Sapura Energy Bhd’s joint venture entities, Seabras Sapura Holding GmbH and Seabras Sapura Participacoes SA, have been awarded contracts worth US$1.8bil for its six multi-purpose pipe-laying support vessels (PLSVs), as part of a Petrobras tender process.
In a filing with Bursa Malaysia, Sapura said the contracts were offered to Seagems Solutions Ltda, Sapura Diamante GmbH, Sapura Topazio GmbH, Sapura Jade GmbH, Sapura Onix GmbH and Sapura Rubi GmbH, which are entities of Seabras Sapura Holding and Seabras Sapura Participacoes.
Sapura Energy, through its wholly owned subsidiary, Sapura Offshore Sdn Bhd, holds 50% equity interest in the joint venture companies.
“The scope of work includes the provision of subsea engineering, installation and other services, by utilising the PLSVs in the Brazilian waters,” it said.
“The PLSVs shall perform all operations required to the installation of flexible pipes, electric-hydraulic umbilical and power cables, new or used, such as loading, unloading, laying, connection between spans, vertical connection (first and second end) on submarine equipment, installation of submarine equipment and hydrostatic test, in a maximum water depth of 3,000m.”
Sapura Energy said the contracts are expected to contribute positively to the earnings of the group for the financial year ending Jan 31, 2025 and subsequent years.
