KUALA LUMPUR: Sapura Energy Bhd announced that its wholly-owned subsidiary, Sapura Energy (Thailand) Ltd, has secured a series of contracts in Thailand valued at a total of RM500 million.
In a filing with Bursa Malaysia, the group said the contracts include a work order from Chevron Thailand Exploration and Production Ltd and Chevron Offshore (Thailand) Ltd, along with service orders from PTT Exploration and Production Public Company Ltd and PTTEP Energy Development Company Ltd.
The work order commenced in the third quarter of 2025 and is scheduled for completion in the fourth quarter of 2026. Meanwhile, the service orders began in the second quarter of 2025 and will run for five months.
Sapura Energy noted that the contracts are expected to positively impact its earnings for the financial year ending January 31, 2026, and beyond, until the completion of the respective agreements.
