Sapura Energy Berhad is pleased to announce that its associate company, SapuraOMV Upstream Sdn Bhd together with Joint Venture partners Mitsui Exploration and Production Australia Pty Ltd and OMV New Zealand Limited have made a discovery with a positive result in the Toutouwai-1 exploration well in the Taranaki Basin, in New Zealand. The prospect is located 50 kilometres off the Taranaki coast in 130 metres of water.

Sapura Energy Berhad began financial year 2021 with a positive rebound, posting a profit-after-tax and minority interests of RM14.2 million for the first quarter ended 30 April 2020 (Q1 FY2021).

Sapura Energy Berhad has been awarded several new contracts for its Engineering and Construction (E&C) division, with a combined value of approximately RM766 million.

Sapura Energy Berhad (“the Company” or “the Group”), today announced its unaudited full year results for the financial year ended 31 January 2020, recording a revenue of RM6.4 billion, compared to RM4.6 billion the previous financial year.

Sapura Energy Berhad announced internal austerity measures to mitigate the impact of the COVID-19 pandemic and the resulting low oil prices.

Sapura Energy Berhad (Sapura Energy) marked a significant milestone with the award of its first contract in Abu Dhabi, in partnership with Petrofac Emirates LLC, for the Dalma Gas Development Project (Offshore EPC Package – A) by Abu Dhabi National Oil Company (ADNOC). The contract was awarded through its subsidiary’s branch office in Abu Dhabi.

Sapura Energy Berhad is pleased to announce the appointment of Encik Abdul Jalil Abdul Rasheed as its Non-Independent Non-Executive Chairman, succeeding Dato’ Hamzah Bakar effective 1 February 2020. Dato’ Hamzah has had a long relationship with Sapura, going back to 4 July 2003 when he was appointed as a Board member of SapuraCrest Petroleum. On 9 December 2011, he joined the Board of Sapura Energy as Chairman.

Sapura Energy Berhad is pleased to announce the appointment of En. Abdul Jalil Abdul Rasheed, President and Group Chief Executive of Permodalan Nasional Berhad (PNB), as a Non-Independent Non-Executive Director on the company’s board effective 1 January 2020. He will succeed Datin Paduka Kartini Hj Abdul Manaf, who steps down today after serving the board since 24 April 2019. Sapura Energy is one of PNB’s key strategic companies, in which PNB and its associated funds collectively own a 40% stake.

Sapura Energy Berhad, a leading global integrated oil and gas services and solutions provider, has secured several new contracts and contract extensions for its Engineering and Construction (E&C) as well as Drilling segments. The contracts, valued at approximately RM615 million, brings the total order book year-to-date to RM15.1 billion, which will increase work volume and utilisation of assets.

For the first nine months ended 31 October 2019 (9M FY20), Sapura Energy Berhad registered a 73 per cent growth in revenue at RM5.3 billion, compared to RM3.1 billion in the previous corresponding period (9M FY19). The improved revenue enabled the Group to further trim its net losses by 33 per cent to RM326 million in the nine-month period from RM483 million previously.