Sapura Energy Berhad (“Sapura Energy" or the “Company”) is pleased to announce that its wholly-owned subsidiaries in Engineering and Construction (E&C) have been awarded contracts with a combined value of approximately RM1.0 billion.
Details of each of these contracts (collectively referred to as “Contracts”) are as summarised below:
AWARD OF VARIATION ORDER UNDER EXISTING CONTRACT BETWEEN MUBADALA PETROLEUM’S ENTITY, MDC OIL & GAS (SK320) LTD. (“MUBADALA PETROLEUM”) AND SAPURA FABRICATION SDN. BHD.
Sapura Fabrication Sdn. Bhd. has been awarded with a Variation Order - ePCIC of Gas and Condensate Mercury Removal Unit (“MRU”) Facilities under the existing contract for the Provision of Engineering, Procurement, Construction, Installation and Commissioning for Pegaga Development Project by Mubadala Petroleum.
The variation order scope of work includes provision of Engineering, Procurement, Construction, Installation and Commissioning (“ePCIC”) for the Gas and Condensate MRU facilities consisting of project management, follow-on engineering, procurement & subcontracting inclusive of MRU Technology/Equipment, construction & fabrication, transportation & installation and hook-up & commissioning of Gas and Condensate MRU facilities on Pegaga Integrated Central Processing Platform (“ICPP”).
The location of the work is off the coast of Sarawak, offshore Malaysia and the works are expected to be completed by calendar year Q3 2022.
AWARD OF CONTRACT FOR PROVISION OF ENGINEERING, PROCUREMENT, CONSTRUCTION, AND COMMISSIONING (EPCC) FOR FULL FIELD DEVELOPMENT PHASE 4A FACILITIES NORTH MALAY BASIN FROM HESS EXPLORATION AND PRODUCTION MALAYSIA B.V. UNDER PETRONAS FRAME AGREEMENT
Sapura Fabrication Sdn. Bhd. has been awarded with a contract from Hess Exploration and Production Malaysia B.V. for the provision of engineering, procurement, construction and commissioning for Full Field Development ("FFD") Phase 4A Facilities North Malay Basin (“NMB”) under the PETRONAS Frame Agreement – Package B.
The contract scope of work comprises engineering, procurement, construction and commissioning of the following:
a) Kangsar (“KGA”), Dahlia (“DLA”) and Teratai (“TRT”) Wellhead Platforms;
b) An 18” Carbon Steel Rigid pipeline including risers of approximately 51 km from KGA Wellhead Platform A to existing NMB Bergading Central Processing Platform (“CPP”);
c) Two (2) x 10” flexible pipelines;
d) Package Subsea which includes Subsea In-line tee ("ILT") Skids, Subsea Isolation Valves System ("SSIV") Skid, Riser Clamps, Buckle Trigger and Riser Splash Zone Joint;
e) All other facilities required to produce gas from KGA, DLA and TRT Wellhead Platforms;
f) All brownfield modification works necessary to tie-in the CPP facilities and controls / telecoms systems.
The works are expected to be completed by Q1 FY2025.
AWARD OF CONTRACT FOR SUPPLY, MAINTENANCE, DELIVERY, INSTALLATION, TESTING AND COMMISSIONING OF TOTAL MANAGEMENT SYSTEM AND SETEL FOR PETRONAS STATION FROM PETRONAS DAGANGAN BERHAD
Sapura Technology Solutions Sdn. Bhd. has been awarded with a price agreement for Supply, Maintenance, Delivery, Installation, Testing and Commissioning of Total Management System and SETEL for PETRONAS Station by PETRONAS Dagangan Berhad.
The contract scope of work comprises the supply and maintenance of the total management system for PETRONAS stations' Point of Sales and Automation System at all applicable PETRONAS petrol stations for a duration of 18 months. The contract effective date is 1st January 2021.
AWARD OF WORK ORDER FOR BAKAU NAG DEVELOPMENT PROJECT FROM PETRONAS CARIGALI SDN. BHD. UNDER THE PAN MALAYSIA TRANSPORTATION AND INSTALLATION OF OFFSHORE FACILITIES 2021 CAMPAIGN
Sapura Offshore Sdn. Bhd. has been awarded with a work order for Bakau NAG Development Project under the Pan Malaysia Transportation and Installation of Offshore Facilities 2021 Campaign by PETRONAS Carigali Sdn. Bhd.
The work order scope comprises mobilization of spreads, project management, interfacing, transportation and installation, pre and post survey, pre-commissioning of pipelines, removal of jacket anode and other optional works as specified in the work order. The work duration is for the calendar year 2021.
AWARD OF WORK ORDER FOR BAYAN GAS REDEVELOPMENT PHASE 2 PROJECT FROM PETRONAS CARIGALI SDN. BHD. UNDER THE PAN MALAYSIA TRANSPORTATION AND INSTALLATION OF OFFSHORE FACILITIES 2021 CAMPAIGN
Sapura Offshore Sdn. Bhd. has been awarded with a work order for Bayan Gas Redevelopment Phase 2 Project under the Pan Malaysia Transportation and Installation of Offshore Facilities 2021 Campaign by PETRONAS Carigali Sdn. Bhd.
The work order scope comprises project management, interfacing, transportation and installation, pre and post survey, pre-commissioning of pipelines and other optional works as specified in the work order. The work duration is for the calendar year 2021.
AWARD FOR THE OPTIONAL SCOPE OF WORKS FOR THE ENGINEERING AND CONSTRUCTION OF A WELLHEAD PLATFORM FOR EGRET EAST PROJECT EXERCISED UNDER THE CONTRACT FOR THE PROVISION OF ENGINEERING, PROCUREMENT, CONSTRUCTION AND INSTALLATION (EPCI) CONTRACT FOR SALMAN PROJECT
Sapura Fabrication Sdn. Bhd. (“SFSB”) has been awarded with the optional scope of works for the engineering and construction of a Wellhead Platform for Egret East Project from Brunei Shell Petroleum Company Sdn. Bhd (“BSP”) which was exercised by BSP under the contract for the provision of Engineering, Procurement, Construction and Installation ("EPCI") entered between BSP and SFSB on 30th August 2019.
The optional scope of work is for the engineering, procurement, and construction of a wellhead platform which includes load out, sea fastening and post installation hook-up and commissioning in respect of Egret East Project. The works are expected to be completed by Q2 FY2023.
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 and its group of companies (“the Group”) for the relevant financial periods within the duration of the Contracts.
Risk factors affecting the Contract 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.
The Board is of the opinion that the acceptance of the Contracts is in the best interest of the Company.
This announcement is dated 27 April 2021.