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SAPURAKENCANA PETROLEUM BERHAD ANNOUNCES NEW CONTRACT WINS AND EXTENSIONS WORTH USD125 MILLION
Date: 28.06.2016.

Kuala Lumpur, 28 June 2016

Wholly-owned subsidiaries under SapuraKencana Petroleum Berhad (“SapuraKencana”) have been awarded new contracts and contract extensions with a combined value of approximately USD125 million (approximately RM513 million, based on USD/MYR exchange rate of USD1: RM4.09).

Details of each of these contracts are as summarised below:

DRILLING

Award of Contract for Semi-Submersible Tender Assist Drilling Rig SKD Berani  by JX Nippon Oil & Gas Exploration (Malaysia) Limited

SapuraKencana Drilling Tioman Sdn. Bhd. has been awarded a contract by JX Nippon Oil & Gas Exploration (Malaysia) Limited (“JX Nippon”) for the provision of Semi-submersible Tender Assist Drilling Rig, SKD Berani.

The contract is for JX Nippon’s development drilling campaign offshore Malaysia which comprises of three firm wells of approximately total duration of 150 days as minimum; and two option wells if exercised. The contract is expected to commence by July 2016.

 

Extension of Contract for Semi-Submersible Tender Assist Drilling Rig, SKD Jaya  by BP Trinidad & Tobago LLC

SapuraKencana Drilling Jaya Ltd. has accepted an extension to its contract with BP Trinidad & Tobago LLC. (“BPTT”) for the provision of its Semi-submersible Tender Assist Drilling Rig, SKD Jaya.

BPTT has extended the use of the SKD Jaya for its development drilling campaign offshore Trinidad & Tobago for an additional one well for approximately 45 days and additional work on an existing well for approximately 60 days.

 

ENGINEERING AND CONSTRUCTION

Award of Contract for the Provision of Procurement, Fabrication, Construction, Installation and Pre-Commissioning Works for the Infrastructure and Utility Upgrading Projects by BASF Petronas Chemicals Sdn. Bhd.

SapuraKencana HL Sdn. Bhd. (“SKHL”) has been awarded a contract by BASF Petronas Chemicals Sdn. Bhd. for the procurement, fabrication, construction, installation and pre-commissioning work for the Infrastructure and Utility Upgrading Projects.

The works involve the provision of supervision, manpower, equipment and materials to carry out the construction, installation and pre-commissioning of three packages; boiler, condensate polishing unit and used fire-fighting water system, complete with common facilities.

The contract is for a period of approximately nine months.

 

Award of Contract for the Provision of Front End Engineering Design and Engineering, Procurement, Construction, Installation and Commissioning of Radio Shortwave Support System Project by Selex ES Malaysia Sdn. Bhd.

SKHL has been awarded a contract by Selex ES Malaysia Sdn. Bhd. for the provision of Front End Engineering Design (FEED) & Engineering, Procurement, Construction, Installation and Commissioning (EPCIC) of the Radio Shortwave Support System Project for Petronas Offshore Facilities off the West Coast of Sabah.

The contract is for a period of approximately 19 months.

 

Award of Contract for the Provision of Procurement and Construction Works for SK310 B15 Development by SapuraKencana Energy Sarawak Inc.

SKHL has been awarded a contract by SapuraKencana Energy Sarawak Inc. for the provision of procurement and construction for the topside package and jacket package for SK310 B15 development.

The contract is for a period of approximately 14 months and is expected to be completed by the second quarter of 2017.

 

Award of Contract for the Provision of Light Well Intervention by Woodside Petroleum Limited

SapuraKencana Australia Pty. Ltd. (“SKA”) has completed a light well intervention project for Woodside Petroleum Limited. SKA provided an integrated services solution for the project. The work was performed using the SapuraKencana’s assets, including the “SID” Light Well Intervention system and vessel, SapuraKencana  Constructor.

 

Award of Contract for the Provision of Decommissioning Work for Woodside Energy Julimar Pty. Ltd.

SKA has been awarded a contract by Woodside Energy Julimar Pty. Ltd. for phases of the Balnaves Decommissioning project for the Balnaves field which is located offshore North-West Australia. This work includes the project management, engineering and offshore execution for the removal of certain subsea infrastructure associated with the Balnaves field.

The contract is for a duration of approximately six months.

 

Award of Contract for the Provision of Light Well Intervention Service by Shell Australia

SKA has been awarded a light well intervention contract on call-off basis by Shell Australia. SKA is supplying an integrated service solution for Light Well Intervention services utilising SapuraKencana’s Light Well Intervention System and vessel.

The contract is for a duration for five years.