Sapura JV Secures Block 30 in Gulf of Mexico
Sapura Exploration & Production (Sapura E&P), a wholly-owned subsidiary of Sapura Energy Berhad (“the Group”, formerly known as SapuraKencana Petroleum Berhad), together with its joint venture partners DEA Deutsche Erdoel Mexico and Premier Oil have been awarded Block 30 in Sureste Basin, a proven and prolific hydrocarbon province in the Gulf of Mexico. “This is a formidable partnership of like-minded companies with significant worldwide experience, which augurs well for future success in Mexico…
SapuraKencana Bags Contracts of RM 1.34 bln
SapuraKencana Petroleum Berhad’s wholly-owned subsidiaries have been awarded contracts with a combined value of approximately USD 300 million (approximately RM 1.34 billion, based on USD/MYR exchange rate of USD1: RM4.47). Award of Provision of Underwater Services by PETRONAS Carigali Sdn. Bhd. SapuraKencana Subsea Services Sdn. Bhd. (“SKSS”) has been awarded a contract for the provision of underwater services for PETRONAS Carigali Sdn. Bhd. (“PCSB”). The scope of work consists of underwater services together with vessels…
SapuraKencana Petroleum Berhad Posts Robust 3Q performance
SapuraKencana Petroleum Berhad (“SapuraKencana”, “Company” or “Group”), announces its third quarter results for the period ended 31 October 2016 (for financial year ending 31 January 2017). Tan Sri Dato’ Seri Shahril Shamsuddin, President and the Group Chief Executive Officer said, “The Group recorded a positive third quarter for the financial year, leveraging on our ability to secure work through existing client relationships and our track record to deliver work safely, on budget and on time.
SapuraKencana Petroleum bags $ 215 mln Triple Contract
SapuraKencana Petroleum Berhad (“SapuraKencana”) has been awarded new contracts by clients with a combined value of approximately USD215 million (approximately RM889 million, based on USD/MYR exchange rate of USD1: RM4.14). A consortium of SapuraKencana TL Offshore Sdn. Bhd. and SapuraKencana HL Sdn. Bhd. has been awarded a contract by Oil and Natural Gas Corporation Limited (ONGC) in relation to the B127 Cluster Pipeline RTR Project. The scope of work consists of engineering, procurement…
Sparrows Group, SapuraKencana Petroleum Partner in Malaysia
Sparrows Group is set to further grow its presence in the Asian Pacific market following the formation of a partnership between Sparrows Offshore Services Pte Ltd and SapuraKencana Technology Sdn Bhd, the latter being a wholly-owned subsidiary of SapuraKencana Petroleum Berhad. The partnership will see both entities collaborating in the provision of offshore and onshore crane services including manufacturing, supply, operations, maintenance and overhaul of offshore and onshore cranes for the oil and gas industry in Malaysia.
SapuraKencana Wins $ 113 mi Mexico Contract
SapuraKencana Petroleum Berhad's (“SapuraKencana”) wholly-owned subsidiary company, SapuraKencana Mexicana S.A.P.I. de C.V. ("SKM"), has been awarded a contract with a value of approximately [USD 113 million] (approximately [RM461 million], based on USD/MYR exchange rate of USD1: RM4.09). The contract is for the Procurement and Construction of a 36” X 18 KM Sour Gas Pipeline (KMZ – 76) from Platform E – KU – A2 to Platform CA – AJ – 1(J4) in Ciudad del Carmen, Campeche, Mexico by Pemex Exploración y Producción .
SapuraKencana makes another Gas Find Offshore Malaysia
SapuraKencana Energy announced another significant gas discovery from its three wells 2015 drilling campaign within the Block SK408 Production Sharing Contract (PSC) area, offshore Malaysia. All three wells targeted non-associated gas within the primary target Late Miocene Carbonate reservoirs. The first well, Jerun-1 is a significant discovery located approximately 5km north of the 2014 Bakong gas discovery. Based on analysis of electric log, pressure and sample data Jerun-1…
SapuraKencana GE Oil & Gas Services Bags PETRONAS FLNG Contract
LNG1 (L) Ltd. (PFLNG) to provide maintenance services for PETRONAS’ two forthcoming floating LNG vessels. A Contract Exchange ceremony for the award was held in Kuala Lumpur on Thursday, 24 March 2016 between PFLNG and SKGE. Under the agreement, SKGE will provide PETRONAS with complete maintenance services for their fleet of twelve gas turbines as well as their fleet of GE compressors, generators and electric motors to be installed on their floating LNG vessels. These maintenance activities…
SapuraKencana Nets 16% Profit
SapuraKencana Petroleum Berhad announced its third quarter results for the period ended 31 October 2015 (for financial year ending 31 January 2016). Revenue for third quarter of RM2,891 million, year-to-date revenue of RM7,952 million. Profit before tax for the quarter (excluding provisions for impairment on property, plant and equipment, oil and gas properties, investments and changes in provision) of RM463 million with a profit before tax margin of 16.0%. Current orderbook of RM21 billion. Current cash and bank balance of RM2,356 million, an increase of RM566 million from the previous quarter.
Sapurakencana to Launch its First Sukuk Offering
SapuraKencana Petroleum Berhad ("SKPB") through its wholly-owned subsidiary, SapuraKencana TMC Sdn Bhd ("SKTMC"), today announced the signing of the transaction documents for its inaugural Multi-Currency Islamic Medium Term Notes Programme (“MultiCurrency Sukuk Programme”). The first tranche of the Sukuk offering of USD 200 million in nominal value under the Multi–Currency Sukuk Programme has been scheduled to be launched on 8th September 2015. Proceeds raised will be utilised to partly refinance SKTMC’s existing financing.
Sapurakencana Petroleum Post FY 2015 Results
SapuraKencana Petroleum Berhad has reported a revenue increase of 19% having achieved a total of RM 9.9 billion for the year 2015. Profits before tax was RM 1.6 billion, an increase of 34% compared to FY2014. Tan Sri Dato' Seri Shahril Shamsuddin, President and Group CEO commented, “The Group has generated revenues of RM 9.9 billion and profits before tax of RM 1.6 billion for FY2015 as compared to RM 8.4 billion and RM 1.2 billion respectively for FY2014. Correspondingly, the Group’s earnings per share rose 27% from 18.9 sen to 23.9 sen per share in that same period.
