Tuesday, 8 January 2019

Sapura Energy secures contracts worth RM760 mil

Sapura Energy Berhad has been awarded contracts worth RM760 million for drilling, engineering and construction projects, including one in the waters of Angola.

The company said the contract in the Southern African nation was awarded by Cabinda Gulf Oil Company Limited, a subsidiary of Chevron Corporation, for the provision of its semi-submersible tender assisted drilling rig.

"The project entails using a first of its kind technical solution to improve efficiency for the drilling campaign," it said in a statement tonight.

"The latest achievements have lifted the value of contract wins to RM9.3 billion for its current financial year.