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SapuraKencana Clinches $459M Contracts for Work in Asia Pacific, Africa

9/12/2014 by Sharon Shahzad


Malaysia's oil and gas services firm SapuraKencana Petroleum Berhad clinched contracts worth $459 million (MYR 1.58 million) to provide fabrication, hook-up and commissioning services; offshore construction and subsea services; and drilling services in Asia Pacific and Africa, the company said in a filing with local stock exchange Bursa Malaysia Friday.

SapuraKencana's Fabrication, Hook-up and Commissioning (FHUC) Division won three contracts with a combined value of approximately $206 million (MYR 710 million), while its Offshore Construction and Subsea Services (OCSS) Division secured three contracts amounting to around $151 million (MYR 520 million) and the Drilling Division bagged two contracts for approximately $102 million (MYR 350 million).

The FUHC Division's Kencana HL Sdn Bhd (KHL) will provide engineering, procurement, construction and commissioning (EPCC) of BNJT-K (Baronia) and TTJT-A (Tukau) Wellhead Platforms (WHP) offshore Sarawak for Petronas Carigali Sdn Bhd (PCSB) -- the upstream arm of national oil company Petroliam Nasional Berhad (Petronas). Work on the $139 million (MYR 480 million) contract, which will take 48 months, is expected to be completed by the last quarter of 2018.

KHL will provide brownfield works on MDPP, MDB and JKB Platforms for Phase 3 Development Project Contract by Carigali-PTTEPI Operating Company Sdn. Bhd. The $26 million deal is scheduled for completion by the end of first quarter 2016. KHL will also complete work on a $40.58 million (MYR 140 million) procurement, construction and commissioning contract for the Angsi compression module by PSCB in the fourth quarter of 2015.

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