Sapura nabs $147 million in E&C and drilling contracts

Malaysia’s Sapura Energy has won RM615 million (~$147 million) worth of contracts in the Engineering and Construction (E&C) as well as Drilling segments of its business.

In Brazil, Petrobras has awarded Sapura Navegação Marítima S.A. a contract extension to charter and operate Sapura Topazio, a dynamic positioning (DP) 2 self-propelled pipelaying vessel. Sapura said the Petrobras contract came on the back of the successful completion of a five-year charter with Petrobras where the ultra-deepwater pipelay vessel had achieved 98 per cent uptime utilization for the five-year period. The Malaysian company did not provide any details on the terms of the extension.

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