Friday, 9 June 2017

Sapura Energy wins RM879mil O&G contracts

Sapura Energy Bhd has won contracts involving engineering, procurement, construction and installation (EPCI) works with a combined value of approximately US$205.96mil (RM879.01mil) from PT Gunanusa Utama Fabricators (PTG).

A stock exchange filing showed PTG as the main contractor and PTTEP International Ltd as the client for this project.

The subcontract works consist of EPCI of associated pipelines, transportation and installation of new offshore wellhead platforms, brownfield modifications of existing platforms and the installation of telecommunication and control system integrated to existing facilities.

It will be installed in the Zawtika Field Development for Lot 1 and Lot 2 located in the Gulf of Moattama, located approximately 300km south of Yangon and 290km west of Tavoy on the coast of Myanmar at an average water depth of 120m-160m, it said.

The company expects to complete the subcontract works in March 2018.

Sapura Offshore has also been awarded a contract to undertake the works for The Seria Crude Oil Terminal (Scot) oil export system upgrade offshore single point mooring replacement by Brunei Shell Petroleum Co Sdn Bhd (BSP).

The contract scope of works consists of project management, engineering, procurement, fabrication, transportation and installation and hook-up/pre-commissioning of one of BSP’s new Single Point Mooring-1 and Pipe Line End Manifold-1 complete system as well as decommissioning of certain parts of existing infrastructure for the project.

The duration of the overall works will be about 21 months with offshore works expected to commence in April 2018.

In addition, Sapura Offshore has been awarded a contract to undertake transportation and installation (T&I) balance subsea works for Oil and Natural Gas Corp Ltd.

It said the scope of work comprises T&I balance subsea works for C26 Cluster Pipeline Project at C-24PI to TCPP segment and BB to BA segment, relocation of anodes at NLW platform. The scope also includes sump caisson removal at BA platform and to divert the flow to inlet of closed drain header at BPA platform.

Sapura Energy expects to complete the offshore works by the second quarter of 2017.

Meanwhile, Normand Sapura Pty Ltd has been awarded a contract to undertake the work by PTTEP Australasia. The contract will be for the provision of IRM services including saturation diving and remotely operated vehicle intervention works in Montara field. This contract will be completed by next month.

Sapura Energy expects these contracts to contribute positively towards the earnings of the company for the financial year ending Jan 31, 2018 for subcontract works and contracts that extend beyond Jan 31, 2018, and the financial periods thereafter within the duration of the subcontract works and contracts and the extension periods if the extension options are exercised.