SapuraKencana Bags PTTEPI's Rig Contract

Malaysia's SapuraKencana Petroleum Berhad announced that its wholly-owned subsidiary, Crest Tender Rigs Pte Ltd. (CTR), has been awarded a contract for SKD T-9 tender rig by PTTEP International Limited (PTTEPI).

PTTEPI, a subsidiary of PTT Exploration and Production Public Company Limited, intends to use SKD T-9 for its Zawtika development drilling campaign offshore Myanmar.

Work on the contract, valued at around $40 million, will commence in July 2013 for an initial operational period of approximately 300 days.

"The award of the T-9 contract is expected to contribute positively to the Group's earnings and net assets per share for the financial year ending Jan. 31, 2014 and the financial periods thereafter in the duration of the T-9 Contract," SapuraKencana said in an announcement on the country's stock exchange Bursa Malaysia.

Have a news tip? Share it with Rigzone!


Click on the button below to add a comment.
Post a Comment
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

Related Companies
For More Information on the Offshore Rig Fleet:
RigLogix can provide the information that you need about the offshore rig fleet, whether you need utilization and industry trends or detailed reports on future rig contracts. Subscribing to RigLogix will allow you to access dozens of prebuilt reports and build your own custom reports using hundreds of available data columns. For more information about a RigLogix subscription, visit

Our Privacy Pledge

More from this Author
Rigzone Staff
e-mail us at
 -  What Kind of Salary Can You Get as an ... (Aug 18)
 -  Shell Divests Stake in Saudi JV (Aug 16)
 -  Saipem to Build Pipelines for Kuwait R... (Aug 16)
 -  The Trick to Nailing Your Electrical E... (Aug 10)
 -  Jacobs Expands MSA for Chevron's US Re... (Aug 9)

Most Popular Articles

From the Career Center
Jobs that may interest you
Technician 2
Expertise: Field Service Tech|Perforation|Rig Mechanic
Location: Katy, TX
Oil Field Trainee - Total Annual Compensation est. 57K Year 1
Expertise: Mud Engineer / Drilling Fluids|Well Servicing & Testing|WellSite Supervisor
Location: Katy, TX
Project Field Engineer
Expertise: Mechanical Engineering
Location: Valdez, AK
search for more jobs

Brent Crude Oil : $51.66/BBL 2.01%
Light Crude Oil : $47.37/BBL 2.35%
Natural Gas : $2.96/MMBtu 2.42%
Updated in last 24 hours