Shipping Telegraph: Sapura Energy signs USD 118m offshore contracts

by Shipping Telegraph

The Kuala Lumpur based energy services and solutions provider Sapura Energy Berhad (SEB) and its subsidiaries (the Group), has announced that it has won two contracts from its long-term clients in Thailand, with a combined value exceeding RM500 million (about USD 118 million).

The contracts were awarded to its wholly owned subsidiary Sapura Energy (Thailand) Limited (SETH), for an installation and removal campaign; and subsea inspection, repair and maintenance (IRM) services.

This installation and removal contract, awarded by Chevron Thailand Exploration and Production Ltd. and Chevron Offshore (Thailand) Ltd., is expected to be completed by the end of calendar year 2026 as SEB informs.

The service orders for the Group’s subsea IRM services were awarded by PTT Exploration and Production Public Company Limited (PTTEP), and the work comprises of saturation diving operations for facilities in the G1/61 and G2/61 projects.

These operations will be executed by the Group’s Operations & Maintenance (O&M) business segment, using SEB’s dedicated subsea construction vessel Sapura Constructor equipped with accommodation for 120 personnel and diving support facilities for up to 15 divers.

SEB is already doing subsea IRM works for PTTEP in Malaysia, and these additional works for subsea IRM have commenced in the second quarter of calendar year 2025..

Muhammad Zamri Jusoh, SEB Group CEO, says that “These awards build upon SEB’s long-standing partnership with clients in Thailand, given the Group’s proven track record for similar offshore campaigns in the Kingdom,” and he adds that “It also demonstrates our strategy of bidding for projects that are aligned to the Group’s risk appetite, core capabilities, and vessel deployment efficiency.