Sapura Energy bags over RM500mil contracts in Thailand
Sapura Energy, in a filing with Bursa Malaysia today, said the new contracts include a work order from Chevron and three service orders from PTT Exploration and Production Public Co Ltd (PTTEP) and its related entity.
Sapura Energy said the work order from Chevron Thailand Exploration and Production Ltd and Chevron Offshore (Thailand) Ltd involves offshore wellhead platform and pipeline transportation, installation and removal works for its 2026 campaign.
The project commenced in the third quarter of 2025 and is scheduled for completion by the fourth quarter of 2026.
Meanwhile, the three service orders from PTTEP and PTTEP Energy Development Co Ltd are for the provision of saturation diving services for subsea inspection, repair and maintenance works at the Bongkot B15, G1/61 and G2/61 fields respectively.
The contracts took effect in the second quarter of 2025 and will run for five months.
Sapura Energy said the contracts are expected to contribute to its earnings for the financial year ending Jan 31, 2026 onwards.
Chief executive officer Muhammad Zamri Jusoh said the contract wins reinforce the company's long-standing relationship with clients in Thailand, backed by its strong track record in executing similar offshore projects in the country.
"It also demonstrates our strategy of bidding for projects that are aligned to the group's risk appetite, core capabilities, and vessel deployment efficiency," he added.
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