KUALA LUMPUR (Jan 9): SapuraKencana Petroleum Bhd has been awarded with contracts with a combined value of about RM1.34 billion (US$300 million). In a filing with Bursa Malaysia today, the company said the contracts are divided into two of its business segment, with four of the contracts under the engineering and construction segment and a contract in the drilling business. Under engineering and construction, SapuraKencana Subsea Services Sdn Bhd and SapuraKencana GeoSciences Sdn Bhd have been each awarded a contract by Petronas Carigali Sdn Bhd. SapuraKencana TL Offshore Sdn Bhd has been awarded a contract by Hyundai Heavy Industries for the provision of offshore installation work of BNCPP-B jacket, foundation piles and bridge structure between BNCPP-B and BNG-B. The drilling division, on the other hand, saw SapuraKencana Drilling Sdn Bhd being awarded a contract by Brunei Shell Petroleum Sdn Bhd for the provision of its Tender Assist Drilling Rig SKD Alliance.

Source: The Edge Markets January 09, 2017 06:59 UTC