Sapura Energy has announced its entities of Seabras Sapura Holding GmbH and Seabras Sapura Participações S.A., a joint venture between Sapura Energy and Paratus Energy Services Ltd, have been awarded contracts for its full fleet of six multi-purpose Pipe Laying Support Vessels as part of a competitive Petrobras tender process.
The group through its wholly owned subsidiary, Sapura Offshore Sdn Bhd, holds 50% equity interests in these joint venture companies.
The contracts are for three years’ term, commencing on different mobilisation dates according to each of the PLSVs, with the longest dated contract going through 2028, the total global value of the contracts is said to be USD1.8 billion.
The scope of work includes the provision of subsea engineering, installation and other services, by utilizing the PLSVs in the Brazilian waters. The PLSVs shall perform all operations required to the installation of flexible pipes, electric-hydraulic umbilical and power cables, new or used, such as loading, unloading, laying, connection between spans, vertical connection (first and second end) on submarine equipment, installation of submarine equipment and hydrostatic test, in a maximum water depth of 3000 meters.
Sapura said the contracts are expected to contribute positively to the earnings of Sapura Energy Group for the financial year ending 31 January 2025 and the subsequent years.
