Sapura secures $722 million in Malaysia drilling contracts

KUALA LUMPUR, February 27, 2025 – Sapura Energy’s drilling arm has secured multiple contracts with a combined value of approximately USD 722 million for drilling in Malaysia, the company said on Wednesday.

Sapura Drilling secured two contracts from PTTEP Energy Development for the provision of its tender assist drilling rigs, Sapura T-17 and Sapura T-18. Both projects are scheduled to commence in the second quarter of the financial year 2026 (Q2 FY2026), with a firm period of five years and an optional three-year extension.

Additionally, Sapura Drilling received a contract extension from Cabinda Gulf Oil Company, a subsidiary of Chevron, for the tender assist drilling rig Sapura Jaya. The extension, effective from November 2024, will run for one year until November 2025.

Sapura Drilling was also awarded a contract from ExxonMobil Exploration and Production Malaysia for the provision of services using the Sapura Berani drilling rig. This development drilling project is set to begin in the first quarter of the financial year 2026 (Q1 FY2026) and will continue for 30 months.

Furthermore, the company secured a contract from EnQuest Petroleum Production Malaysia for the Sapura Esperanza rig. The contract, commencing in Q1 FY2026, will involve the drilling of four development wells offshore Malaysia.

“These contract wins reaffirm our operational expertise and strong partnerships with key industry players,” a Sapura Energy spokesperson said. “We remain committed to delivering high-quality drilling services that meet the evolving needs of our clients.”

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