Sapura Energy's shares rise after bagging contracts worth RM1.47b
16 Nov 2017 / 11:38 H.
PETALING JAYA: Sapura Energy Bhd’s share price rose 2.14% this morning after clinching five contracts with a total value of RM1.47 billion.
At 11.12am, its share price rose 2.14% or 3 sen to RM1.43 with a total of 7.44 million shares traded. The stock closed 5 sen or 3.4% lower at RM1.40 yesterday.
Yesterday, the oil and gas firm told Bursa Malaysia that Sapura Offshore Sdn Bhd was awarded contracts in relation to the Pan Malaysia transportation and installation of offshore facilities for Petronas Carigali Sdn Bhd and Sarawak Shell Bhd.
The work will be executed throughout 2018.