Sapura Energy Berhad is pleased to announce that a joint venture company under its Engineering and Construction (“E&C”) segment has been awarded an extension of a charter and service contract by Petróleo Brasileiro S.A. (“Petrobras”) in Brazil. The two-year contract extension, for its pipe laying support vessel (“PLSV”) Sapura Esmeralda, is valued at approximately RM580 million.

The contract was awarded to Sapura Navegação Marítima S.A., a wholly-owned subsidiary of Seabras Sapura Participações S.A., a joint venture company between Sapura Offshore Sdn. Bhd. and Seabras Serviços De Petroleo S.A.

The contract scope of work includes the provision of services and charter of installation and recovery of flexible pipes in the Brazilian waters in a maximum water depth of 2,500 metres. The two-year contract duration for Sapura Esmeralda commences immediately on 2 August 2022.

The award strengthens Sapura Energy’s presence in Brazil, signifying its ability to create strong partnerships and deliver value to clients. Its E&C segment operates six PLSVs in Brazil, with a utilisation rate of about 95 percent.