SapuraKencana Clinches $269M Deals as Firm Ventures into Mexico

SapuraKencana Petroleum Berhad, a Malaysia-based oil and gas services and solutions provider with upstream oil and gas assets offshore Southeast Asia, reported that the company has clinched several engineering and construction contracts amounting to $269 million, including the commencement of its operations in Mexico, the firm announced in a filing with local stock exchange Bursa Malaysia Monday.

Subsidiaries of SapuraKencana Petroleum's Engineering and Construction - International Division bagged contracts in Mexico and Asia, where the Malaysian firm landed contracts in India, Indonesia and Vietnam.

Under the Mexican contract, worth between $41.2 million and $98.1 million, SapuraKencana Mexicana S.A.P.I. de C.V. will install structures and superstructures of fixed marine platforms. In addition, the firm will provide pipelaying and lifting of major power generation equipment, utilizing the dynamic positioning 3 (DP3) heavy-lift and pipelay vessel SapuraKencana 3500, in the Marine Regions, Bay of Campeche, Gulf of Mexico for Pemex Exploracion y Produccion (Pemex).

Over in Indonesia, SapuraKencana TL Offshore Sdn Bhd (SKTLO), previously known as TL Offshore Sdn Bhd), in consortium with PT Encona Inti Industri of Indonesia, has bagged the $97.5 million contract for work on offshore and onshore pipeline installation for the construction of Kalija 1 Natural Gas Transmission Pipeline of Kepodang - Tambak Lorok Segment by PT PGAS Solution.

The Indonesian contract, which involved the transportation and installation of a 124-mile (200 kilometers) long 14-inch gas pipeline from Kepodang field offshore to the Onshore Receiving Facility. The work will be performed in the Muriah Production Sharing Contract (PSC), Central Java, Indonesia.

Further north in Southeast Asia, SKTLO has been awarded a contract to install nearshore and offshore pipeline for Phase 1 of the Thai Binh - Ham Rong Gas Distribution & Gathering System Project in Block 102-106, located offshore Thai Binh Province in northern Vietnam for PTSC Offshore Services Joint Stock Company (PTSC Offshore Services). 

SKTLO also clinched an installation contract for H5-WHP Topside and Pipelines for Te Giac Trang Field Development Project, which is located in Block 16-1, offshore Vietnam from PTSC Offshore Services Joint Stock Company. The final contract in Vietnam covered the installation of offshore facilities for Thai Binh Development Project in Blocks 102 & 106 by PTSC Offshore Services.


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