SapuraKencana Petroleum Wins Oil Services Contract from Petronas, Hess

Malaysia's SapuraKencana Petroleum said in a statement sent to Rigzone Friday that it has won two offshore services contracts worth a total of $274 million (MYR835.8 million).

The first contract is awarded by state-owned Petronas to Allied Marine & Equipment, a wholly-owned subsidiary of SapuraKencana Petroleum, for underwater services in the offshore oil and gas fields owned by Petronas Carigali. The agreement – worth $229 million (MYR700 million) – covers inspection, repair and maintenance services utilizing specialized vessels, equipment and personnel.

The agreement inked by AME is effective from October 2012 until April 2016, with a one-year extension option.

The second contract is awarded by Hess Exploration and Production Malaysia to Kencana HL – also a wholly-owned subsidiary of SapuraKencana Petroleum – for the commissioning of the Kamelia-A wellhead platform sited in the offshore Kamelia field, which lies in the North Malay Basin.

The award by Hess is an engineering, procurement, construction and commissioning contract with work expected to be completed by 1Q 2013.


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