Sapura Energy Berhad (formerly known as SapuraKencana Petroleum Berhad) is a Malaysian integrated oil and gas services company based in

Seri Kembangan Seri Kembangan, also known as Serdang, formerly known as Serdang New Village, is a town located in Petaling District, Selangor, Malaysia. It is located in between Kuala Lumpur and Putrajaya. The town is now a considerable city in size. It is loc ...

Selangor Selangor ( ; ), also known by the Arabic language, Arabic honorific Darul Ehsan, or "Abode of Sincerity", is one of the 13 states of Malaysia. It is on the west coast of Peninsular Malaysia and is bordered by Perak to the north, Pahang to the e ...

. Sapura Energy trades in over 20 countries, such as China, Australia, United States of America, and those in Western Africa and the Middle East, employing approximately 13,000 people. Sapura Energy's operations cover exploration, development, production, rejuvenation, decommissioning, and abandonment. The company was formed via a merger between SapuraCrest and Kencana in May 2012 and trades on the Main Market of Bursa Malaysia Securities Berhad. The company was renamed as Sapura Energy Berhad on 24 March 2017.

Core businesses

Engineering and Construction

One of Sapura Energy's core businesses is Engineering and Construction, which includes the creation of

offshore platform An oil platform (also called an oil rig, offshore platform, oil production platform, etc.) is a large structure with facilities to extract and process petroleum and natural gas that lie in rock formations beneath the seabed. Many oil platforms wi ...

s and marine pipelines for

oil exploration Hydrocarbon exploration (or oil and gas exploration) is the search by petroleum geologists and geophysicists for hydrocarbon deposits, particularly petroleum and natural gas, in the Earth's crust using petroleum geology. Exploration methods V ...

. It is supported by a strategic group of assets such as pipelaying vessels, six of which are in full operation for Petróleo Brasileiro S.A. (Petrobras) in Brazil. The vessels are fitted with

remotely operated vehicle A remotely operated underwater vehicle (ROUV) or remotely operated vehicle (ROV) is a free-swimming submersible craft used to perform underwater observation, inspection and physical tasks such as valve operations, hydraulic functions and other g ...

s (ROVs) developed and built by Total Marine Technology Pty Ltd (TMT), an Australian subsidiary of SapuraKencana.

Operations and Maintenance

Through its

engineering Engineering is the practice of using natural science, mathematics, and the engineering design process to Problem solving#Engineering, solve problems within technology, increase efficiency and productivity, and improve Systems engineering, s ...

procurement Procurement is the process of locating and agreeing to terms and purchasing goods, services, or other works from an external source, often with the use of a tendering or competitive bidding process. The term may also refer to a contractual ...

construction Construction are processes involved in delivering buildings, infrastructure, industrial facilities, and associated activities through to the end of their life. It typically starts with planning, financing, and design that continues until the a ...

, installation, and

commissioning Commissioning is a process or service provided to validate the completeness and accuracy of a project or venture. It may refer more specifically to: * Project commissioning, a process of assuring that all components of a facility are designed, in ...

(EPCIC) solutions, Sapura Energy also offers its clients in the oil and gas industry operations and maintenance (O&M) services. Its offshore support services ranges from topside maintenance,

subsea Subsea technology involves fully submerged ocean equipment, operations, or applications, especially when some distance offshore, in deep ocean waters, or on the seabed. The term ''subsea'' is frequently used in connection with oceanography, marin ...

services, brownfield rejuvenation, and geosurvey and

geotechnical Geotechnical engineering, also known as geotechnics, is the branch of civil engineering concerned with the engineering behavior of earth materials. It uses the principles of soil mechanics and rock mechanics to solve its engineering problems. I ...

, to the provision of offshore support vessels.Bloomberg L.P
Sapura Energy Bhd (SAPE:Kuala Lumpur)
Retrieved 30 August 2017.

Drilling and Completion

The world's largest owner and operator of

tender rig Tender assisted rigs are an existing type of development drilling, workover or plug and abandonment rig (same "family" as jack up rig, semi-submersible or drillship). However, it is the only design that can operate in both shallow and deepwater (fr ...

s, Sapura Energy maintains more than 50% of the global market share.Malaysia Petroleum Resources Corp. 2017
OTC EXTRA: Malaysia Showing Resilience Amid Turbulence.
Retrieved 30 August 2017. In 2013, Sapura Energy bought $2.9 billion worth of tender rigs from deepwater drilling company

Seadrill Seadrill is an offshore drilling contractor providing worldwide offshore drilling services to the oil and gas industry. Its primary business is the ownership and operation of drillships, semi-submersible rigs, and jack-up rigs for operations in ...

, further expanding the company's tender rig business. The company has over four decades of experience in tender-assist drilling operations and drills more than 400 wells in a year.

Exploration and Production

Sapura Energy is also known for its exploration and production of oil and gas. In 2014, the company's energy division was able to lift 5.1 million

barrels of oil equivalent The barrel of oil equivalent (BOE) is a unit of energy based on the approximate energy released by burning one barrel (, or about ) of crude oil. The BOE is used by oil and gas companies in their financial statements as a way of combining oil an ...

from

Peninsula Malaysia Peninsular Malaysia, historically known as Malaya and also known as West Malaysia or the Malaysian Peninsula, is the western part of Malaysia that comprises the southern part of the Malay Peninsula on Mainland Southeast Asia and the nearby isla ...

fields. In the same year, it achieved a 100% exploration success rate due to its five significant gas discoveries in

Sarawak Sarawak ( , ) is a States and federal territories of Malaysia, state of Malaysia. It is the largest among the 13 states, with an area almost equal to that of Peninsular Malaysia. Sarawak is located in East Malaysia in northwest Borneo, and is ...

’s SK408 project, resulting in more than three trillion cubic feet of gas.

Ownership

Sapura Energy Berhad is a public limited liability company. As of 2017, the number of shareholders totals to 37,217 with Sapura Technology Sdn Bhd retaining 13.37% and the Citigroup Nominees (Tempatan) Sdn Bhd Employees Provident Fund Board holding 10.06% of the shares. The Chairman of the Board of Directors is Hamzah Bakar while until 2021, the company's President and Group Chief Executive Officer was Shahril Shamsuddin, who also served on the board of directors and the President and Group Chief Executive Officer of

Sapura Group Sapura Group, also known as Sapura, is a Malaysian public limited company based in Kuala Lumpur, mainly engaged in oil and gas, manufacturing engineering, property, aviation, defence, and rail construction. Formed in 1975 by Abdul Kadir Shamsudd ...

References

External links

* {{FTSE Bursa Malaysia KLCI constituents Oil and gas companies of Malaysia Companies based in Kuala Lumpur Non-renewable resource companies established in 2012 Malaysian companies established in 2012 Companies listed on Bursa Malaysia 2012 establishments in Malaysia