Recently, Sapura Energy, a Malaysian energy company, announced that announced that its drilling arm (“Sapura Drilling”) have secured multiple contracts with a combined value of approximately RM3.2B (including optional period), equivalent to 720 million U.S. dollars.
Sapura Drilling won two (2) contracts from PTTEP Energy Development Limited (“PTTEP”) for the provision of its tender assist drilling rigs (“TADR”), Sapura T-17 and Sapura T-18. Both projects will commence in Q2 FY2026, with a five-year firm period and an optional extension of three years.
The team has also secured a contract extension from Cabinda Gulf Oil Company Limited (“CABGOC”), a subsidiary of Chevron, for the tender assist drilling rig Sapura Jaya. The extension, effective from November 2024, will continue for one year, concluding in November 2025.
On top of that, Sapura Drilling was also awarded a contract from ExxonMobil Exploration and Production Malaysia Inc. (“EMEPMI”) for services of the Sapura Berani drilling rig. The project, starting in Q1 FY2026, involves development drilling for a period of thirty (30) months. Another contract has been secured from EnQuest Petroleum Production Malaysia Ltd (“EnQuest”) for services by the Sapura Esperanza rig for drilling activities. This contract commencing in Q1 FY2026, covers the drilling of four (4) development wells, offshore Malaysia.
Sapura Drilling has firmly positioned itself as the leading tender assist drilling contractor globally, with a fleet of five semi-tender rigs and six tender barge rigs, making it the largest drilling contractor in Southeast Asia by rig count and market share.
The contract wins have strengthened the Group’s order book to a total value of RM8.7 billion while the order book held by its joint ventures stood at RM5.7 billion.