Sapura Energy Berhad (Sapura Energy) and OMV on 9 November 2018 signed a Share Subscription Agreement and a Shareholders’ Agreement to form a strategic partnership. Under the agreements, OMV Exploration and Production GmbH (OMV E&P), a wholly-owned subsidiary of OMV Aktiengesellschaft, will buy a 50 per cent stake of the enlarged issued share capital in a newly-formed joint venture company, SEB Upstream Sdn Bhd (SUP), based on an enterprise value of up to USD1.6 billion comprising an equity value of up to USD1,250 million and debt of USD350 million.

Sapura Energy Berhad (“Sapura Energy” or “the Group”) today announced its financial results for the period ended 31 July 2018, registering an increase in revenue at RM1.3 billion for Q2 FY2019 compared to the immediate preceding quarter (Q1 FY2019) at RM1.1 billion. The Group recorded a loss-before-tax of RM80 million for Q2 FY2019, compared to a loss-before-tax of RM108 million in Q1 FY2019.

Sapura Energy Berhad (“Sapura Energy” or “The Group”) has obtained firm support from two major shareholders, Permodalan Nasional Berhad (“PNB”) and Sapura Technology Sdn Bhd (“Sapura Technology”), by means of letters of irrevocable undertaking for their proposed issuance of rights shares with warrants and rights issue of Islamic redeemable convertible preference shares (“RCPS-i”).

Sapura Energy Berhad (“Sapura Energy” or “the Group”) today announced that it has secured three new contracts and a contract extension valued at approximately RM815 million in Australia, Brunei, Malaysia and Nigeria, bringing the total value in contract wins for this financial year to-date to RM5.3 billion for the Group.

Sapura Energy Berhad (“Sapura Energy”) announced today that it has entered into a Heads of Agreement with Austria’s OMV Aktiengesellschaft (“OMV AG”) to form a strategic partnership.

Sapura Upstream Sdn Bhd (“Sapura Upstream”; formerly known as Sapura Exploration and Production Sdn Bhd), a wholly-owned subsidiary of Sapura Energy Berhad (“Sapura Energy”), today made its maiden foray into Australia through farm-in agreements to three offshore exploration permits held by Finder Exploration Pty Ltd (“Finder”), a private oil and gas company based in West Perth, Australia.

Sapura Energy Berhad (“the Group” or “Sapura Energy”) today proposed a rights issue as part of a broader strategic plan to strengthen the group’s core businesses, boost its financial position and create better value for its shareholders.

Sapura Energy Berhad (“Sapura Energy” or “the Group”) was awarded Best Pipe Layer Operator for flexible pipe lay works in ultra-deepwater operations and was a joint recipient of the Best Health, Safety and Environment (“HSE”) Management award for excellent performance in HSE at the recent Petrobras (Petróleo Brasileiro S.A.) Best Suppliers Recognition Award 2017.

Sapura Energy Berhad (“Sapura Energy” or “the Group”) today announced its first quarter results for the period ended 30 April 2018, recording a revenue of RM1,055 million, EBITDA of RM228 million and loss-after-tax of RM137 million.

Sapura Exploration and Production (“Sapura E&P”), a wholly-owned subsidiary of Sapura Energy Berhad (“Sapura Energy” or “the Group”) and its joint venture consortium partners, DEA Deutsche Erdoel Mexico and Premier Oil (“Premier”), signed a Production Sharing Contract (“PSC”) for Block 30 with Comision Nacional De Hidrocarburos of Mexico (“CNH”) on 27 June 2018.