PETALING JAYA: Sapura Energy Bhd ’s wholly owned subsidiaries in Mexico and Malaysia, have bagged three contracts, which collectively amount to RM1.75 billion.
The group told the stock exchange, the first contract is for the provision of offshore engineering, procurement, construction, transportation and installation (EPCTI) contract for Hokchi Field Development in the Gulf of Mexico.
The scope of work includes offshore EPCTI services as well as the pre-commissioning and commissioning of a central wellhead platform called the Hokchi Central Platform and minimum offshore processing connected to a minimal offshore wellhead platform called the Hokchi Satellite Platform.
Fluids from the wells will be combined into a single multiphase flowline connected to the onshore processing facility called the Hokchi Paraiso, with a water depth of approximately 40 meters in the Gulf of Mexico.
Works for this contract is expected to be completed by the end of the first quarter of 2020.
The second job which is for the provision of EPCTI services in the for Offshore Block Area 1, also in the Gulf of Mexico, is from ENI Mexico S. de. R.L de. C.V.
In addition to EPCTI works, the job scope entails the installation and pre-commissioning of sealine and onshore pipeline and fiber optic cable and the transportation and installation of the Mizton wellhead platform which has a maximum installation water depth of approximately 40 meters.
The works are expected to be completed by end of the second quarter of 2019.
Meanwhile, its local arm Sapura Subsea Services Sdn Bhd, has been awarded the Pan Malaysia Underwater Services contract for four Petroleum Arrangement Contractors (PACs) (Package C).
The PAC’s are Sarawak Shell Bhd /Sabah Shell Petroleum Company Limited, Murphy Sarawak Oil Co., Ltd. / Murphy Sabah Oil Co., Ltd, Repsol Oil & Gas Malaysia Limited; and Kebabangan Petroleum Operating Company Sdn Bhd.
The scope of work includes the utilisation of vessels, air and saturation diving, remotely operated vehicles (ROV).
Additionally, the job scope also covers inspection, maintenance and repair works to support the PACs’ underwater facilities located at the offshore waters of East Coast.
The contract is slated to go on for five years and the works will be performed on call-out basis.
Hence, the value of the contract will be dependent on each work order throughout the Contract period.
The job is expected to be completed by the third quarter of 2023.
The stock was up 1.5 sen to close at 37.5 sen with some 87.4 million shares changing hands.
