Limited) for the provision of transportation and installation of pipeline, substructure and topside for Bunga Pakma Development Project. The Contract is for a period of 12 months. DRILLING Award of Provision of Tender Assist Drilling Rig “SKD Alliance” by Brunei Shell Petroleum Sdn. Bhd. SapuraKencana Drilling Sdn. Bhd. has been awarded a contract by Brunei Shell Petroleum Sdn. Bhd. (“BSP”) for the provision of its Tender Assist Drilling Rig “SKD Alliance” (“SKD Alliance”) (“Contract”). The Contract is scheduled to commence in April 2018 for a firm period of 5 years with options to extend for an additional 5 years. 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 and extension 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 9 January 2017. Remark: Amendment was made to the information on Award for Bunga Pakma Development Project by Repsol Oil & Gas Malaysia Limited. The word "substance" appears on the first paragraph should be read as "substructure". |
Announcement Info
Company Name | SAPURAKENCANA PETROLEUM BERHAD |
Stock Name | SKPETRO |
Date Announced | 09 Jan 2017 |
Category | General Announcement for PLC |
Reference Number | GA1-09012017-00042 |