SapuraKencana Petroleum’s subsidiaries have been awarded three new contracts and one extension with a combined value of around $117m (RM503m), the Malaysian company said today. The individual value of each contract was not disclosed.
SapuraKencana HL will start an eight-month contract this quarter for THHE Fabricators at KNPG-B Phase II in offshore Malaysia. The work includes supervision, manpower, equipment and marine spread to carry out the hook up and commissioning of a Compression System module and high-pressure high-temperature (HPHT) facilities on the KNPG-B central processing platform.
KNPG-B is part of the Kinabalu Non-Associated Gas (NAG) development project. The offshore oilfield is part of the Kinabalu Deep & East production sharing contract, located 55km west-northwest of Labuan Offshore Sabah.
Meanwhile, SapuraKencana Technology has won an 18-month contract from Hess Exploration & Production Malaysia to provide engineering, procurement and construction of the subsea isolation valve (SSIV) systems at Block PM302 in the North Malay Basin.
The company, which was formerly known as Sapura Energy, will take responsibility for carrying out and completing work on the SSIV skids, subsea umbilical and flying lead, hydraulic power unit, topside umbilical termination unit, umbilical termination assembly and the supporting details. Work has already begun and completion is expected in the first quarter of 2017.
In drilling, SapuraKencana Drilling Tioman is to provide the Sarawak Shell/Sabah Shell Petroleum partnership with its semi-tender assist drilling rig SKD Esperanza for drilling in offshore Sarawak and Sabah, Malaysia. The contract is for 18 months with an additional 18-month extension option.
In offshore Côte d’Ivoire, SapuraKencana Drilling Holdings’ tender assist drilling rig SKD T20 has been hired to drill an additional five wells for CNR International (Côte d’Ivoire) in the Espoir Field in Block CI-26, offshore Côte d’Ivoire.
The existing contract will be extended to terminate in June this year, but CNRI has the option to extend the drilling programme by five additional wells, which would employ SKD T20 until the final quarter of 2016.
The original contract, signed in May 2014, comprised ten firm wells to be completed within a minimum of 365 days, followed by four single-well options. The drilling programme includes drilling, side-tracking and completion.
