Sapura Energy Secures Over $118 Million in Contracts in Thailand

Malaysian oil & gas services provider Sapura Energy has announced the successful acquisition of new contracts with Chevron’s Thailand subsidiaries and PTT Exploration and Production (PTTEP) in Thailand, totaling over RM 500 million (approximately $118 million).

The contracts were awarded to Sapura Energy’s subsidiary, Sapura Energy (Thailand) Limited (SETH), for an installation and removal campaign, as well as subsea inspection, repair, and maintenance (IRM) services.

For Chevron Thailand Exploration and Production Ltd. and Chevron Offshore (Thailand) Ltd., the installation and removal contract is set to be completed by the end of 2026. The offshore campaign will be carried out by Sapura’s Engineering & Construction (E&C) team.

Additionally, the subsea IRM services for PTTEP involve saturation diving operations for facilities in the G1/61 and G2/61 projects, with work commencing in the second quarter of 2025.

The operations will be managed by Sapura Energy’s Operations & Maintenance (O&M) segment, utilizing the specialized subsea construction vessel Sapura Constructor, equipped with accommodation for 120 personnel and diving support facilities for up to 15 divers.

Sapura Energy highlighted its ongoing subsea IRM projects for PTTEP in Malaysia, emphasizing its strong partnership with clients in Thailand and the Group’s expertise in offshore campaigns.

CEO of Sapura Energy, Muhammad Zamri Jusoh, commented on the contracts, stating, “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. It also demonstrates our strategy of bidding for projects aligned with the Group’s capabilities and vessel deployment efficiency.”

Earlier this year, Sapura Drilling, the drilling arm of Sapura Energy, secured multiple contracts worth approximately $720 million, further solidifying the company’s position in the oil and gas industry.