Sapura Energy Berhad (Sapura Energy) won Company of the Year for the Energy Services, Offshore and Marine category at the Asia Pacific (APAC) Energy Awards by Energy Council, against strong competition from leading global industry players.

Shareholders of Sapura Energy Berhad (Sapura Energy) overwhelmingly supported the proposed 50:50 strategic partnership with Austria’s OMV Aktiengesellschaft (OMV AG) at the Extraordinary General Meeting today. The 99.98 per cent approval from shareholders today gives certainty to the completion of the transaction.

Sapura Energy Berhad (Sapura Energy) has successfully raised approximately RM4 billion from its rights issue exercise which closed on 16 January 2019. The Group received 8,138,379,841 of valid acceptances and excess applications for its rights shares with warrants, representing a subscription rate of 81.5 per cent. For its Islamic redeemable convertible preference shares (RCPS-i), the Group saw just above 100 per cent of valid acceptances and excess applications.

Sapura Energy Berhad (Sapura Energy) has secured RM760 million in contract wins for its Drilling and Engineering & Construction businesses. The latest achievements have lifted the value of contract wins to RM9.3 billion for its current financial year. The company’s growing order book will see a higher utilisation of its assets as it gears up for long-term growth across its Services segment.

Sapura Energy Berhad (Sapura Energy) registered a profit-before-tax of RM40.3 million for the third quarter ended 31 October 2018 (Q3 FY2019), which is higher by RM250.0 million compared to a loss-before-tax of RM209.7 million in Q3 FY2018. This is the first profit recorded by the Group since Q2 FY2018. The Group’s revenue rose by approximately 17 per cent to RM1.5 billion for the quarter under review from RM1.3 billion in the corresponding quarter of the preceding year, mainly attributed to the higher revenue from its Engineering and Construction (E&C) as well as Exploration and Production (E&P) business segments.

Sapura Energy Berhad (Sapura Energy) and its consortium partner have been awarded a contract valued at approximately RM3 billion by Oil and Natural Gas Corporation (ONGC) in India.

Shareholders of Sapura Energy Berhad voted overwhelmingly to subscribe to the group’s rights issue and support its growth plans at the Extraordinary General Meeting (EGM) today. In a significant vote of confidence, shareholders passed all six resolutions in conjunction with the proposed rights issue, which entails raising up to RM4 billion.

Sapura Energy Berhad (Sapura Energy) marked a significant milestone in its growth strategy when its wholly-owned subsidiaries, Sapura Fabrication Sdn Bhd and Sapura Saudi Arabia, were selected to join Saudi Aramco’s Long-Term Agreement (LTA) programme.

Sapura Energy Berhad (Sapura Energy) has strengthened its presence in Mexico and Malaysia with new contract wins valued at approximately RM1.75 billion. The new contracts have lifted the company’s orderbook to RM18 billion and total contract wins to-date for this financial year to RM7 billion.

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.