Announcements


Date : 16 November 2020

OTHERS SAPURA ENERGY BERHAD AWARD OF CONTRACTS

SAPURA ENERGY BERHAD

Type Announcement
Subject OTHERS
Description
SAPURA ENERGY BERHAD 
 AWARD OF CONTRACTS

INTRODUCTION

Sapura Energy Berhad (“Sapura Energy" or the “Company”) is pleased to announce that its wholly-owned subsidiaries in Engineering and Construction (E&C) and Drilling have been awarded several contracts with a combined value of approximately RM611 million.

Details of each contract (“Contracts”) are as summarised below:

 

Engineering & Construction:

Qatar

AWARD OF CONTRACT FOR THE PROVISION OF ENGINEERING, PROCUREMENT, SUPPLY, CONSTRUCTION, INSTALLATION AND PRE-COMMISSIONING OF PIPELINES IN AL-KHALIJ FIELD FROM TOTAL E&P GOLFE LIMITED

Sapura Fabrication Sdn Bhd - Qatar Branch has been awarded a contract for the provision of engineering, procurement, supply, construction, installation and pre-commissioning of 2 Nos 16” pipelines in Al-Khalij Field, Block 6 in Qatar by Total E&P Golfe Limited.

The scope of work for this contract includes the engineering, procurement, supply, fabrication, construction, installation and pre-commissioning of 2 Nos 16” pipelines made of pipes lined with corrosion resistant alloy, between DP4 & DP3 and DP3 & DP2 platforms. The Al-Khalij field is located offshore Qatar approximately 110 km east of the mainland coast and approximately 40 km North East of Halul Island. The average water depth in the field is 59 m.

The works are expected to be completed by Q2 FY2022.

 

Malaysia - Thailand

AWARD OF CONTRACT FOR THE PROVISION OF ENGINEERING, PROCUREMENT, CONSTRUCTION, TRANSPORTATION & INSTALLATION AND HOOK-UP & COMMISSIONING FOR ADDITIONAL ANDALAS PIPELINE PROJECT PHASE 4 DEVELOPMENT BY CARIGALI-PTTEPI OPERATING COMPANY SDN BHD

Sapura Fabrication Sdn Bhd has received an award for the provision of engineering, procurement, construction, transportation and installation as well as hook up and commissioning of Host Tie-In And Brownfield Modification Work For Additional Andalas Pipeline Project For Phase 4 Development in the Malaysia-Thailand Joint Development Area (MTJDA) from Carigali-PTTEPI Operating Company Sdn Bhd.

The contract scope of work comprises of engineering, procurement, onshore construction, transportation and marine spread chartering, as well as offshore hook up and commissioning of Host Tie-In and Brownfield Modification at Jengka-A Wellhead Platform, Andalas-B Wellhead Platform, and MUDA Central Processing Platforms.

The works are expected to be completed by Q3 FY2022.

 

Drilling:

Congo

AWARD OF CONTRACT FOR TENDER ASSIST DRILLING RIG “SAPURA BERANI” BY TOTAL EXPLORATION & PRODUCTION CONGO.

Sapura Drilling Holdings Limited, has been awarded a contract by Total Exploration and Production Congo for the provision of its Tender Assist Drilling Rig “Sapura Berani” services.

The scope of the contract comprises the provision of semi tender-assist drilling rig services for 3 wells commencing in Q4 FY2021 for a period of 3 months offshore Congo plus one option of one well extension.

 

FINANCIAL EFFECTS

The Contracts announced herein will have no effect on the issued capital of the Company and is expected to contribute positively towards the earnings of Sapura Energy Berhad and its subsidiaries (“the Group”) for the financial year ending 31 January 2021 and the financial period thereafter within the duration of the Contracts period.

 

RISK FACTORS

Risk factors affecting the Contracts including execution risks such as availability of skilled manpower and materials, changes in pricing, weather conditions and/or political, economic, operational and commercial impacts of COVID-19 and regulatory conditions. Notwithstanding, the Group has established a successful track record undertaking similar projects. 

 

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.

 

DIRECTOR’S STATEMENT

The Board is of the opinion that the acceptance of the Contracts is in the best interest of the Company.

 

 

This announcement is dated 16 November 2020.




Please refer attachment below.



Announcement Info

Company Name SAPURA ENERGY BERHAD
Stock Name SAPNRG
Date Announced 16 Nov 2020
Category General Announcement for PLC
Reference Number GA1-16112020-00027



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