SapuraKencana inks US$117 million in contracts

Subsidiary companies within the SapuraKencana Group have been awarded contracts and extensions with a combined value of approximately US$117 million (RM503 million).

Image from SapuraKencana.

SapuraKencana HL Sdn. Bhd. was awarded an eight-month contract for the provision of hook-up & commissioning works for KNPG-B Phase II, Kinabalu Non Associated Gas (NAG) Development Project by THHE Fabricators Sdn. Bhd. This involves the provision of supervision, manpower, equipment and marine spread to carry out the hook up and commissioning of a compression system module and high pressure high temperature (HPHT) facilities on the KNPG-B central processing platform. Work is scheduled to commence in Q1 2016.

Hess E&P Malaysia awarded SapuraKencana Technology Sdn. Bhd. (formerly known as Sapura Energy Sdn. Bhd.) an 18-month contract for the provision of engineering, procurement and construction of the subsea isolation valve (SSIV) systems at Block PM302, North Malay Basin.

The scope of work includes the complete responsibility for carrying out and completing the work for SSIV skids, subsea umbilical and flying lead, hydraulic power unit (HPU), topside umbilical termination unit (TUTU), umbilical termination assembly (UTA) and the supporting details. Work has commenced and is expected to complete Q1 2017.

SapuraKencana Drilling Tioman Sdn. Bhd. has been awarded a contract from Sarawak Shell Berhad (SSB)/ Sabah Shell Petroleum Co. (SSPC) for the provision of its semi tender assist drilling rig SKD Esperanza. The contract is for the nominal term of 18 months with options to extend for up to a further 18 months.

SapuraKencana Drilling’s tender assist drilling rig SKD T-20 offshore Côte d'Ivoire is now expected to be complete in June 2016, adding to the original contract term. Additionally, there is the option to extend the contract by five additional wells, which if exercised, will keep the SKD T-20 on contract to Q4 2016.

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