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SapuraKencana reports slew of Asia Pacific and Africa offshore projects

08th December 2014

SapuraKencana Group have been awarded contracts with a combined value of approximately USD 459m across the Asia Pacific and Africa regions

SapuraAcergy, a joint venture company equally owned by SapuraKencana and Subsea 7 has been awarded with a contract from Total E&P Myanmar for the Engineering, Procurement, Construction and Installation of the Wellhead Platform 4 and Lower Compression Platform, Pipelines and Cable

Fabrication, Hook-up and Commissioning (FHUC) Division - three contracts with various scope of works with a combined value of approximately USD 206m.

SapuraKencana's wholly-owned subsidiary, Kencana HL, has been awarded a contract with Petronas for the engineering, procurement, construction and commissioning of BNJT-K (Baronia) and TTJT-A (Tukau) wellhead platforms (WHP) offshore Sarawak.

The contract is for a duration of 48 months and is expected to be completed by the fourth quarter of 2018.

The contract value is approximately RM480 million.

KHL has been awarded a contract for the provision of brownfield works on MDPP, MDB and JKB Platforms for Phase 3 Development Project by Carigali-PTTEPI Operating Company.

The contract is expected to be completed by the first quarter of 2016 and is valued at approximately USD 26m.

KHL has also been awarded a PCC contract for the Angsi compression module by PCSB.

The contract is expected to be completed by the fourth quarter of 2015.

The contract value is approximately RM140 million.

 

Offshore Construction and Subsea Services (OCSS) Division - three contracts with various scope of works with a combined value of approximately USD 151m.

SapuraKencana's wholly-owned subsidiary, TL Offshore, has been awarded a contract by Vestigo Petroleum. for the Provision of Transportation and Installation (T&I) of the Central Processing Platform (CPP) for the Tembikai Development.

The Tembikai Oil Project comprises transportation and installation of the CPP "Tembikai Oil" for the development of Tembikai Marginal field located approximately 150km east of Terengganu, Offshore Peninsular Malaysia.

The contract is expected to be completed around March 2015.

The scope of work is valued at approximately USD 12.9m.

SapuraAcergy (Australia), a wholly owned entity of SapuraAcergy, a joint venture company equally owned by SapuraKencana and Subsea 7 has entered into a sub-contract with Heerema Marine Contractors Australia Pty Ltd.

The sub-contract is for the provision of buoyancy tanks removal and disposal for the Chevron Wheatstone project which is located in Wheatstone field, Western Australia. The sub-contract is valued at approximately USD 18.0m.

SapuraAcergy, a joint venture company equally owned by SapuraKencana and Subsea 7 has been awarded with a contract from Total E&P Myanmar for the Engineering, Procurement, Construction and Installation of the Wellhead Platform 4 and Lower Compression Platform, Pipelines and Cable.

Contract works for the EPCI2, which is located in Yadana Field, offshore Myanmar, are expected to be completed by the fourth quarter of 2016.

The contract is valued between USD 120m and USD 130m.

 

Drilling Division - two contracts (one contract award and one contract extension) for the provision of offshore drilling rigs and services with a combined value of approximately USD 102m.

SapuraKencana's wholly-owned subsidiary, SapuraKencana Drilling Holdings Ltd, has been awarded a contract by Foxtrot International LDC, a company incorporated in Cayman Islands, whose main place of business activities is in Abidjan, Ivory Coast, for the provision of its semi-tender assist drilling rig SKD Alliance, with an option to extend for a further three wells.

Foxtrot intends to utilise SKD Alliance for its development drilling campaign offshore Ivory Coast. The contract is for a period of approximately 400 days commencing February 2015.

SapuraKencana's wholly owned subsidiary, Seadrill Esperanza Limited, has accepted a three month extension to its contract with Hess Equatorial Guinea for the provision of its semi-tender assist drilling rig West Esperanza.

Hess Equatorial Guinea will continue to use West Esperanza for its development drilling campaign offshore Equatorial Guinea. The extension is for a period of three months commencing around September 2015 until approximately December 2015.

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