Sapura Energy Bhd has been awarded a contract to undertake engineering, procurement, construction, installation and commissioning (EPCIC) works for the Pegaga Development Project in Sarawak for an undisclosed sum.
The oil and gas company said its wholly owned subsidiary, Sapura Fabrication Sdn Bhd, received the contract from Abu Dhabi-based Mubadala Petroleum LLC to work on its offshore integrated central gas processing platform facility in Block SK320, offshore Sarawak.
In an exchange filing yesterday, Sapura Energy noted that the works are expected to be completed by the third quarter of 2021.
This is the sixth contract win since the beginning of the year for Sapura Energy and Mubadala Petroleum’s first development in Malaysia.
The latest contract comes on the back of the group’s five contract wins earlier this year with Petronas Carigali Sdn Bhd, Hess Exploration and Production Malaysia BV, Malaysia Marine and Heavy Engineering Sdn Bhd and Mumbai Port Trust, bringing a combined value of nearly RM3 billion in contract wins to date.
Collectively, these contracts are expected to contribute positively towards the group’s earnings for the financial year ending Jan 31, 2019.
Mubadala Petroleum is the operator of Block SK320 with a 55% interest. Petronas Carigali and Sarawak Shell Bhd hold 25% and 20% interest respectively.