Sapura Energy Berhad announced that its wholly owned subsidiary, Sapura Subsea Services Sdn. Bhd. has been awarded with a contract for the Provision of Pan Malaysia Underwater Services for Petronas Group of Companies and Petroleum arrangement contractors by Sarawak Shell Berhad and Sabah Shell Petroleum Company Limited. This Contract takes effect from 31st January 2024 for a period of 5 years
The contract it said was a call-out contract with agreed unit rates. The scope of work comprises of the provision of diving support vessel, Air and Saturation Diving Systems, Remotely Operated Vehicle and other related underwater services which includes subsea inspection, repair and maintenance of offshore structures, pipelines and other equipment, abandonment, intervention, subsea decommissioning and other works related to SSB’s and SSPC’s underwater facilities in Sabah and Sarawak waters.
Sapura said the contract will not have any effect on the share capital and shareholding structure of Sapura Energy. The contract, however, is expected to contribute positively to the earnings for the financial year ending 31 January 2025 and the subsequent years.
