It strengthens Sapura Energy’s presence in Brazil, signifying its ability to create strong partnerships and deliver value to clients

by TMR / TMRgraphic

SAPURA Energy Bhd said a joint venture company (JVC) under its engineering and construction (E&C) segment has been awarded an extension of a charter and service contract by Petróleo Brasileiro SA (Petrobras) in Brazil.

The company said in a statement today that the two-year contract extension, for its pipe laying support vessel (PLSV) Sapura Esmeralda, is valued at approximately RM580 million.

The contract was awarded to Sapura Navegação Marítima SA, a wholly owned subsidiary of Seabras Sapura Participações SA, a JVC between Sapura Offshore Sdn Bhd and Seabras Serviços De Petroleo SA.

“The award strengthens Sapura Energy’s presence in Brazil, signifying its ability to create strong partnerships and deliver value to clients. Its E&C segment operates six PLSVs in Brazil, with a utilisation rate of about 95%,” the company said.

The scope of work includes the provision of services and charter of installation and recovery of flexible pipes in the Brazilian waters in a maximum water depth of 2,500m.

The contract duration for Sapura Esmeralda commences immediately on Aug 2, 2022.