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).

Details of each of these contracts are as summarised below:

Engineering and Construction

Award of Contract in relation to the B127 Cluster Pipeline RTR Project by Oil and Natural Gas Corporation Limited
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, construction, installation and commissioning of 11 pipeline systems and associated topside modifications in B127 and surrounding Mumbai High fields located off the west coast of India.
The Contract is for a period of 20 months.

Award of Contract for the Provision of Tender Assist Drilling Rig SKD Pelaut by Brunei Shell Petroleum Sdn. Bhd.

SapuraKencana Drilling Asia Limited has been awarded a contract by Brunei Shell Petroleum Sdn. Bhd. (“Brunei Shell Petroleum”) for the provision of its Tender Assist Drilling Rig SKD Pelaut.
The contract builds on the long term partnership between Brunei Shell Petroleum and SapuraKencana whereby Brunei Shell Petroleum will continue to use SKD Pelaut as a bespoke technical solution for its development drilling campaign offshore Brunei Darussalam.

The contract is for a firm period of 2 years with options to extend for an additional 2 years.

Award of Contract for the Provision of Underwater Maintenance Services for Sepat Mobile Offshore Production Unit (“MOPU”) by PETRONAS Carigali Sdn. Bhd.

SapuraKencana Subsea Services Sdn. Bhd. (formerly known as SapuraKencana Allied Marine Sdn. Bhd.) has been awarded a project by PETRONAS Carigali Sdn. Bhd. (“PCSB”) for the provision of underwater maintenance services for Sepat MOPU.

The scope of work consists of inspection, maintenance, repairs, drilling support and other work for PCSB’s underwater facilities to be executed in the water shore and offshore Peninsular Malaysia at 0-2000 meters water depth, with diver intervention at 0-300 meters water range at the Sepat MOPU Field.

The Contract is for a period of approximately 2 months.