SapuraKencana Clinches $312M Contracts in Asia, Africa and Russia
by SapuraKencana Petroleum Berhad
|Friday, May 16, 2014
Malaysia's SapuraKencana Petroleum Berhad, a global integrated oil and gas services and solutions provider, announced Friday that it has won a total of 5 new contracts worth $312 million (MYR 1 billion) in the Ivory Coast, Russia, India, Brunei and Malaysia.
"We are happy to record another set of new contracts worth MYR 1 billion in diverse areas of the world so soon after our last announcement in April, where our subsidiaries had won major contracts worth close to $468 million (MYR 1.5 billion) in several countries," said Shahril Shamsuddin, president and Group CEO of SapuraKencana Petroleum.
"This underscores global customer confidence in the Group's capability, experience and resources to contract us to deliver on jobs," he added.
In the Ivory Coast, SapuraKencana Drilling Holdings Limited, a wholly-owned subsidiary of the Group's drilling division, has been awarded a contract for the provision of offshore drilling rig and services by its Tender Assist Drilling Rig “SKD T- 20’’ by CNR International (Cote d'Ivoire) S.A.R.L.
The CNRI Contract comprises the provision of SKD T-20 for wells in the Espoir Field in Block CI-26 offshore Cote d'Ivoire. The drilling program includes drilling, side- tracking, completion and other associated works, where applicable.
The CNRI Contract is for a primary term of 10 firm wells to be completed in not less than 365 days, followed by four single well options to be exercised at CNRI’s sole discretion.
In Russia, TL Offshore Sdn Bhd (TLO), a wholly-owned subsidiary of the Group's Offshore Construction and Subsea Services Division, won a charter contract with Heerema Marine Contractors Nederland SE (HMC) for the provision of a command installation vessel “SK1200” for the Arkutun-Dagi Project in Sakhalin.
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