Sapura Energy Berhad subsidiary Sapura Drilling said it has secured multiple contracts with a combined value of approximately USD 716.7M (MYR 3.2bn), including an optional period.
Sapura Drilling won two contracts from PTTEP Energy Development Limited for the provision of its tender assist drilling rigs, Sapura T-17 and Sapura T-18.
Both projects will begin in the second quarter of 2026, with a five-year firm period and an optional extension of three years, the Malaysian company said in a news release.
The company has also secured a contract extension from Chevron subsidiary Cabinda Gulf Oil Company Limited (CABGOC) for the tender assist drilling rig Sapura Jaya. The extension, which started in November 2024, will continue until November 2025.
Further, Sapura Drilling won a contract from ExxonMobil Exploration and Production Malaysia Inc. (EMEPMI) for services of the Sapura Berani drilling rig. The project, starting in the first quarter of 2026, involves development drilling for a period of 30 months.
Another contract was secured by the company from EnQuest Petroleum Production Malaysia Ltd for services by the Sapura Esperanza rig for drilling activities. The contract begins in the first quarter of 2026 and covers the drilling of four development wells offshore Malaysia.
Sapura Drilling has 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, it said.
The signed contracts have strengthened the group’s order book to a total value of USD 1.95bn (MYR 8.7bn) while the order book held by its joint ventures stood at USD 1.28M (MYR 5.7bn), the company said.
In addition to the drilling contracts, Sapura Energy’s Engineering and Construction segment has secured several key projects, including a pipeline installation in Brazil and an asset removal project in Australia.
