Sapura Energy Berhad today announced that it has signed an Islamic Facilities Agreement of up to RM700 million with Maybank Islamic Berhad (“Maybank Islamic”). The financing tenure of this facility is up to five years.

Sapura Energy Berhad today announced recent contract wins in its Engineering and Construction (E&C) and Drilling divisions, with a combined value of approximately RM1.85 billion.

Sapura Energy Berhad wishes to clarify that its joint venture with Seadrill, namely Sapura Navegacao Maritima SA, is not impacted by the recent Chapter 11 cases filed by several Seadrill subsidiaries operating in Asia.