Sapura Energy Bhd, through its drilling arm Sapura Drilling, has secured a series of lucrative contracts valued at approximately RM3.2 billion. These contracts, which span several high-profile clients, mark a significant milestone for the company. The contracts are set to commence in the first quarter of the financial year 2026 (1QFY26) and will be active for a firm period of five years, with an optional extension of three years.
Among the key contracts, Sapura Drilling has been awarded a contract extension by ExxonMobil Exploration and Production Malaysia Inc. This agreement involves the services of the Sapura Berani drilling rig, effective from November 2024, and will run for one year, concluding in November 2025. This extension underscores the ongoing collaboration between the two companies and highlights Sapura's robust capabilities in drilling operations.
“This contract commencing in 1QFY26, covers the drilling of four development wells, offshore Malaysia.”
In addition to the ExxonMobil contract, Sapura Drilling has secured two more contracts from PTTEP Energy Development Ltd. These contracts entail the provision of tender assist drilling rigs, specifically the Sapura T-17 and Sapura T-18. The projects are poised to begin operations in the second quarter of FY26, promising a productive venture for both parties involved.
“Both projects will commence in the second quarter of the financial year 2026 (FY26), with a five-year firm period and an optional extension of three years.”
Furthermore, Sapura Drilling has successfully obtained a contract with EnQuest Petroleum Production Malaysia Ltd. This agreement involves the deployment of the Sapura Esperanza rig for specialized drilling activities. Collectively, these contracts reflect Sapura Energy's strategic growth and its commitment to delivering exceptional service in the oil and gas sector.
The development drilling associated with these projects will span a period of 30 months, showcasing Sapura Drilling's capacity to handle extensive and complex operations. The combination of these contracts not only reinforces Sapura Energy's position as a leader in the industry but also paves the way for future collaborations and expansions.
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