CONTRACTS and extensions to the value of US$117 million were recently awarded to SapuraKencana Petroleum’s wholly-owned subsidiary companies, the group said in a January announcement.
The group kicked off the year securing an engineering and construction contract in Malaysia which is expected to commence in the first quarter of 2016.
SapuraKencana HL will provide hook up and commissioning works for KNPG-B Phase II, Kinabalu Non-associated Gas (NAG) development project offshore Sabah for TH Heavy Engineering Fabricators.
This involves the provision of supervision, manpower, equipment and marine spread to carry out the hook up and commissioning of a compression system module and high pressure high temperature facilities on the KNPG-B central processing platform.
Contract duration is about eight months.
Another engineering and construction contract secured by the group was for the provision of engineering, procurement and construction of the subsea isolation value systems (SSIV), awarded by Hess Exploration and Production Malaysia.
Company subsidiary SapuraKencana Technology will carry out the work at block PM302, North Malay basin, according to SapuraKencana.
The scope of work includes the responsibility for carrying out and completing the work for SSIV skids, subsea umbilical and flying lead, hydraulic power unit, topside umbilical termination unit, umbilical termination assembly and the supporting details.
With an expected contract period of 18 months, the work has commenced and is expected to be complete around the first quarter of 2017.
SapuraKencana Drilling Tioman has been awarded a contract from Sarawak Shell Berhad/ Sabah Shell Petroleum for the provision of its semi tender assist drilling rig “SKD Esperanza”.
SapuraKencana said the contract is for the nominal term of 18 months with option to extend the rig contract for up to a further 18 months.